The ongoing rally continued today as well with Nifty inching close to the 8000 mark and closed at 7914.
Major contributor for today’s rally was Infosys which saw a 5.63 percent jump and closed at Rs 1238.70 per stock.
Anand Shah, CIO at BNP Paribas MF said that India is resilient to global volatility and monetary stimulus along with steady monsoon will prove to be a big positive for the market.
He further sees household demand to pick up on back of good monsoon which will benefit the cement sector.
Having a positive outlook on the sugar sector, market expert SP Tulsian expects companies to report record profits for Q4FY16.
He expects this rally to continue and is sticking to 8100 for the Nifty future.More to follow..
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