With the beginning of the earnings season, we expect volatility to inch higher on the stock-specific front as well. Amid all, it is prudent to remain extra cautious in the selection of sectors and stocks for short-term trades and limit naked leveraged positions, said Ajit Mishra, VP Research, Religare Broking. Investors, on the other hand, shouldn’t worry about the intermediate corrective phase and focus on the earnings season for cues, he added.
In the BSE 500 index, 280 stocks ended the week on a positive note while the rest closed with cuts. Over two dozen counters registered double-digits gain during the week.
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