Markets to remain weak, Nifty range-bound, say analysts

PUBLISHED ON: April 27, 2012 | Duration: 24 min, 48 sec

   
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Manish Sonthalia, vice-president and fund manager, Motilal Oswal Fund Management, says markets are likely to move upwards in the month of May. Market expert Nipun Mehta, however, feels there is likely to be profit-booking with every rise in the market, and the range-bound movement would continue well into the next week. While they expect auto sales numbers to soften, IT stocks are expected to do well.
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