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SBI, Axis Bank and ICICI Bank are good bets in banking space, says Abhijit Chakraborty, Sr. VP - Institutional Equity, Fortune Equity Brokers.
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TCS is a top pick in IT space, says Abhijit Chakraborty, Sr. VP- Institutional Equity, Fortune Equity Brokers.
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Global and domestic uncertainties are putting pressure on the Indian market. Abhijit Chakraborty, senior VP-institutional equity of Fortune Equity Brokers says, market can definitely retest the lows of 4,600-4,700.
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In the last decade, investors had resorted to sell-in-May-and-go-away approach not once, but six times. This may not hold true this year; as it wasn't in few intermittent years, when market went up in the month of May.
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The Nifty is in the process of bottoming out, says Abhijit Chakraborty of Fortune Financial. "We can perhaps see a move back to 5,450 or 5,500 on the Nifty," he asserts.
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Today was a tough session that saw the Nifty lose its stronghold over the 5,500 mark. What is the outlook on the market now? Experts discuss.
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Abhijit Chakraborty of Fortune Equity Brokers has a downbeat view on our market. Yesterday's pullback wasn't a one-off correction, according to him.
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Abhijit Chakraborty, Sr VP - Institutional Equity of Fortune Equity Brokers is of the view that one can hold Tata Motors.
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Abhijit Chakraborty of Fortune Equity Brokers tells CNBC-TV18 that for the market to sustain the rally or move up further, it would require backing by corporate performance. “Here onwards, I wouldn’t ask anybody to make fresh purchases or chase the rally,” he says.
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Abhijit Chakraborty, Fortune Financial shares his view on banking space. He says the entire banking sector has come under pressure with renewed fears of asset quality deterioration.
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Experts have almost lost hope on the Indian market and feel any slight wrong move may be a risky bet. Abhijit Chakraborty of Fortune Financial feels that the market has little possibility to rebound but it is best not to play it now.
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Abhijit Chakraborty of Fortune Financial does not expect any significant up move in the market for the near-term. In fact, he feels that things will only deteriorate further before improving. Q3 earnings numbers would be one of the pressure points for the market, which will be severely under pressure.
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Abhijit Chakraborty, Sr. VP - Institutional Equity, Fortune Financial shares his view on infra space.
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Abhijit Chakraborty, Sr. VP - Institutional Equity, Fortune Financial shares his view on IT space.
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Abhijit Chakraborty, Sr. VP - Institutional Equity, Fortune Financial shares his view on Larsen and Toubro (L&T).
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TCS looks an attractive bet, says Abhijit Chakraborty, Sr. VP - Institutional Equity at Fortune Financial.
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Abhijit Chakraborty, Sr. VP - Institutional Equity at Fortune Financial feels investors should be cautious on IT space.
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Buy telecom stocks on dip, says Abhijit Chakraborty, Fortune Equity Brokers.
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Abhijit Chakraborty of Fortune Equity Brokers, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that policy reforms may help push the market up. "Value buying can be done at 5350- 5400 levels," added Chakraborty.
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Prefer private sector banks, says Abhijit Chakraborty, Fortune Financial.
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Expect bounce back in Nagarjuna, IVRCL Infra and Patel Engineering, says Abhijit Chakraborty, Fortune Financial.
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Abhijit Chakraborty, Fortune Financial, in an interview with CNBC-TV18’s Mitali Mukherjee and Sonia Shenoy, spoke about his reading of the market and his outlook.
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The market breathed a sigh of relief today after the crude prices eased a bit. Hopes of a resolution of the DMK-Congress standoff also added to the cheer. Experts feel that the market is resilient and the Nifty would trade in 5,200-5,600 range ahead.
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IT space to remain outperformer, says Abhijit Chakraborty, Fortune Financial.
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Buy Cairn India, says Abhijit Chakraborty, Fortune Financial.
