Markets to remain range-bound for the next two quarters: Pradeep Gupta
Earnings are expected to pick up from March 2016
Pradeep Gupta Mumbai Markets will be in a range for the next two quarters given the lack of earnings growth. Earnings are expected to pick up from Mar '16; which will lead to a gradual pick up in the broad market.
Nifty could reach upto its previous peak of 9100 by Mar'16 and possibly move up on favourable macro conditions, says Pradeep Gupta, co-founder & vice chairman, Anand Rathi Financial Services
Recommended Sectors till Next Samvat:
Auto, Select private banks and NBFCs, Select Pharma are expected to do well.
Sectors which are exposed globally could face headwinds. Global commodity sectors like metals, chemicals can be avoided. High debt sectors like infra [select companies] can also be avoided.