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Volatility was lower from Friday's closing as India VIX was at 10.80, down 0.80%. «Domestic equities continued their northbound journey on Friday after a day’s break, supported by positive global data, healthy FII buying, and strong progress in monsoon. The broader market too participated in the rally with the Nifty midcap 100 at a fresh record high.
All sectors ended in the green, except metals. Auto, IT, PSU Bank, and Pharma were the front-runners,» Siddhartha Khemka, Head — of Retail Research at Motilal Oswal Financial Services said. He said that Nifty ended June with gains of 3.5% on the back of strong FIIs flow (Rs 20,900 crore MTD) and the advance of the southwest monsoon that boosted investor sentiments.
The Motilal Oswal analyst expects the uptrend in Indian equities to continue in the near term. The auto sector is expected to be in the limelight, as companies would release monthly sales data. The markets are likely to take cues from economic data to be released locally as well as globally.
Read more on economictimes.indiatimes.com
