Sensex, Nifty close to lifetime highs; liquidity helping mkt:Pro

The Nifty and Sensex are very close to their all-time highs and so are some stocks. While many heavyweights still need to move up, various sectors like banks are already upwards on back of positive cues, says Pashupati Advani of Global Foray. “Global liquidity is ripe right now,” he says adding that small amount coming into India is pushing up the market. India, however, is placed at much higher premium that other emerging markets. A sector that Advani is bearish on is IT. While the companies are trying to change business models to adapt to changes, it is yet to be done, he says. Watch video for more..