Markets staged a strong advance on Friday and gained over a percent despite weak global cues. Looking ahead, analysts will react to the quarterly results of heavyweights Reliance Industries, HDFC Bank, and ICICI Bank in early trade on Monday, which could dictate market direction. Technically, analysts say the Nifty has rebounded sharply from its key support zone and has breached the 24,300 resistance, indicating renewed buying interest at lower levels.
In today's trade, shares of ICICI Bank, YES Bank, Kotak Bank, RIL, Axis Bank among others will be in focus due to various news developments and first quarter results.
