You can also follow us for daily intraday updates click here to
The worst is getting over, believes Vibhav Kapoor of IL&FS who expects Nifty to touch 9000 levels in March 2017.
He said a 17-18 percent increase in Nifty can be seen in the third quarter as banks and metal stocks will perform better. State elections are round the corner and Kapoor says that the polls are the most important cue in 2017 for the markets. For the emerging markets, he says US will play a very important role.
Also read - Buy, sell, hold: 6 stocks analysts are betting on
Benchmark indices remained higher in morning with the Nifty inching towards 8350 and the Sensex trading above 27000 level, driven by banking & financials, infra and auto stocks.
The 30-share BSE Sensex was up 149.24 points at 27048.80 and the 50-share NSE Nifty gained 53.90 points at 8342.50 while the broader markets moderately outperformed, rising more than 0.6 percent on positive breadth.
About three shares advanced for every share falling on the BSE. Tata Steel topped the buying list, up 3.4 percent followed by HDFC Bank, ICICI Bank, HDFC and L&T.
TCS was down 0.7 percent followed by Infosys, especially ahead of December quarter earnings later this week.
No comments:
Post a Comment