Benchmark indices gained strength amid volatility in noon trade with the Nifty inching towards 8450 level, supported by oil & gas, PSU banks and telecom stocks.
Prevailing conditions arenât conducive for a big rally in the markets in the short term, Saurabh Mukherjea told CNBC-TV18. The brokerage house had in November scrapped its FY17 Sensex target of 29,500 in view of the governmentâs demonetisation drive. Ambit Capitalâs FY18 Sensex target stands at 29,000.
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