There is Bullish on IT services sectors and the companies in the sector are expected to deliver earnings growth of at least 15 per cent in FY017. They will also benefit from the rupee depreciation.
Trading was halted in China markets after the benchmark Shanghai Composite index sank about 7 per cent on Monday, leading to a sell-off across the Asian region. China had banned shareholders with holdings of more than 5 per cent in a company from selling shares in July as part of efforts to stem a rout that wiped trillions off market capitalisations.
For today Prefer IT, Private Bank, Auto Stocks Told by Kinjal
BUY HUL near 867-865, Maintain stop below 862 or below 859, tgts 872, 875 and 879.