Nifty btst book on Time
Indian markets are expected to trade in a narrow band for most of the day, as investors are likely to be cautious at higher levels. The mood is positive in the markets, especially after the kind of strength we have seen yesterday in Mumbai markets.We might see the Sensex trading in a band of 100 points for the day
As expected IT was an out performer with the sectoral index gaining more than 3.84 percent.TCS, Infosys and Wipro were major gainers with TCS gaining more than 5 percent for the day. Metals counters bounced back on some short covering with Hindalco and Tata Steel taking the honors among the Metal counters.
Investors should focus on Midcap counters like Excel Infoways, Finolex Cables, Sterlite Technologies and GTL Infra.Other Midcaps like Samtel Color, Sonata Software and D-Link look explosive after a big move yesterday