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In the coming week, equities will take cues from quarterly earnings besides any domestic and global macro data.

Shankar Raman says: "​While there could be some anxiety around political outcomes, extreme outcomes seem unlikely. As such, if global conditions, especially on liquidity, remain stable, funds may be wary of the risk of sitting out (being in cash) rather than being invested. If so, they may not choose to take large cash calls ahead of the elections."

"Overall we expect markets to remain in a positive range. Stock-specific action will gather pace with the start of the earning season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

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Pramod Amthe says: “We have been very selective. The only IT stock which we are specifically putting in high conviction is Tech Mahindra which is the result of a management effort to turn around and normalize their profitability and bring back the sales growth post that in the next couple of quarters.”

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At the interbank foreign exchange, the domestic currency opened at 83.09, touched the level of 83.04 before trading at 83.06 against the greenback in initial deals, registering a rise of 9 paise from its previous close.

Buy Marico, target price Rs 660: Motilal Oswal

Updated at : 2024-01-08 10:20:02

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Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 67797.39 Crore) operating in FMCG sector.

Sachin Agarwal says: “The primary purpose for this fundraise was to take forward all our investments in the area of metal manufacturing and core technologies related to metal components and titanium, superalloys. With this fundraise, we have now almost reached a fully funded capability for all the projects, which are basically three projects.”

Foreign portfolio investors pumped in more than Rs 43,300 crore into the capital goods sector in 2023, and this was nearly six times higher than that in 2022, data by NSDL showed.

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