Indian Markets continue to trade volatile - ICICI Bank : Treasury Research

The Indian markets continue to trade volatile. After the OMO sale auction turned out to be unsuccessful and with Rupee remaining under pressure, the markets anticipate other stringent liquidity tightening measures by the Central Bank. The results of the dated securities auction later today would be closely watched.

Indian equities ended positive yesterday and continues to trade positive in early trade this morning. Better than expected earnings declared yesterday by TCS also aided sentiment. Markets will watch for earnings results from Reliance Industries and Bajaj Auto today. Cues from Asian markets are mostly mixed although US indices ended in the green. Technically, Sensex is expected to trade ranged between 20000-20400.

Source : Equity Bulls

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