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Experts are of the view that a repeat of 2020 or what happened in March might not be possible but some consolidation cannot be ruled out.
Positive global cues and a fall in inflation helped the sentiment. After strong results from TCS, Wipro and Infosys, all eyes will be on HCL Technologies which will come out with its December quarter numbers on Friday.
Stocks like Infosys pared gains after hitting a fresh 52-week high, Wipro rose more than 2 percent on Tuesday, and Tata Motors rallied over 8 percent.
DAILY VOICE | New investors would be better off investing in good companies or a MF rather than trading: Atul Bhole of DSP Investment The real concern for markets in 2021 to my mind is actually the market factoring too much and too fast from the current levels too. In that case, the risk of having bigger drawdowns obviously increases later on, says Bhole. January 13, 2021 / 08:33 AM IST Atul Bhole, SVP - Investments at DSP Investment Managers, has over 10 years of experience in capital markets. He is of the view that new investors would be better off investing in good quality and growin...
Several large private banks have witnessed a sharp rebound post their 2QFY21 earnings and their valuation appears to be rich, while many small private banks are still trading below their average multiples.