JOIN USIn a lacklustre trade last week, Sensex witnessed a surge of nearly 209 points or 1.05 per cent to close at 20,073.66.
Market observers feel that the pattern for the remaining trading sessions of December may not deviate from what one has seen in the past few days as there is lack of hot money.
“Holiday mood has set in the market which is why the Dalal Street is likely to see range-bound trading and will see a significant movement only after the FIIs will get fresh allocations in the new year,” Ashika Stock Brokers research head Paras Bothra said.
Analysts pointed out that lack of any major domestic and global cues may also make the market move sideways in the last week of the calendar year.
But the marketmen also feel that despite the range-bound trading, the stock markets will end the year on a positive note.