All NSE sectoral indices were trading higher except Nifty FMCG which was dragged by Tata Consumer Products. Nifty media led the gains, rising over 1 percent.
Shilpa Rout recommends Coal India and SRF in the chemical sector. Nifty s key levels are 22,500 support and 22,800 resistance. Bank Nifty approaches the psychological barrier at 49,000. The Prabhudas Lilladher derivatives analysts further suggests that we should keep an eye on the energy sector as also Vedanta, NMDC and IDFC First Bank.
The earnings season begins this week, with the focus on the IT majors. The performance of the US market and DII activity will also be in tracked, say analysts