Domestic markets are likely to continue its downtrend on Friday, as investors on profit booking mode. Gift Nifty, which turned volatile, at 19,770 indicates that flat-to-negative opening, as Nifty futures on Thursday closed at 19,811. Investors preferred to turn to safe haven Pharma index.”The US stocks too closed in negative zone while equities in Asia-paicific region are down in early deal on Friday. According to analysts, market will remain in consolidation phase and investors will indulge in sector rotation. Vikas Jain, Senior Research Analyst at Reliance Securities., said: The earnings season will pick up pace in the coming days.

Source: The Hindu July 28, 2023 10:14 UTC