Nifty may trade in a range, confidence still lacking: Rohit Srivastava of Sharekhan

Sharekhan fund manager Rohit Srivastava shares with us his views on the current market sentiment. He says that the index is likely to trade in a range for some time and confidence is still lacking. Much of gains due to the rupee depreciation have already been factored in for the IT sector, Mr Srivastava adds.