The bears maintained the upper hand after close of trades last week, as the equities market closed negative on three of the five trading days. The NSEASI shed 0.08% during the week, dragging the Year to date return to -9.52%. This week, although we anticipate bargain hunting activities on counters in the banking and consumer goods space, we expect the general market mood to remain bearish in the absence of a strong enough catalyst required to spur a positive close. Hence, we expect the market to remain in the negative zone this week.
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