Mkts next week: Trading ideas & outlook on commodities
This week was good for the benchmark as well as broader indices and it was a truncated week. The Sensex was up 4.4% and Nifty went up 4.08% this week. Broader indices remained on the higher side for the sixth straight day; Nifty Junior surged 6.5% this week. The CNX Midcap Index went up 3.5% and the BSE Small Cap Index shot up 9.5%.
Also Read: Sensex, Nifty up 4%, Nifty Junior surges 6.5% this week
Next week is an important week for markets because there is a lot stacked up on the global front. Infosys’ guidance for the full year will come out on Wednesday and it might be an important event for the market. There are other important earnings locally as well. In the US, earnings season is on in full tilt and there is lot of economic data and earnings corporate data which will be out next week and might have a bearing on whether the global or the local equity rally might progress next week.