Markets may trade in a narrow range; stock-specific action likely
April 09, 2021
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Stocks likely to witness action today: Srei Equipment Finance, S H Kelkar, Thyrocare Technologies, Zensar, CEAT, Emkay Global, and Salora International
Indian markets are expected to trade in a narrow range with a flat opening on Friday ahead of quarterly results. Companies will start results from next week.
Global markets present mixed signals, with US markets ending firm overnight. Though Japan's Nikkei is ruling firm, others such as Korea, Australia and China are down marginally.
However, the SGX Nifty at 14,930 signals a flat opening, as Nifty futures closed at 14,924 on the NSE. With the Prime Minister ruling out a complete lockdown, Indian markets may gain strength in today's trade, said analysts. Prime Minister Narendra Modi on Thursday ruled out imposing any lockdown in the country. However, he emphasised the need to identify micro-containment zones in a mission mode.