Bulls have taken a charge over Dalal Street today as short covering and value buying in banks & index heavyweights drove equity benchmarks nearly 1 percent higher. Asian markets also extended gains in their afternoon trade.
In the short term, Emkay's Dhananjay Sinha says he is bullish on companies that will benefit from a depreciating rupee. Also, he feels interest rates are likely to harden and says banks could benefit from better margins. Lastly, he is bullish on companies which are a play on urban consumption
Note: Any changes made to your Portfolio today will be effective only in the next day's Networth mailer.
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