The benchmark Indian equity indices have shown little movement over the past month, and market experts suggest that the lack of fresh triggers may keep the market range-bound in the near term.
On Friday, Nifty 50 and Sensex ended 1% up at 24,131.10 and 79,802.79 points.
"Today's up-move seems like a bounce from the monthly expiry led correction yesterday (Thursday)," said Gaurav Dua, senior VP & head Capital Market Strategy, Mirae Asset Sharekhan.
Sneha Poddar, VP-research, Wealth Management at Motilal Oswal Financial Services, said, "The market seems to be taking a breather, and we might have to wait until February for a clearer direction."
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