Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 ended a volatile session on Tuesday sharply lower, dragged by losses across sectors.
In an interaction with CNBC-TV18, he says he remains overweight on IT stocks citing strong hiring and revenue visibility.
Deepak Jasani, Head-Retail Research at HDFC Securities, is positive on spaces such as commodities, metals and oil & gas.
Tata Consultancy Services shares left with a cut of Rs 19 or half a percent at Rs 3,509.5 apiece.
And if you don’t have it in your portfolio, these corrective movements are great times to buy into HDFC Bank,” he says.
Inflationary pressures are building up in India and other developing Asian markets, he says.
I mean that is all I can say that there are leverages that we gain by working together, and we have worked together in the past also on the specific deals and that will continue,” he says.
Kush Bohra of kushbohra.com points out that indicators are looking neutral to positive for Coal India shares, which have had a stupendous run in the last few months.
For a short-term trader, one will have to stay away from IT stocks but for anyone looking for investing ideas, a dip in IT stocks, whether it is Mindtree or Infosys, is worth buying into.
Glenmark Life Sciences shares edge higher in late morning deals, having moved within a range of Rs 485.8-494.2 apiece during the session so far.
Glenmark Life Sciences CEO Yasir Rawjee told CNBC TV-18 in March that the company expected its margin to come down by 2-3 percent due to raw material pressure, and could not pass on the prices to its customers.
Mindtree shares drop as much as 2.6 percent to Rs 3,858 in a U-turn after rising to as high as Rs 4,080 in early deals.
A current account deficit occurs when the total value of goods and services a country imports exceeds the value of goods and services it exports.