Mumbai: As the markets continue to rally, corporate earnings of June quarter will be crucial for the NSE Nifty index to touch the 10,000 mark this week. Focus will also be on Parliament’s Monsoon session that begins on Monday. “Hence, the maximum upside could be limited up to 10,000 mark and there is more possibility of resumption of profit booking in Nifty from the highs. Vijay Singhania, founder-director, Trade Smart Online, said, “In absence of any key economic data release, the focus will shift to upcoming monsoon session of Parliament and ongoing earning season. Ltd, overall net revenue for the Nifty companies is expected to increase 7.01% sequentially.

Source: Mint July 17, 2017 03:11 UTC