INVESTING UPDATE 24

After recent corrections from record high levels, the market is expected to be largely volatile and rangebound in the coming week, with focus mostly on global cues given the lack of domestic triggers, experts said.... Selling pressure sustained with bears tightening their grip over Dalal Street in the week ended December 16. The hawkish tone with hints of more rate hikes to control inflation by Federal Reserve after 50 bps hike in interest rates in December policy meeting, and growing recession fears in developed nations weighed on the market sentiment.  After  recent correction from record high levels, the market is largely expected to be volatile and rangebound in the coming week, with focus mostly on global cues given the lack of domestic triggers, experts said.     Most of sectors slipped into the red with maximum pressure in FMCG, technology, and MNC, while Bank Nifty also fell nearly a percent for the week largely on profit booking after crossing 44,000 mark du...