free nifty Tips - The market is surging higher. The Sensex is up 185.73 points or 0.7 percent at 26027.65, and the Nifty is up 62.25 points or 0.8 percent at 7905.00. About 1446 shares have advanced, 715 shares declined, and 171 shares are unchanged.
GAIL, Wipro, M&M, SBI and TCS are top gainers while Sun Pharma, ITC, Bharti and Hindalco are among losers in the Sensex.
Lack of leadership, given the global turmoil, is impacting the market adversely, says Andrew Holland, CEO of Ambit Investment Advisors. Speaking to CNBC-TV18, Holland says the China’s government need to work more on the fiscal policy front to aid recovery in global markets.
On the corporate earnings, he says that despite the reform work done by the Modi government, it will take time for earnings to bounce back.
However, he is positive that earnings will start picking up from next year. Lack of investment and outflows in India is due to the emerging markets (EMs) phenomenon, he says adding that the market will see FII inflows from the new year.
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