The Sensex and Nifty closed flat on Friday. On the hand, the Dow and the Nasdaq gained around 1.6% each.
June inflation data, corporate results and Presidential elections are the key events this week.
CNBC-TV18's managing editor Udayan Mukherjee says, this week, the focus might well be on what the government does post the Presidential polls and whether that can galvanise some life into the stock market once again.
According to him, the market will hold a range and wait to see what the government can do immediately after the polls.
Also read: June inflation, results to keep market choppy, says experts
Below is the edited transcript of his comments on CNBC-TV18.
It was a quite week, just 1% down on the Nifty. We had a rally in the US markets on Friday. But thats not been picked up by Asian markets or the SGX this morning where things remain curiously quite. So, this week the focus might well be on what the government does post the Presidential polls and whether that |
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