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Below are Views On Indian shares opened on an upbeat note on Friday By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd

Indian shares opened on an upbeat note on Friday, tracking positive global cues and ahead of the RBI's monetary policy outcome. By the end of the day Nifty closed marginally on a positive note. Nifty Midcap 100 corrected by 1.1%.  IT Shares corrected after Cognizant reported a 2.3 percent year-on-year decline in revenue for the December quarter. Stove Kraft listed at ~21% premium over the issue price. Zee Entertainment plunged 13 percent after reporting earnings in Q3 FY21. Global cues were supportive: Dow Futures and Nasdaq futures were up by 0.4% each, whereas FTSE was flat. We expect the market to continue with its bull run to hit fresh high, although we  expect some correction after each rally. We advise investors to use correction in the market as an opportunity to buy.

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