Benchmarks continue firm trade, TECK, Infra lead FOR 11 March Indian Market
Indian equity markets continued their firm trade in the late
afternoon session on account of buying in frontline blue chip counters taking
cues from European counterparts. Investors have started taking cautious
approach ahead of the release of February CPI and January IIP data, which is scheduled
to be released on Thursday. Traders were seen piling positions in TECK, Infra
and Power stocks while selling was witnessed in Metal, Realty and Consumer
Durables sector stocks. In scrip specific development, Jubilant Life Sciences
was trading in green after a foreign brokerage firm retained a buy rating on
the stock stating that the valuations of the stock are attractive, given
expectations of improvement in EBITDA margins and free cash flows.