HDFC Sec: IT, cement, oil stocks could rise

According to HDFC Securities outlook, the higher stability in other markets and better than expected results from TCS and Wipro, could lead to an upward movement in Indian markets, initially.

They could rise further later and IT, engineering, cement and oil stocks could do well.

On the other hand healthcare stocks could remain weak. Dr Reddy's looks set to fall sharply once it falls below 1208/1158.