Range-bound trading more likely

New Delhi: The market is likely to remain in a range in the near-term. A consolidation around the present levels is likely before the next phase of the rally begins, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The undercurrents in the economy indicate a robust economy capable of sustaining the current trend of earnings growth into FY-25. Leading indicators like power demand, housing demand, credit growth and revival of rural demand suggest a resilient economy which can keep the market buoyant, restrained only by valuations, he said.