Market sentiment perks up, will Infosys shares sustain upward movement; read all this and more on Moneycontrol Pro

Finally, some great news! India’s fastest-growing financial subscriptions service, Moneycontrol Pro, is available both on the website and mobile apps. Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations. In sum, all the information you need for wealth creation. Independence Day Offer: Pay Rs 289 for 3 months and get Moneycontrol Pro for 1 year. Use code “FREEDOM” For more information, check out the Moneycontrol website or mobile app. Market sentiment perks up, but risks still abound News reports about a potential rollback of the surcharge on tax for foreign portfolio investors (FPIs) and withdrawal of long term capital gains tax have cheered the markets. Indian stocks resumed their upward climb on Friday morning. But are happy times here again? Is the withdrawal of FPIs - have sold Rs 20,000 crore worth of Indian shares since 1 July-the only reason why the markets fell in the first place? How will the economic situation and the crisis in the non-bank finance sector continue to affect the markets? To find the answers to these questions, click here. [caption id=“attachment_6847201” align=“alignleft” width=“380”]  Representational image[/caption] Diamonds in the dust: A carmaker for the bumpy road ahead Legendary investor Peter Lynch once said, “Market declines are great opportunities to buy stocks in companies you like. Corrections—Wall Street’s definition of going down a lot—push outstanding companies to bargain prices.” The current decline in the markets has hit auto companies especially because of the demand slowdown for vehicles. Today’s stock pick was a Dalal Street favourite but its shares have fallen sharply. But given its excellent track record, history of bouncing back from previous slowdown and attractive valuations, investors should consider owning this company if they are willing to look beyond near term volatility. Click here to read more. Picks from our technical analysts Infosys: The software major’s share price has broken out of a three-day sideways pattern and has moved up. Will the move up sustain? Click here to find out how to profit from an Infosys trade. BHEL: Volatility is high in BHEL ahead of its results. Click here to learn an option strategy to profit from its results. INDEPENDENCE OFFER: Moneycontrol Pro for 1 year at a price of 3 months. Use code “FREEDOM” Get Moneycontrol Pro annual subscription at the price of three months. Now at Rs 289 only instead of Rs 999. Use code “FREEDOM”.