Sensex extends losses, falls over 500 points tracking China crash; metal stocks bleed
Buy LIC; sell Axis bank, petronet LNG stocks: IIFL
PUBLISHED ON: January 13, 2012 | Duration: 14 min, 29 sec
Manoj Murlidharan Vayalar, Head of Derivatives at IIFL and Independent Investment Advisor, Sanjiv Bhasin spoke to NDTV profit on market outlook and performance. Manoj Murlidharan Vayalar said that he expects Nifty to trade range-bound for a week between 4,950-4,650 levels. He was also negative on Bank Nifty for a week. He advised investors to sell Axis Bank and Petronet LNG stocks and buy LIC housing finance stocks.