The fourth quarter earnings will begin from Friday. In an interview to CNBC-TV18, Varatharajan Sivasankaran of ICICI Securities outlined his expectations from stocks across various sectors.
After the Sensex breached the psychological resistance of 20,000 on Tuesday and the Nifty found support around 6050, the bulls seem to be on the driving seat.
Varatharajan Sivasankaran, VP-Research of Indiabulls Securities, in an interview with CNBC-TV18's Sonia Shenoy and Anuj Singhal, gave his perspective on the hurdles oil explorators may face in the wake of upstream subsidy burden.
Varatharajan Sivasankaran, VP-Research, Indiabulls Securities has revised his target price for RIL up to Rs 1,225 from Rs 1,145 earlier. “If somebody playing it for a longer period of time, you should be looking at a target of Rs 1,300,” he adds.