Friday, 22 January 2016

Live: Sensex Rallies on Sustained Buying, Rises 500 Points

The Sensex ended 473 points higher at 24,436 and Nifty rallied 146 points to close at 7,422 on the back of broad-based buying.

Ruchit Jain, equity technical analyst with Angel Broking, says that Nifty can go up to 7,470-7,530 levels till expiry and one should not go short at current levels.

Next couple of years look challenging for the telecom companies given disruption in technology and investors should consider on having nil weight on telecom companies, says Dipan Mehta, member of BSE and NSE.

Investors should focus on companies in banking and NBFC space which have high retail clients, says Dipan Mehta, member of BSE & NSE.

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