Infosys, TCS and Dr Reddy’s touch fresh 52-week high
Technology majors Infosys Technologies and TCS have touched fresh 52-week high as stock markets have been trading firm and technology companies are on investor’s buying list. Due to sustained buying in technology companies after COVID-19 panic selling and renewed interest after strong results by IT companies, stock valuations of most of the technology counters has touched 52-week high. Among other stocks, pharmaceutical major Dr Reddy’s also touched fresh 52-week high.
Market expert Ashwani Gujral suggested intraday BUY Call for Dr Reddy’s today. The stock has witnessed sustained buying in the recent weeks and we can see further momentum in this counter.
Indian markets opened positive but later witnessed selling pressure. We can expect markets to trade mixed and close almost flat unless selling comes in again during the afternoon session. Volatility is expected today as markets are dealing with F&O expiry today.
During the afternoon session, BSE Sensex was down by 312 at 37,725. Markets can see recovery but closing could also depend on trends in the European market.