Reliance Q4 results translating into low sentiment for the market: CK Narayan

CK Narayan, President Treasury, Sharyans Resources in an interview with ET Now talks about his outlook for the market.

What is the call on markets right now?

It has been a disappointing start for a new week. The day has been far too dull for most of the people. On every Monday, traders come a little charged up, particularly after that long weekend. Everybody was charged up for some nice trading action but then the market has disappointed them.

Not very unusual seeing that there is no news flow and everybody is waiting for some feed from the quarterly numbers. That is probably the reason why a trend is not taking hold and less than expected results from Reliance did not help matters. We could have started out on a bang but Reliance providing a bit of a dampener seems to be holding back the index and that in turn is translating into a low sentiment.