Analysts expect the consolidation phase to continue as foreign portfolio investors (FIIs) indulged in heavy sector-rotation. We expect strong economic rebound and better visibility in the near-term." SGX Nifty at 17,760 indicates (7.45 am), a gap-up opening of about 130 points for Nifty. "The risks for a retest of the summer lows could easily happen if the Fed remains fully committed with their inflation fight," he added. Ajit Mishra, VP-Research, Religare Broking Ltd, said: "We expect choppiness to continue amid the feeble global cues.

Source: The Hindu September 20, 2022 15:48 UTC