According to Way2Wealth, the markets may open on a negative to flat note.
The market ended in green, after paring initial gains in volatile trade amid nervousness in markets ahead of Lok Sabha elections results on May 16. Consumer durables, banking, auto and sectors gained, while realty and FMCG counters came under pressure.
The markets may open on a negative to flattish note, tracking muted trends seen in other Asian markets following benign inflation data from China and weak cues from Wall Street. On the domestic front the markets will be driven by ongoing elections, FII inflows and earnings.
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