Markets likely to trade in the range as FIIs activity slowdown

Mumbai, Apr 29 (UNI) The just ended week saw stock markets swing wildly on the back of Futures and Options (F&O) expiry for April as well as SEBI's notifications banning brokers and depository participants(DP) and subsequent clarifications lifting the ban partially.

Market's benchmark index closed just 12 points up at 12,042 from the previous week's close of 12,030.

With the fourth quarter result season in its last leg, markets are going to be watching the numbers coming out next week very keenly.

The foreign institutional investors(FIIs) have been on the sidelines this month but the mutual funds(MFs) have been much more active in the bear market as the MFs have taken up fresh positions in the market at every sharp fall.

Fall in the FIIs net investment in the market is certainly going to depress the market in the long run as MFs participation alone can not keep market in the bullish phase in the long run.

The crude oil prices at higher level haven't been having a negative impact in the long run but it has led to temporary jolts and which may be there again as crude oil prices are at all time high.

Markets are likely to trade in the range with the recent bull run being too fast paced but good fourth quarter results may see another 500 points rise next week.

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