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May be in a period where markets can get a little choppy: Vaibhav Sanghavi
"Clearly post Fed meet, we've slightly increased our net positions but that doesn't mean that we have gone to our previous averages, but we've definitely turned out to be more constructive," says Vaibhav Sanghavi, CO – Chief Executive Officer at Avendus Capital Alternate Strategies. "We do think that this kind of round of anticipation of decrease in inflation, Fed pivoting would also accompany with the downgrades of earnings globally as well. So, we may be in a period where markets can get a little choppy, but at the same time the preference on the sectors would be those kinds of sectors which will give you relative safety, especially on the earnings front. So, that is something which we are looking for," Sanghavi adds.
Sensex and Nifty end higher
-- Financials a major support to market with PSU Banks being top gainers
-- Apollo hosps is top nifty gainer as brokerages turn positive post earnings, stock up three percent
-- Select metal stocks see a buying, JSW Steel closes with a gain of over two percent
-- Fertiliser names surge on reports of higher subsidy in budget, GNFC up five percent, RCF up 11 percent
-- Siemens close with cuts but off opening lows after a mixed set of earnings
-- Indigo rises four percent following October aviation data, brokerages expect strong quarter
-- NBCC is top midcap gainer with huge volumes, stock up more than 11 percent
-- Adani Enterprises slips nearly four percent as company plans fund raising, Adani Ports slips too
-- Market breadth favours advances, advance-decline ratio at 4:3
Renault group picks KPIT Tech as strategic partner for software-defined vehicle program
KPIT Technologies Ltd has announced that Renault Group has selected it as a strategic partner for next-generation Software-Defined Vehicle (SDV) programs. (Read more)
Buy NBCC, Apollo Hospitals: Rahul Sharma
Here are two recommendations by Rahul Sharma of Equity99 Advisors:
-- Buy NBCC for a target of Rs 45 and Rs 48 with a stop loss at Rs 37
-- Buy Apollo Hospitals for a target of Rs 4,700 with a stop loss at Rs 4,440
Buy JSW Steel, MCX: Aditya Agarwala
Here are two recommendations by Aditya Agarwala of Invest4edu:
-- Buy JSW Steel for a target of Rs 740 with a stop loss at Rs 701
-- Buy MCX for a target of Rs 1,600 with a stop loss at Rs 1,510
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