Stock Tip of the Day

Markets have managed to hold onto yesterday's gains. However this rally is more or less dependent on global cues as nothing substantial has changed in the domestic markets. Hence this rally is very unreliable. The one reliable sector is the fertilizer sector as we mentioned yesterday the impact of the new urea policy was factored in on monday and since then one can expect only downward trend in most of the fertilizer stocks for another 3-4 trading sessions. Although we still maintain our neutral position on the market for few more days, one can look to accumulate IT stocks, particularly large cap as the results will be out soon and the last quarter margins are expected to be significant improvement over earlier margins on the back of weak rupee.