Nifty inches towards 5600 FMCG autos oil gas gain - Moneycontrol.com

Indian equity benchmarks gained strength after a consolidation since yesterday. The Nifty was inching towards the 5600 mark, helped by FMCG, oil & gas, power, metal, capital goods, auto and Anil Dhirubhai Ambani group companies' shares.

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Portfolio Manager PN Vijay said the market should end closer to 5,650-5,700 by the end of May with a little bit upward bias - maybe if we get some good news on inflation. Portfolio Manager PN Vijay said the market should end closer to 5,650-5,700 by the end of May with a little bit upward bias - maybe if we get some good news on inflation. "Market might be listless for a bit more time but knowing the Indian psychic we don’t allow things to be listless too long. It may have to breakout one way or the other. The big fear has been inflation. We have lived through that fear right from November at more than 8% inflation. If we get one or two decent inflation numbers and if we had the IMF reaffirming India’s growth at 8% yesterday, if we had some dent in inflation with the corporate results practically out of the way, we may see a resumption of the rally we had mid last year," he said.

Nifty inches towards 5600 FMCG autos oil gas gain - Moneycontrol.com