Bulls had a great day at the markets today. Indian market ended on a high at the end of day‘s trade. While Nifty ended positive gaining 0.69 percent to close at 8801.05, Sensex gained 198.76 to end at 28439.28 up by 0.70 percent.
Bulls had a great day at the markets today. Indian market ended on a high at the end of day’s trade. While Nifty ended positive gaining 0.69 percent to close at 8801.05, Sensex gained 198.76 to end at 28439.28 up by 0.70 percent.
The needle movers of the day were mostly stock specific, rather than sector specific. The up-move was mostly broad based as most sectors had gainers as well as losers at the same time. Among sectors, midcaps had a relentless run on the market.
Neeraj Deewan of Quantum Securities said he is positive on private sector banks which have corporate exposure. According to him, ICICI Bank should be part of any portfolio and should be bought on every dip. He is also bullish on Transport Corporation of India Limited, Equitas Holding Limited and Ujjivan Financial Services which came out with a good set of numbers. Deewan added that cement space should continue doing well and he has a positive view on India Cements and UltraTech Cement.
Mayuresh Joshi of Angel Broking said valuations of consumer discretionary as well as consumer facing stocks have remained stretched. However, stocks like Bajaj Finserv and Bajaj Finance showed significant improvements in collection efficiencies and demonetisation after-effects remained minimum, he added. Hence one should continue to hold on to these stocks, he said.
SP Tulsian of sptulsian.com held a positive bias on UP based sugar stocks. His pecking order for sugar stocks remains Oudh Sugar Mills Limited, Dalmia Bharat Sugar and Industries Limited and Dwarikesh Sugar Industries Limited.
In the interview, Mitessh Thakkar of miteshthacker.com and Prakash Gaba of prakashgaba.com also gave stock specific views.The Great Diwali Discount!
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