Ajit Mishra of Religare Broking is positive on ITC with a target price of Rs 242.
Markets in mainland China, Japan and South Korea are closed on Monday for holidays.
The constitution of a ‘Bad Bank’ in our view is a positive development as the focus remains on the faster resolution of stressed assets
Experts share insights on whether the markets will sustain the rally beyond the new highs or will they head for correction.
The Nifty Private Bank index and Nifty PSU Bank index surged by around 5% last week.
Broader markets have also been performing well, with small caps outperforming in large margins and mid caps outperforming the blue chip stocks
Gurmeet Chadha, co-founder, Complete Circle Consultants, says investors should be selective as this is not the time to chase momentum.
Traders should refrain from taking aggressive bets owing to the probability of unanticipated whipsaw movements.
Cabinet approval for production linked incentives (PLI) for auto sector and relief measures for telecom sector boosted sentiments.
Market participants will be also be eyeing the foreign exchange reserves data to be announced on September 24.