Nifty likely to touch 9000 earlier than expected: Experts

The market ended January series on a high note with Nifty closing at 8600, up 1.5 percent while the Sensex shot up 330 points. The main outperformer was Bank Nifty, which gained over two percent in trade today. Nifty could reach 9000 sooner than expected, said Ashwani Gujral of ashwanigujral.com. Stocks under demonetisation blue, in sectors like NBFCs and media, have come out and are likely to outperform. The rally today reflects participation of domestic investors as well as support from the global market, said Nilesh Shah of Kotak Mahindra Bank AMC.SP Tulsian of sptulsian.com is positive on the market till Budget next week. Nifty could see a 150 points hike to around 8700-8750, he said. Tulsian and Gujral both are positive on public sector banks. Watch videos for more...