Taking Stock: Market expert Jai Bala positive on Ajanta Pharma and ABFRL
The market gained in line with global peers on Friday following the Fed's 25 basis rate hike. A broad-based rally saw 45 of the 50 nifty stocks end higher. For the week, Nifty and Sensex soared 4 percent with the Nifty Bank outperforming. In an interview to CNBC-TV18, Mihir Vora, Director and CIO at Max Life Insurance, and Jai Bala, CMT of Cashthechaos.Com shared their reading and outlook on specific stocks, sectors and markets.
The market gained in line with global peers on Friday following the Fed's 25 basis rate hike. A broad-based rally saw 45 of the 50 nifty stocks end higher. For the week, Nifty and Sensex soared 4 percent with the Nifty Bank outperforming.
Read Here: US Fed rate hike: Market watchers say hawkish stance may see flows move out to other markets
In an interview to CNBC-TV18, Mihir Vora, Director and CIO at Max Life Insurance, and Jai Bala, CMT of Cashthechaos.Com shared their reading and outlook on specific stocks, sectors and markets.
Jai Bala spoke at length about Ajanta Pharma, and Aditya Birla Fashion and Retail (ABFRL).
Watch the accompanying video for more.
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Prajwal Revanna's father in custody for alleged kidnapping and sexual abuse
May 4, 2024 7:53 PM
Delhi, Indore, Surat and Banswara — why these are the most challenging domains for Congress internally
May 4, 2024 1:53 PM
Congress nominee from Puri Lok Sabha seat withdraws, citing no funds from party
May 4, 2024 12:00 PM
Lok Sabha Polls '24 | Rahul Gandhi in Rae Bareli, why not Amethi
May 4, 2024 9:43 AM