The theme for the CIO panel is: Where to find alpha: Simmering economy, sizzling small-caps, stretched valuations.3 data points that set the stage for CIO panel at Moneycontrol MF Summit
The theme for the CIO panel is: Where to find alpha: Simmering economy, sizzling small-caps, stretched valuations.
Except for PSU Bank, all other sectoral indices ended in the green with auto, FMCG, metal, pharma, power, oil gas and realty up 0.5-1 percent
Sectorally, Nifty Auto index was the top gainer with Maruti Suzuki, Tata Motors, MM, Bajaj Auto and Eicher Motors shares up to half a percent.
Coal India, Bharti Airtel, Adani Ports, Hindalco Industries and Adani Enterprises were among the top gainers on the Nifty
On the technical front, the Nifty faces a crucial resistance at 19,800 as a decisive surpassing of the level can trigger further upside.