Still a stock specific market, say experts
Still a stock specific market, say experts
The market today rose for the second consecutive day with good earningslifting heavyweight stocks. The Nifty saw wild swings throughout the day but the index managed to hold on to 10,200 level with gain of 22 points. The Sensex ended with gains of 100-points to close at 32,607.34.
Amongst the broader markets, the midcaps gained three tenths of a percent. The star of today's trading session were the bank stocks, on expectations of bank recap announcement by Finance Minister. The Bank Nifty ended with gains of half a percent while PSU bank index rallied 3.8 percent.
So, to know the outlook for the market going forward and performance of the stocks that reported earningsor are expected to report, CNBC-TV18 spoke to market experts Ashwani Gujral of ashwanigujral.com, Mitessh Thakkar of mitesshthakkar.com, Ambareesh Baliga, Sanjiv Bhasin of IIFL and Sudip Bandopadhyay.
The stocks that reported earnings today were HDFC Bank, Zee Entertainment, Asian Paints, and Hindustan Zinc etc.
Thakkar says with the Nifty yet not going beyond 10,230 levels, the stock specific movement will continue.
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