Old Economy Prop On Cards

Old Economy stocks are poised to sustain a rally and may change the bearish mood of the bourses. Since last week, the scenario seems to be dampening progressively in absence of operators and foreign institutional investors.

Overall, the sentiment is narrow since last week. The so-called bull operators seem to have exited leaving investors in a lurch.

With normal monsoons forecast for the 13th year in a row, there emerges a ray of hope. Cement and fast moving consumer goods (FMCG) sector look good for buying at current levels. ICE (information technology, communication and entertainment) shares may not return to their past glory for another 6 months. But till Sensex