Sensex maintains upmove; banks, capital goods strong

12:22

Moneycontrol Bureau
Live Market Commentary
The market is mildly higher as the Sensex rose 75 points to 21,154.72, and the Nifty climbed 25.05 points to 6,299.30. Advancing shares outnumbered declining ones by a ratio of 1308 to 726 on the BSE.

The year 2013 has been a topsy-turvy year for equities, but going ahead equity is likely to outperform all other asset classes, believes Anup Maheshwari, Executive Vice President & Head of equities, DSP BlackRock Investment Managers. In an interview to CNBC-TV18 he said equities may turn out to be the best asset class over next three years.

Continuing his bullish tone, he said rupee depreciation is positive for exporters and related stocks will continue to do well. He also expects India Inc's financial performance to improve going ahead.

Banks, capital goods, realty, metals, power and oil & gas stocks gained ground while IT stocks are under pressure.

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