Below are Views On After a tepid opening, the bulls were back in charge led by positive global cues By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
After a tepid opening, the bulls were back in charge led by positive global cues and healthy buying interest in banking stocks. The Nifty index ended with healthy gains of 0.6% at 14,563 levels. The broader markets too ended with decent gains of 0.4% and 0.3% respectively. On the sector front, Telecom, Auto and Oil & Gas were the top gainers whereas Consumer Durables and Healthcare ended with losses.
Markets will react to the macroeconomic data (IIP & CPI) in early trade on Wednesday. Further, earnings announcements from select IT majors such as Infosys and Wipro would also remain on the participants’ radar. We advise participants to align their positions according to the trend but strictly avoid overleveraging at current levels.
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