Today, selling in the market is seen dominating. However, there has been a recovery from lower levels around 2.15 pm. The Nifty has again saved the level of 22,800. Both Nifty and Bank Nifty have been supported by HDFC Bank. However, the condition of midcap and smallcap is disturbed. Both index have slipped one to two percent. IT stocks have shown strength in the weak market today. After the outperform rating of JP Morgan, personal systems have risen by more than 4 per cent. Also, Tech Mahindra, Ltimindtree and LTTS are also strong up to two percent. Capital Goods and PSUs today have the highest pressure. Both sector index have slipped from one and a half percent. BHEL, HAL and BEL have slipped three to five percent in PSUs. There is also a decline in realty and auto.
The next trigger in the domestic market will now come from the next quarter results
In such a situation, while discussing the market outlook, market expert Sunil Subramaniam said that at this time it is being seen in the market, FII is selling in largecap. At the same time, domestic funds are making profits in small and midcap to shop in large cap. That is why there is a movement in small and small stocks. But there is no need to worry about it. Because profit booking is being done in stocks in which investors have made more money. FII will be re -entered in the coming days. In case of FII entry, again they will shop in large cap and the mid and smallcap will go back again. Because domestic fund managers will sell FIIs in small and consider by selling Laj Cap. In such a situation, we have to wait for the improvement in the location in the global market. At the same time, the next trigger in the domestic market will now come from the next quarter results.
After mid and smallcap correction, now close to your bottom
Sunil Subramaniam further said that after mid and smallcap correction, they are now getting closer to their bottom. Now in a few days the mid and smallcap managers will start shopping again. In such a situation, we do not need to do much. Do not enter directly into the stock. Seek the advice of multicap fund managers for investment. After so much correction, it will be advisable to top up whatever SIP is on at this time. In this correction, you are getting a chance to buy more units. This will be very beneficial for long -term investors. In such a situation, add something else to the next 3-4 months to your SIP. At present, avoid putting bets in mid-jokes.
India’s big opportunities for mid and smallcap IT companies due to AI
Sunil Subramaniam believes that IT and banking and other finance shares may increase further. IT stocks will benefit from dollar strength and weakness of rupee. Along with this, our IT companies are also expected to get big orders in the American economy. Due to AI, there are big opportunities for India’s mid and smallcap IT companies.
Market Outlook: Chautraf will rise in the market, after creating bottom, all the stocks ready to give 70-80% return -Sukil Kedia
Private sector banks valuations are good
Talking on banking shares, Sunil Subramaniam said that the valuation of private sector banks still looks very good. Apart from this, the impact of Rs 1 lakh crore in the form of tax saving will be seen in both savings and consumption. In such a situation, we will see further banking, asset management companies and broking companies along with banking. Sunil Subramaniam says that the capital goods will invest only when the capes increase. At this time, spaces like PSE, Defense, Railways will be recommended to stay away.
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