Monday, May 21, 2012

Markets trade in tight range; European markets opening eyed

Indian markets are not showing any sign to move in either side, continuing to trade in tight band. Though, they are maintaining to remain in green zone with about half a percent of gains but traders seem to be waiting for the opening of the European markets and follow the leads on how they react to the news of G8 nation extending its support to Greece and the region. The other factor that is restricting the movement of markets is the weakness in rupee against the dollar, which has once again lost its strength. However, the rate sensitive sectors realty, banking and capital goods are keeping their spirit high while the IT and Technology stocks have given up and were down by quarter to half a percent.

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