Market expert Ajay Bagga thinks the market currently is in a no-trade zone. According to him, it looks more like the first week of April when foreign institutional investors sold quite a bit. He is hoping for a recovery.
Market expert Prakash Diwan advices to buy Adani Ports at Rs 215 level with a dip of 9 percent, while Deepak Shenoy of capitalmind.in suggests to stay away from the stock until the company stops posting low single digit growth.
A test of key short-term support at 7,533-7,550 provided by the 50-DMA is likely and a break below this level would open the door for a test of next chart support at 7,257, says Laurence Balanco of CLSA.
Sachin Shah of Emkay Investment Managers sees a pick-up in the pace of execution of infrastructure projects, particularly roads, which in turn will boost demand for cement. Earlier on Tuesday, CNBC-TV18 reported, quoting sources, that cement prices in Andhra Pradesh and Telangana have been hiked by Rs 40-50 per bag.
"If the government absolutely said interest rates are going to be zero for 50 years, the Dow would be at 100,000," Buffett told "Squawk Box," stressing he was speaking hypothetically. The Dow Jones industrial average closed at 17,773 on Friday.
In an interview with CNBC-TV18, independent market expert Ambareesh Baliga and Gaurang Shah, VP, Geojit BNP Paribas Financial Services, talked about their outlook on ICICI Bank, which reported weak quarterly numbers on Friday.