Market rally might not sustain on profit booking: Nipun Mehta
Nipun Mehta, Market Expert and Nitin Raheja, Director – PMS at SATCO Securities & Financial Services discussed stock market performance and outlook. According to Nipun Mehta, the market rally will not sustain as there will be profit booking with another 3-4 per cent rally while earnings will be stronger in the cement sector due to pricing power. He further expects telecom leaders to get stronger while private players will dominate the banking sector.
