Sensex up 300 pts, Nifty above 17,100; FMCG, pharma gain

 Sensex up 300 pts, Nifty above 17,100; FMCG, pharma gain

Sensex, Nifty climbed over 0.50% on Thursday. Asian stocks were steady Thursday as investors await key U.S. employment data to assess when the Federal Reserve may start paring the substantial stimulus that has bolstered financial markets.

02 Sep 2021, 12:52:52 PM IST

Top picks: Axis Securities

ICICI Bank, SBI, Federal Bank, Equitas Small Finance Bank, Varun Beverages, Camlin Fine Sciences, Mold-Tek Packaging, Amber Enterprises India, Minda Corporation, Steel Strips Wheels, Krishna Institute of Medical Sciences, Tech Mahindra, Bharti Airtel, HCL Technologies, Orient Cement, Ashok Leyland.

Themes: 

Earnings continue to see upgrades

Volatility continues to remain range bound, signaling the continuance of strong bull market

Quality back in focus; Opportunities in small and mid-caps continue

Earnings momentum is the key; Upgrade December NIFTY target to 17,700

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