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market | IST

Market likely to remain rangebound between 10,400 and 10,600, says Mitessh Thakkar

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"If you go by what the expectations on the street are in terms of guidance, the street is of the belief of 6 to 8% constant currency guidance growth, EBITDA margins between 23 to 25%, that is as far as the guidance from the management is concerned." said Mayuresh on Infosys.

The market is likely to remain rangebound between 10,400 and 10,600, Mitessh Thakkar, market expert, said.
The market ended largely in gains on Thursday with IT stocks taking the lead.
The BSE Sensex ended at 34,000 levels at 34,101 points, and the NSE Nifty ended at 10,400 levels at 10,458 points.
Mitessh Thakkar said the rupee and IT stocks surge helped pull up the markets. "So, it was not a very emphatic kind of a breakout."
On HCL Tech, Thakkar said, "In the next 6-8 months there should be about 20% gains happening."
"If you go by what the expectations on the street are in terms of guidance, the street is of the belief of 6 to 8% constant currency guidance growth, EBITDA margins between 23 to 25%, that is as far as the guidance from the management is concerned." said Mayuresh on Infosys.
On the global markets, the stocks recovered to three-week highs on Friday as anticipated strong earnings season took centre stage after U.S. President Donald Trump backtracked on his suggestion of an imminent missile attack on Syria.
Here is what the stock market gurus recommend for today's market session
>  Mitessh maintains a positive view on Infosys Technologies.
>  Mayuresh also maintains a positive view on HCL Tech.
>  Mayuresh also likes Vedanta from long-term perspective.