Tuesday, 12 January 2016

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The Indian market is expected to trade in a range on Tuesday tracking weak trend seen in other Asian markets. "The Nifty50 witnessed some selling pressure towards the closing of the trade and it ended with the loss of around 40 points levels. It has been making lower top - lower bottom formation, but now pace of selling seems to be lesser." 

Larsen & Toubro gains 1.6 pct; on way to snap their four-day selling streak.Heads towards biggest single day gain since Nov.27.Credit Suisse upgrades to "outperform" from "neutral" citing sustainable expectations, potential for positive surprise and reasonable valuations.Says positive surprise possible from railways, defense, power and real estate that have not contributed in FY16 so far, bottoming of execution, margin benefit from commodities decline and asset divestitures.Stock has 28 buy, 12 hold and 3 sell ratings.Manufacturers including L&T target orders from revived nuclear power push.

1 comment:

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