Atul Suri said he expects a period of sectoral churns in the Indian stock market, as leadership themes change. The trends that had been dominant in the past 2-3 years are slowing down, Suri added.
Enough evidence suggesting that the 4,700 levels is a possibility, said Anil Manghnani of Modern Shares & Stock Brokers. But, he remains more concerned about the stocks rather than the index front. Moreover, he suggested buying Yes Bank from a trading point of view, but seemed worried about Axis Bank, ICICI Bank and State Bank of India.