Sanjiv Bhasin, executive vice president, markets & corporate affairs at IIFL is relatively bullish on markets. The Nifty will move up near 8,081 and then stabilise in second half of September, once the US Federal Reserve takes a decision on interest rates, he added
Stock Talk
Tata Steel, Jindal Steel: Hold them for a year or longer because that is where you'll really make money. Further decline in these two stocks should be an opportunity to buy.
Reliance Communications: At Rs 52- 54 levels, it is relatively one of the cheaper stocks in telecom. Spectrum trading becomes one of the biggest plus points for the company now. The sale of RCom's tower business is on the anvil, which will reduce debt and the stock will become a very good play. It's a high beta stock, but look for levels close to Rs 80-85 on this in the next 3 months.
NBCC is the best beneficiary of the quasi construction/ redevelopment projects in Tier 2 and Tier 3 cities.
HDFC: It is a premium housing stock which has given very good entry points at the levels of 1100-1150.
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