Stock Market Live Updates: Sensex flat, Nifty around 15,750; banks drag, energy gains

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Market Watch: Deven Choksey of KRChoksey

 

 

On IT stocks

Sector rotation will continue. Infosys, TCS among the largecap, the midcap companies like Happiest Minds, Cyient and Tata Elxsi remain among the favourites.

On Banks

 

The situation is better for most of the banks, their books are clean, they haven’t gone into aggressive lending either in recent past and as a result of which the collection is also likely to happen much faster. State Bank of India (SBI) is the largest bank, you cannot avoid this bank, and that could remain in top picks. Bank of Baroda (BoB) is showing good amount of promises so certainly that could follow next.

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