Tag: Trade Spotlight

Indian equity markets are expected to consolidate in the coming days, with the Nifty50 likely to move in the 20,200-19,900 range. The market may remain directionless until the outcome of the two-day Fed policy meeting scheduled on September 20. Investors should be cautious and avoid making any aggressive bets. It is important to focus on quality stocks with strong fundamentals and maintain a diversified portfolio across different asset classes and sectors. Investors may want to watch stocks like Mahindra & Mahindra, Yes Bank, and Bank of Baroda.

The Nifty50 closed above the 20,000 mark on September 13, supported by banks. The index rose 77 points or 0.39% to close at 20,070. The Bank Nifty gained 398 points to 45,909. The top gainers on the Nifty50 were Punjab National Bank (8.5%), Aarti Industries (5.6%), and ITI (19.4%). Experts believe that the market is expected to continue its upward momentum in the coming sessions, but investors should be cautious of profit-booking at higher levels.