India has taken a sensible approach in managing capital flows, says Fraser Howie of CLSA, on CNBC-TV18. The PN curb may see short term slowdown in flows, but is good for the long term, he says. In fact, investors are still interested in India, despite PN issues, he adds.
The Sensex is up 736 points from the previous close, at 19,771. Nifty is at 5901, up 206 points. Metals, capital goods, oil & gas and banking stocks continue to be market leaders. But the breadth has weakened slightly, with 989 advances against 204 declines on the NSE.
If Dish TV can cross Rs 75-76, then one will see a new momentum in the counter, says Simi Bhaumik, technical analyst, on Zee Business. Once it crosses this level, it can go up to Rs 85-90, she adds. One can also enter the stock at current or slightly lower levels from here, keeping a stoploss of Rs 55-56, she says.
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