Rajesh Kothari, Managing Director of AlfAccurate Advisors says Indian companies catering to the international markets like some pharma, auto ancillary and IT stocks will make a great buy as their valuations are very reasonable.
Nomura India has a constructive view on the Indian rupee and expects it to outperform other emerging markets in the medium-term perspective, says Rates Strategist Vivek Rajpal. The rupee opened at 68.75 to a dollar in trade today.
For the week, the Sensex gained 1.6 percent and Nifty rallied 1.7 percent following stability in global peers (especially in China) after sharp slide in previous two consecutive weeks.