Existing investors should not make any drastic changes in their portfolio at the onset of elections, say experts.
While discretionary spend by global enterprises is likely to negatively impact all Indian IT firms, more revenues from products and less exposure to financial services segment are likely to lessen the impact for HCL Technologies and Tech Mahindra.
Auto firms are likely to perform better in coming months.
Shares of IT giant Infosys erased early gains and ended with a loss of nearly one per cent on the NSE today on profit-booking after the company named former SAP executive board member Vishal Sikka as its new CEO.
The 80:20 rule mandates importers to channel at least 20% of the import quantity for jewellery exports.
Consolidation is the prime mood of the Indian equity market at the moment.
FIIs are looking at the long-term story and initiatives of Indian pharma companies to transform themselves into global entities.
A bonus is given to existing stockholders in proportion to the number of shares they already hold.
Sell it to the company's shares during the next year.
Banking and real estate stocks rise up to 5% on further rate-cut hope.
Markets climb higher tracking global cues.
Investors remain cautious ahead of F&O expiry.
