3:25 p.m.: Ashish Chaturmohta of Fortune Equity Brroking told NDTV that Nifty's expiry near 8,400 indicates a strong move for Nifty. 8,300-8,400 is good support zone for Nifty and Nifty can head towards 8,600 from here on
3:20 p.m.: Parag Thakkar, head of institutional sales with HDFC Securities told NDTV that one can buy IT stocks on dips. In a quarter or two things will start looking better, he added.
3:15 p.m.: The Sensex and Nifty have come off the intraday high levels on the back of selling in technology and FMCG stocks. The Sensex which touched high of 27,962 was up 135 points at 27,864 and the Nifty was up 35 points at 8,395.
2:50 p.m.: Mayuresh Joshi, fund manager at Angel Broking, says markets are fairly valued at current levels and suggests investors not to take aggressive positions. He likes private sector banks and IT companies from a medium-term perspective. His stock picks in the IT space: TCS, Infosys and HCL Tech.
2:43 p.m.: The markets continued to trade on a strong note ahead of derivative contracts expiry due later in the day. The Sensex advanced 202 points to 27,932 and the Nifty was up 52 points at 8,413 on the back of gains in blue-chip stocks such as HDFC, HDFC Bank, Larsen & Toubro and Reliance Industries.
