Benchmark indices maintained positive momentum in noon trade on hopes of stable or better-than-expected earnings for the quarter ended December 2016. IndusInd Bank started earnings season yesterday, showing higher-than-expected profit and NII growth with slight weakness in asset quality.
The worst is getting over believes Vibhav Kapoor of IL&FS who expects Nifty to touch 9000 level in March 2017. He said a 17-18 percent increase in Nifty can be seen in the third quarter as banks and metal stocks will perform better.
Note: Any changes made to your Portfolio today will be effective only in the next day's Networth mailer.
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