• SENSEX
    NIFTY 50
VIDEOS
Market

Nifty to remain rangebound between 9,900 and 11,000 zones, says CLSA

Updated : January 07, 2019 11:46 AM IST

The Nifty index is expected to remain rangebound between 9,900 and 11,000 zones, said Laurence Balanco of CLSA, adding that he expected 2018 lows to be re-tested.

Talking about global markets, Balanco said, “Emerging markets lead by China drove the initial breakdown in global trends and then Europe joined the party in the Q3 with Germany breaking down and the most recent market has been the US market and I think it’s really the US that drives 14-15 percent down in the decline.”

According to him, emerging markets should outperform developed markets and US in particular in 2019.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV