Why these 5 stocks could be a long-term investment bet -- 7 Oct 2015

In the past 5 trading sessions, the BSE Sensex gained 5.14 per cent at 26932.88 on October 6. The benchmark index was at 25,616.84 on September 28. NSE Nifty gained 4.6 per cent during the same period.

                           

The BSE Sensex jumped 1,316 points in the past five trading sessions on the back of positive surprise from RBI, which announced a repo rate reduction by 50 basis points to 6.75 per cent, continuing the front loading of rate cuts. It also derived confidence from better fiscal deficit numbers for first five month of FY16.

In the past 5 trading sessions, the BSE Sensex gained 5.14 per cent at 26932.88 on October 6. The benchmark index was at 25,616.84 on September 28. NSE Nifty gained 4.6 per cent during the same period.

ICICI Securities in a research note said, “A rate cut by RBI supported market sentiments. Going ahead, earnings would be the key driver for market movement. From a sectoral perspective, we are positive on auto, cement and capital goods (cyclical recovery in earnings aided by lower input costs and declining interest rates will provide strong operating and financial leverage). We also have a positive outlook on the IT and pharma space (given their quality of earnings) with a negative bias on metals, infrastructure and real estate.”

On October 6, Sensex was trading around 85 points up in the late morning trade. Below are five stocks on which market experts are looking bullish in the present market scenario.

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