Moneycontrol
Last Updated : Jan 12, 2018 04:26 PM IST | Source: CNBC-TV18

Nifty, Bank Nifty may stay range bound; like midcap IT names: Experts

With the Q3 earnings starting with largecap IT names, Prashanth Prabhakaran of YES Securities said they still like the middle level IT names like Persistent Systems.

CNBC TV18 @moneycontrolcom

The market recovered from mid-session lows to close at record highs. Financials and energy stocks lead the upmove, while FMCG and Pharma dragged.

The 30-share BSE Sensex was up 88.90 points at 34,592.39 and the 50-share NSE Nifty gained 30.10 points at 10,681.30, but Midcap index underperformed.

Ashwani Gujral ashwanigujral.com said the Nifty and Bank Nifty is expected to remain range bound, while the midcap rally may continue.

Other fundamental and technical market experts, SP Tulsian of sptulsian.com, Mitessh Thakkar of mitesshthakkar.com, Dipan Mehta Member, BSE & NSE and Prasanth Prabhakaran, Senior President & CEO, YES Securities shared their views on specific stocks and sectors.

With the Q3 earnings starting with largecap IT names, Prabhakaran said they still like the middle level IT names for example Persistent Systems.

Two stocks, Prabhakaran is upbeat on Godrej Agovet and Cochin Shipyard.
First Published on Jan 12, 2018 04:21 pm
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