Pace Of Market Rally Will Depreciate: Nirmal Jain
  • Elizabeth George
  • Sep 23 2013

September 23: Nirmal Jain, Chairman of India Infoline, says the recent market rally has been concentrated in a few stocks so the pace of the gains will slow down going forward. The action will now shift to stock-specific ideas; the underlying will be bullish but the upside will be limited, he says. There will also be some investor interest in midcaps, especially in companies with visible earnings and little debt, he adds.