Traders are Watchful Due To Recent Instability In The Stock Market - Vishwas Agarwal

Improvement in Asian markets encouraged assurance in Indian equities on Friday. ICICI Bank, State Bank of India (SBI), Infosys, Reliance Communication, Housing Development Finance Corp. (HDFC) chaired the advancements.

BSE Sensex settled the week on a positive note at 15,138.40, up 152.70 points, whereas the broad-based NSE Nifty ended at 4,401.55, up 45.2 points.

Technical analyst, Vishwas Agarwal stated that presently the Indian markets are acting according to the worldwide market conditions. Traders are watchful due to recent volatility in the markets, he added.

Weakness in index heavy weight Reliance Industries (RIL) in last 5 trading sessions hassled markets last week.

“We still like to keep RIL and SBI as indicators for market trend,” said Mr. Agarwal.


Reliance Industries Ltd.

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