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Last Updated : Dec 13, 2016 04:48 PM IST | Source: CNBC-TV18

Market might consolidate until Fed meet outcome: Gujral

Rajesh Kothari, Managing Director of AlfAccurate Advisors says Indian companies catering to the international markets like some pharma, auto ancillary and IT stocks will make a great buy as their valuations are very reasonable.


Market will remain range-bound for the next couple of days as investors await the outcome of the Federal Reserve meet later this week, says Ashwani Gujral of ashwanigujral.com. 

The Nifty will remain quiet for the next 1-2 days and will trade between levels of around 8,080-8,280 points, says Mitesh Thacker of miteshthacker.com.

But an independant market analyst, Ambareesh Baliga says there are still many opportunities available to buy into the market. He suggests infrastructure stocks and companies dealing with road projects. He also suggests buying into IT stocks as they have been the biggest gainers today.

Rajesh Kothari, Managing Director of AlfAccurate Advisors says Indian companies catering to the international markets like some pharma, auto ancillary and IT stocks will make a great buy as their valuations are very reasonable.

"We need to get the event (FOMC Meet) out of the way first before making any calls on the market for now," says Gujral.

The market ended higher today with Nifty closing 51 points higher at 8,221 and Sensex gaining 182 points with 26,697 points at the end of the day.

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First Published on Dec 13, 2016 03:41 pm
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