Following up with yesterday’s rally, the market rose in today’s trading session too, giving hope to bulls that Nifty might touch the 8000 mark by the end of the April session.
Market expert Parag Thakkar says that this rally is on the back of a good monsoon forecast and has benefitted the FMCG industry but gains have not been compelling enough to be overweight on the sector.
Monsoons are expected to be 105 percent above long-term average as per a statement released by Skymet on Monday.
The market rally depends on the upcoming fourth quarter results, as good results from a few companies can carry this rally forward, says market expert Ashwani Gujral.He suggests to keep a buy on dips philosophy for this month and hopes Nifty to touch 8000 by the end of this month.Watch video for more.
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