The market continued its upward journey in the wake of higher #FII - TopicsExpress



          

The market continued its upward journey in the wake of higher #FII inflows, stable rupee, lower current account deficit (CAD) figures and a positive sentiment. This has enabled the #Nifty to touch lifetime high of 6548.75 before closing at 6537.25. The #rupee also touched seven month high of 60.84. The maximum contribution came from banking sector which surged ahead. Top gainers were #Maruti, M&M and #LarsenandToubro. Top losers were #TCS, #TataMotors and #SunPharma. We expect market to consolidate between a range of 6400 and 6700 pre-election. There could be spurts of profit booking which would give opportunities to enter at lower levels and participate in the rally. In the mid cap sector one can see opportunities in the #infra, #auto ancillaries and #banking for medium to long term. Stocks like #Bharatforge, #Mothersons, #Amararaja batteries and #IRBinfra should give good upside.
Posted on: Tue, 11 Mar 2014 05:00:34 +0000

Trending Topics



Recently Viewed Topics




© 2015