The Federal Reserve's 'Operation Twist', where Fed will be buying USD 400 bn of long-term Treasury bonds by June 2012 and selling shorter-term debts, brought mayhem to the Dalal Street.
Talking about sectors that take such times on the chin, SP Tulsian of sptulsian.com says sugar is one such space that is unlikely to see any fundamental bullishness. "One can take a range of anywhere between Rs 58 and Rs 64-65 for sugar stocks," he says, adding that the sector is dancing to the tunes of the global volatility. However, he sees no fundamental concern for Reliance Communication at this time. He held that the company's tower business deal can move shares to about Rs 90 to Rs 92. Below is an edited transcript of SP TulsianDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
