Followed by a roller coaster ride, the Indian equity indices closed in green on the back of late buying on Monday.
Nifty gained around 0.60 percent and closed at 7860.75 and Sensex rallied 163 points to end at 25653.23.
Market expert, Ashwani Gujral gave credit to Bank Nifty for today’s rally and said that there is some ‘big bang’ happening on the private banks side.
He is upbeat on the private banks and says that Yes Bank, IndusInd Bank, Kotak Bank, HDFC Bank etc. all can be bought into, however he advices not to go near public sector banks (PSBs).
Neeraj Deewan of Quantum Securities says that 8000 is still a barrier and it will be crossed only if there is some good news for the market and he expects the lower band of 7650-7700 for Nifty to hold for the time being.Speaking on the sugar sector, market expert, SP Tulsian said that he has a positive stance on UP based sugar mills and see them to be profitable in Q1 and Q2 of FY17.Watch video for more.
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