Domestic equities were volatile on Tuesday tracking weakness in Asian markets and stretched valuations back home. The headline S&P BSE Sensex was down 120 points at 55,450 levels while the Nifty50 index lost 45 points but held 16,500 mark. Both the indices hit new all-time highs of 55,688.5 and 16,591 levels, respectively. Rahul Shah of Motilal Oswal Financial Services spoke to Money9 on the way forward for the markets ahead.
“Large-caps are now leading the rally and broader markets are seeing profit booking and because the midcap sector looks over-heated, there could be more sell-off. Money moving to primary markets, disappointing earnings in broader space and over-valuations are all big worries for the markets currently”
Zensar Technologies| Buy | Target: 560 | Duration: 6 months
Hindalco | Buy | Target: 550 | Duration: 6 months
Loan Against Mutual Funds Vs Redemption!
What things you need to keep in mind before before taking Gold Loan?
Is your income tax verification notice real?
Why did the government succumb to pesky calls?