Markets likely to strengthen on Monday

Mumbai, July 30 (UNI) The BSE Sensex is expected to open in the green on Monday, as the markets around the globe have firmed up and are trading steady.

There has been a noticeable trend towards profit-booking and also as this month's futures option closed on July 27, with investors having the option to trade in the August futures.

Experts believe that control in the rate of inflation to 4.52 per cent for the week is likely to bring some positivity and also the decline in the price of crude oil will remove the insecurity from the mind of the investors.

Also, the surge in foreign exchange reserves this week by US dollar 88 million to 163.348 billion will counter the volatility in the market.

The volatility in the market next week will not be strong and the Bombay Stock Exchange (BSE) Sensitive Index (Sensex) is expected to open as well as close in the green.

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