DIWALI CHEER: ADVICE FOR LONG-TERM INVESTORS

The market is celebrating Diwali with SOME BOASTING . The Sensex is up 233.40 points or 0.9 percent at 26809.05, and the Nifty is up 61.70 points or 0.78% at 7989.80.

The Indian rupee has opened at 61.15 a dollar, up 16 paise compared to previous day’s closing value of 61.31 per dollar on hopes of strong trade in equity market.

Long-term advice- Larsen and Toubro is a buy on dip stock because you will have to see how hydrocarbon business of Middle East pans out (because last quarter it was a shocker). Let us wait and see but from a longer-term perspective like State Bank of India , L&T remains in a core portfolio stock because if the entire infrastructure build out story happens, L&T will be the major beneficiary.

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