It was a surprise day for Indian market. Market opened in green. It was in it's green terrain throughout the morning session. But in the afternoon indicies witnessed profit booking. Profit booking was expected in Indian bourses after diwali. Oil and gas and consumer durables witnessed selling pressure. Across sectors it was mixed response. Sensex closed at 17223, down by 103 points. Whereas nifty recorded a loss of 27 points and closed at 5114.
In the remaining three trading days there will be volatility in the market. Disinvestment and Q2 results are the main drivers in this week. On friday there will be huge buying interest across all sectors. Markets are bullish in the short term.
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