Share Market: On the basis of last week, the market closed on 17 April with the biggest lead of the last 2 years. All field indices increased. Nifty banking giants saw their biggest weekly lead in about 2 years. In such a situation, while talking about the further move of the market, AMC fund manager Kirti Jain says that good news like monsoon has improved the sentiment.
RBI has also provided relief by cutting interest rates. Good growth is expected even further. All these are expected to increase domestic demand. Good recovery is possible within 6-9 months. Good returns are expected in 6-9 months. He said that the atmosphere of uncertainty in the market is ending. Good recovery is possible in the next few months.
India is also getting support from the United States. Good growth in manufacturing sector is possible. Many American companies can increase their investment in India. RBI has cut the repo rate. Everything from car to home loan will be affected. Domestic demand is expected to increase. Good increase in IT and Pharma sectors is possible. Positive results were seen in real estate and consumption field.
IT, pharma will give good returns in 6-9 months
Referring to the IT and Pharma sector, he said that the level of both sectors has become quite attractive. The atmosphere of uncertainty is gradually ending. Good growth in both areas is possible in future. Good returns are expected in 6-9 months.
Positive about income season
Commenting on the income scenario, he said that the situation has improved compared to the previous 2-3 quarters. The results of this quarter are expected to be good. There was a significant improvement in the consumer goods sector. There was a good increase in the jewelery sector. There have been some positive changes in this result session. We are positive about the results of the June quarter.
Low load in consumer sector
The evaluation of the consumer sector is very high. Lightness approach continues in the consumer sector. There is a liberal opinion about government capital expenditure.
In which field to invest?
He said that there is a huge investment in financial services in the portfolio. More investment in pharmaceutical and hospital area. There is a higher risk in the textile industry. More investment is being made in the real estate sector.
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