The Nifty closed on a low note today after news came yesterday about India’s new tax treaty with Mauritius. The index fell half a percent and closed at 7848.85.
Mauritius treaty will level the playing field and it will benefit the serious foreign institutional investors (FIIs) looking to invest in India, says market expert Ambareesh Baliga.
India is not completely dependent on FIIs like it was a few years ago, he added.
Phani Sekhar of Karvy Stock Broking sees consumption based stocks to perform better on the back of the pay commission and suggests investors to use this dip in the market to buy more in the consumption sector.
Giving an outlook for market this year, market expert Sudarshan Sukhani sees the indices ending on a high note by the end of 2016 compared to the present level and says that he is a buyer at Nifty on every dip.More to follow.
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