Indian Markets to be in a range for next 2 quarters

Mr. Pradeep Gupta(Co Founder & Vice Chairman - AnandRathi Financial Services) on Samvat Trading:

The Indian Market will be in a range for the next two quarters given the lack of earnings growth. Earnings are expected to pick up from Mar '16; which will lead to a gradual pick up in the broad market. Nifty could reach upto its previous peak of 9100 by Mar'16 and possibly move up on favourable macro conditions.

Recommended Sector till Next Samvat

Auto, Select private banks and NBFCs, Select Pharma are expected to do well.

Sectors should be avoided?

Sectors which are exposed globally could face headwinds. Global commodity sectors like metals, chemicals can be avoided. High debt sectors like infra [select companies] can also be avoided.

Source : Equity Bulls

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