In their latest strategy report, analysts at IIFL Capital Services note the improving macro environment in India, but remain cautious about the global economy. They have removed Infosys, Cummins India and Ashok Leyland from their top picks and added Crompton Consumer and Macrotech Developers.
The key equity indices traded with modest gains in the morning trade. The Nifty hovered above the 17,650 mark. PSU bank, consumer durables and realty shares were in demand while pharma, IT and healthcare stocks corrected. At 10:27 IST, the barometer index, the S&P BSE Sensex, was up 282.88 points or 0.48% to 59,368.31. The Nifty 50 index gained 80.45 points or 0.46% to 17,685.40. […]
The MoU also provides for the development of RE Park & projects in the identified areas.
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