Cement and pharma sectors likely to be in limelight today

1. Bull market or bear market today?

Market is expected to be rangebound for the coming sessions, 11630 seen on the upside and 11470 on the downside.

2. Stocks likely to be in limelight today?

TCS will announce its quarterly earnings today, we can definitely expect the company to be in limelight tomorrow. Even after the quarterly estimates being decent, the stock is beaten down by more than 2.5% on intraday basis.

3. Sectors likely to impact market today?

Most of the cement stocks were trading in green in Tuesday's trading session, and also the Pharma index was the biggest gainer on Tuesday. Both sectors can do well today.

4. Your mid-term view?

From the short term point of view, maybe the market can continue to make corrections but in the medium term, it will be back to the market continuing to get equity inflows and as a result we will continue to see the interest coming back in the quality companies. 

5. What drove markets on Tuesday?

Benchmark indices closed volatile session on a mixed note after falling sharply in previous two straight sessions due to tax proposals in Budget.

Siddharth Sedani, Vice President - Equity Advisory, Anand Rathi Shares and Stock Brokers