Stock Market Highlights | Closing Bell: Sensex closes over 700 with all sectors green, Nifty closes near 17,700

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Market Watch: Prakash Diwan Market Expert on Auto Stocks

“Keep being positive about it but if he would buy Ashok Leyland or Tata Motors not yet because the delta is going to be a lot more promising on the passenger side and from that perspective Maruti is ripe for a turnaround at all moment and within 6 months you will see a significant change in the trajectory of the business.

Market Watch: Anshul Saigal, Director and EVP of Kotak PMS on Energy Stocks

If these are bets, which are more opportunistic in nature, I wouldn’t buy them as secular bets in the long run. Obviously these pockets were very reasonably priced until recently and to that extent the valuation discount is being corrected. But if you asked me that, should I buy this space for the next three, five years because it’s a centuries-old growth story. I would not be in this camp. I would much rather buy growth. I believe there are pockets in the country where growth is still not priced in, even though in the broader markets valuations are thought to be expensive, but still there are pockets where the growth that we’re going to see over the next three…five years is certainly not factored in and therefore I would be in this space a lot more than power because I don’t see this as some kind of history secular uptrend.

Market watch: Dipan Mehta Director, Elixir Equities on Reliance Industries

“What we’re seeing in Reliance Industries are pre-earnings buying going on and maybe some trade positions are being built up in anticipation of a really good set of numbers that could materialize. I think Reliance will be firing on all cylinders this time around. Somehow the stock has been in a sideways move for several months and perhaps this current result could take a breakout to the upside. It is therefore an excellent short-term trading opportunity.

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