Market News With Expert Advice:
With the Indian equity market showed no signs of tiring, market expert says, there is still a huge amount of money coming into the market and so there is no other valuation parameter that can fight this. According to him, momentum chasers can continue investing but it is not advisable to put in fresh money at current levels. The Sensex and Nifty closed in the green with the latter recapturing 9,200 level again. The broader markets outperformed with the midcaps and Bank Nifty ending at record closing highs at 21,736.15. Expert says market looks positive with no signs of correction, especially with around 1000 stocks advancing to only 500 stocks declining. So, till Infosys and Reliance manage to hold, the market should be ready to move higher. Moreover, with Bank Nifty breaking to fresh highs, it usually means Nifty will follow suit.
Sectors That will be in focus(Expert Advice):