MUMBAI: Investors' confidence in the stock market has been reinforced after the Budget, but a bumpy road awaits them amid uncertainty over cor porate earnings recovery and developments in the US. Majority of the 30 money managers and research heads polled by ET expect the Nifty to gain 3-5% till June 30. But there could be sharp gyrations on the way up. Investors should stick to sectors that benefit from domestic economic activity, said the participants. Cement, infrastructure and automobiles are likely to be outperformers in 2017, while technology, pharma and telecom could be the laggards.

Source: Economic Times February 03, 2017 02:50 UTC