Market to see volatile trade in coming week

“Volatility would continue in the stock market this week. Profit booking would continue at the higher levels while some buying might emerge as the market falls,” Taurus Mutual Fund Managing Director RK Gupta said. Analysts said below normal rainfall so far this year has halted a strong bull run on the bourses as monsoon rains is the main source for nearly 60 per cent farm irrigation in India and considered crucial for Asia’s third-largest economy.

“The market would consolidate at the current levels before it gives direction. It would take some time for the market to digest the negative news on monsoon,” SMC Global Vice President Rajesh Jain said.