Sensex gained 20 points or 0.12% at 16,731 while, Nifty gained 10 points to shut shop at 4,976. The BSE Sensex gained 30 points or 0.2% at 16,741 after touching a high of 16,765 and a low of 16,610. The index opened at 16,650 against the previous close of 16,711. The NSE Nifty gained 10 …
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BUY OR SELL: Indian defensives to ride out rain woes?
Posted on: August 24th 2009 in Stock Views.
MUMBAI: Poor rainfall in India has prompted brokerages to pick monsoon-proof stocks over perennial defensive favourite Hindustan Unilever, seen hurt by lower rural incomes and spending. Brokerages favour retail stocks such as ITC Ltd and Nestle India, which are less exposed to rural ma…
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