Tuesday, Oct 19, 2021 | Last Update : 06:28 PM IST

  Business   Market  08 Sep 2021  Market to stay range-bound

Market to stay range-bound

THE ASIAN AGE. | RAVI RANJAN PRASAD
Published : Sep 8, 2021, 9:21 am IST
Updated : Sep 8, 2021, 9:21 am IST

The market is expected to remain range-bound and stock/sector specific after such a massive rally, say analysts

Volatility was higher on Tuesday due to mixed global cues. (Photo: PTI/File)
 Volatility was higher on Tuesday due to mixed global cues. (Photo: PTI/File)

Mumbai: The market after surging to fresh highs couldn't sustain the gains and saw profit taking with high intraday volatility.  Sensex and Nifty-50 closed flat after setting new all time high of 58553.07 and 17436.50, respectively.

The market is expected to remain range-bound and stock/sector specific after such a massive rally, say analysts.

 

Volatility was higher on Tuesday due to mixed global cues as Saudi Arabia's sharp cut in crude contract prices for Asia sparked fears of slower demand, but strong Chinese export data for August and upward revision in Eurozone GDP capped losses.

Tags: bse sensex, nse nifty
Location: India, Maharashtra, Mumbai (Bombay)