The market breadth was in favour of the advances on Thursday afternoon with 1114 stocks advancing as against 535 declines while 352 remained unchanged. On the other hand, 1742 stocks advanced and 886 stocks declined while 111 remained unchanged on the BSE.
Investors are now finding their comfort in the small and midcap space. But, now every stock which more than doubled in the last one year is a safe bet.
The Nifty is likely to open in the green with indicator SGX Nifty trading at 7996.50, up 17 points. But all eyes will be on the Reserve Bank policy expected later in the day
Market experts advise going short on the Nifty till 6100-levels and suggest bets on Maruti and Mahindra and Mahindra