Tuesday's blast will not impact the INVESTORS & FII confidence

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MP Guru





Tuesday's blast (July 11) did not impact the market that negatively, with the Sensex opening 9 points down. Infosys results, which were above the street expectations is expected to set the direction of the market. Analysts advice investors not go sector specific but to look at stocks individually.



According to them, frontline stocks should constitute 75% of one's portfolio at this point in time, with them betting on fundamentals values like Reliance, Glenmark Pharma, Bajaj Auto. Information Technology seems to be their favorite sector with value stocks like Infosys, TCS, Wipro and Satyam.



SP Tulsian, Investment Advisor



Local sentiments and Infosys results should help in controlling the damage. Damage should not be as much as it was expected. Frontline stocks are good picks at this point in time. Around 75% of your portfolio should have in frontline stocks.



Sumeet Rohra, Antique Stock Broking



Technology as a sector and Reliance look exciting. You can buy them when Sensex falls to 10450. Overall market sentiment will be decent. These are one-off events that keep happening. Market outlook is positive because Infosys guidance was good. Market was looking for a direction and it came from Infosys results. Markets will pick up.



Deven Choksey, KR Choksey



Tuesday's blast will not impact the FII confidence. This is not something that is happening only in Mumbai, it is also happening in US, London. It should not be a cause of concern. IT results will drive the markets positively. IT stocks have been looking interesting with stocks like Infosys, TCS, Wpiro, Satyam. Don't go by sector, but go by stocks; stocks like Reliance, Glenmark Pharma and Bajaj Auto.

 
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