Forecast - No hitch for the market till budget

I do not foresee any major correction in the market till the budget. Budget related triggers are yet to pour in, as there is some time to go before the event.

The Sensex has added more than 500 points in the past five sessions. Firm global markets have contributed their bit to the party. Many of them are trading at their all-time high levels. So there were no major correction concern from that facet.

There is a possibility for the market to remain flattish tomorrow, after all the bullishness seen over the past few days. ITC, Reliance Industries and HLL among the Sensex stocks could move up tomorrow considering that they were dull in today’s trading.

- Samir Porecha, Director, Porecha Global Securities