Mumbai: In an initial public offering

Rahul Agarwal, VP Institutional Sales, LKP Shares, said that yesterday stock markets were very strong, lot of buying was seen in Reliance Group and banking stocks. Auto sector also did well. Markets lifted largely due to short covering.

According to Mr. Agarwal, markets will remain strong today (August 28). He anticipates constant recovery to occur in the markets though market can be explosive and can again drop to 14,000 level.

Mumbai: According to stock analysts, the domestic stock markets are expected to stay fairly explosive in the current week ahead with capitalists expecting direction from worldwide clues and local political condition.

Last week, the benchmark index BSE Sensex closed on a flat note at 14,424.87 points, and also descended below the 14,000 mark in the last seven days. In the past week, the Sensex had hovered from negative to positive dominion amid worries on the actions in the Central government.