Thursday, October 25, 2007

Markets lacks lusutre !

The market is still pretty quiet. The Sensex is currently at 18,609, up 97 points and Nifty is 5512, up 16 points from the previous close. All BSE sectoral indices, except FMCG and Healthcare, are trading in the positive zone. Market breadth is positive, with 766 advances against 348 declines on the NSE.

The market is in a period of consolidation, says Nilesh Shah of Envision Capital, on NDTV Profit. Do not rush into the market with large funds, instead buy on dips, he suggests. So, keep cash ready, he adds. He likes the real estate and infrastructure sectors, especially the niche space of infrastructure management.

SEBI should let some amount of 'anonymity' to stay, says Paul Schulte, Cheif Equity Strategist, Lefman Brothers, on NDTV Profit, regarding the market regulator's P-Notes proposals. P-Notes proposals would be harsh on hedge funds with few investors, he adds. He says SEBI should introduce more equity investment products.

The P-Notes issue might create some short term pressure, but if you hold stocks that are domestic plays, then there is not much to worry, says a market expert on CNBC Awaaz. An investor's focus should be on stock selection, keeping the valuations in mind, he says. Domestic sectors like engineering, manufacturing, telecom, infrastructure are safe bets, he adds.

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