The market gained in line with global peers on Friday following the Fed's 25 basis rate hike. A broad-based rally saw 45 of the 50 nifty stocks end higher. For the week, Nifty and Sensex soared 4 percent with the Nifty Bank outperforming.

Read Here: US Fed rate hike: Market watchers say hawkish stance may see flows move out to other markets

In an interview to CNBC-TV18, Mihir Vora, Director and CIO at Max Life Insurance, and Jai Bala, CMT of Cashthechaos.Com shared their reading and outlook on specific stocks, sectors and markets.

Jai Bala spoke at length about Ajanta Pharma, and Aditya Birla Fashion and Retail (ABFRL).

Watch the accompanying video for more.

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