Specialised small, midcap IT firms aren't far behind TCS and Infosys; Nifty50 may face resistance or profit booking near 8,000 level, say experts

ET Markets Daily Brief | Sat, Apr 23, 2016 | 04:51 PM IST Follow ET Markets

Small, midcap IT cos have an edge over biggies; stay invested for next 3 years: Hiren Ved, Alchemy Capital Management "The fun is going to be in the more specialised smaller companies or the midsized companies which are more tagged to end sectors that are growing faster." Long-term investors can buy RIL with a target of up to Rs 1,200 in next 1 year Investors already holding the Reliance stock should continue to hold it because it could well surpass the Rs 1,600 level, but that could take more than a year. Nifty50 may face resistance or profit booking near 8,000 level A Doji pattern is formed when the opening and the closing price of the index are almost equal. This can be seen after a significant uptrend or downtrend.

Interview One to One If Jio gets implemented this financial year, a full year of working for the company on a 10 crore customer base, coul... Deven Choksey, MD, KRChoksey Investment Managers

Advertorial 5 lesser known facts about tax benefits of health insurance Most financial planners suggest that the first step in any financial plan should be to ensure that one has adequate health insurance.

Market Watch 23 Apr | 04:51PM| SENSEX NIFTY USD/INR GOLD 25838.14 ↓-42.24 7899.30 ↓-12.75 66.48 ↑0.09 29016.00 ↓-341.00

Gainers Losers 23 Apr, 2016, 04:51PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Alchemist Ltd. 26.10 20.00 29363 26.10 21.90 Lesha Industries Ltd. 4.50 18.42 5600 4.50 3.20 Ankit Metal & Power Ltd. 1.94 18.29 346987 1.96 1.67

Tweet of the day... Signs of lower crop in India, global cues may sustain cotton price rally

FROM THE NEWSPAPER

Oil rally, dollar drop triggered risk-on trade: CLSA's Christopher Wood Crude oil rally has caused dramatic decline in yields in the most distressed part of credit markets, namely high-yield energy bonds. Bulls feeling the heat! Market likely to pause after the sprint There seems to be a near-term hurdle for the bulls because the mkt ran up quickly in the short term and, therefore, it is likely that a correction would set in. Reliance core biz throwing cash for future projects; petrochem capex is over: Sushil Choksey, Indus Equity Advisors Would look at PBDIT number as well as the direction from other businesses specifically which are under operation and what commentary comes out of Jio would be a added bonus. Sensex positive for second week, surges 211 points; macros cheer A cooling inflation and forecast of an above-normal monsoon this year, boosted market sentiment. Once India's richest state, Punjab now tops Raghuram Rajan's borrowers list Punjab now seems to be caught in a chronic liquidity crisis with the state government emerging as one of the largest borrowers of the RBI's temporary lending facility .

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