With trading in mainland China shut from February 9-16, investors will likely take cues from gains seen for the country’s shares listed offshore. A gauge of stocks in Hong Kong rallied nearly 5% since it reopened on Wednesday while the Nasdaq Golden Dragon China Index jumped 4.3% for the week, underscoring room for onshore shares to play catch-up.
Broad-based market rally unlikely without FPI flows & stronger growth: Nilesh Shah
The broad-based rally at least at this point of time looks difficult, unless and until it is supported by growth or it is supported by