Business
While the energy sector should witness some profit booking
Updated : Jul 26, 2018, 05:35 AM IST
Indian equity market is expected to remain volatile. The resistance on the higher side for the Nifty 50 index is placed at 11170-11200 levels.
ITC, Maruti and YES Bank to be watched. Hero Motocorp and Larsen & Toubro will also remain in focus.
Bank Nifty is likely to be volatile with key supports at 26800 levels. While the energy sector should witness some profit booking.
We continue to maintain our positive stance on the market.
Nifty traded in a narrow range of 44 points, whereas there was some bout of profit booking in Realty, Media and IT that lost 1.4%, 1.2% & 0.6%, respectively.
Vikas Jain, senior research analyst, Reliance Securities