Street Signs: Street buckles up for turbulence, Yatharth GMP at 25% & more

Street buckles up for fresh turbulence
Domestic equities could witness fresh turbulence as the Street weighs up earnings announcements by blue-chip firms such as Reliance Industries (RIL), ICICI Bank, and Kotak Mahindra Bank. “RIL’s earnings were not up to the mark, but not disastrous either. Another round of corrections on Monday cannot be ruled out. Well, markets have become expensive and are looking for a reason to correct,” observes Ambareesh Baliga, an independent market analyst. The National Stock Exchange Nifty finished last week at 19,745, down 234 points, or 1.2 per cent — the most in four months. Technical analysts