Financials will lead the next leg of the rally: Nilesh Jain

Indian stock markets Sensex and Nifty began Tuesday’s session on a positive note tracking global gains. Gains across most sectors led by IT and PSU banking stocks pushed the market higher. Broader markets also boosted investors’ morale, as the midcap and smallcap gauges rose 0.5% and 0.9% in early deals respectively. Nilesh Jain of centrum Broking spoke to Money9 on what to expect from this market.

“Financials look more promising at the current juncture. One can look at PSU banks space at the current juncture to grab the momentum”, he said.

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