Domestic markets are expected to open on sluggish note on Monday, as Reliance Industries disappointed its Q1 numbers. There is an expectation in the market that Nifty might cross historical 20,000-mark this week despite weak numbers from index heavyweights Reliance Industries and Infosys. Amidst FPIs backing, banking stocks may trigger a fresh rally that could help Nifty reach the psychological figure, according to some analysts. With foreign portfolio investors continued to show faith in Indian markets, experts believe domestic markets will be in consolidation phase. The equity markets trended higher last week and made a series of fresh closing all time highs.

Source: The Hindu July 24, 2023 08:32 UTC