In the bygone week, Nifty soared to new high before losing all its gain for the week. Foreign institutional investors (FIIs) turned cautious and did some profit taking. Over the last 12 months, MSCI EM and MSCI India have delivered 15-16% returns each. Housing finance companies and private banks led by ICICI bank registered handsome W-o-W returns. This week, we expect profit taking led volatility to be the trading flavour.

Source: dna May 08, 2017 01:52 UTC