Stocks in Focus: State Bank of India, Infosys, Sun Pharmaceutical, Dr Reddy

Bull market or bear market?
Continuous selling pressure from the foreign institutional investors (FII), rupee depreciation, adverse macroeconomic factors, uncertainty on national and state election, and overvalued stocks and indices – all these factors together can lead to a correction in the market.

Stocks likely to be in limelight today?
Infosys, Sun Pharma, Dr Reddy's and SBI may remain bullish.

Sectors likely to impact market today?
There might be some recovery in the NBFC stocks, while Pharma and IT will remain positive especially amid the current currency scenario.

Your mid-term view?
Expect Nifty to correct in the mid-term.

What drove markets on Monday?
Rising brent crude, escalating trade war, weakness in rupee and liquidity tightness in the bond market impacted the markets.

(Prakarsh Gagdani, CEO, 5paisa.com)
Source: DNA Money