Street Signs: Likely shift to broader market, PVC pipe firms to gain & more

Action may shift to broader market

After a sustained run, the benchmark Nifty is likely to move sideways and action could shift to the broader market. Last week’s stock price movement gave an early peak into this trend. The Nifty Midcap Index rose 3 per cent, outperforming the benchmark Nifty which rose 1 per cent to finish at 18,696. “We expect some consolidation in the Nifty, and levels near 18,400-18,500 to provide immediate support to the index. Mid-caps could outperform in the weeks to come,” read a note by ICICIdirect.

Piping hot demand to assist PVC pipe makers

Share prices of plastic