Market Insight: The market is relieved on many fronts. Indo-Pak tension has decreased here, on the other hand Ukraine and Russia are also moving towards the ceasefire. There has also been a tariff deal between the US and China. This is the reason why the market was in a strong mood today. While discussing how the trend of the market will be ahead, CEO Dinshaw Irani of Helios India said that the biggest pain for the market was trade war. But today there is a lot of relief from this front. The hope of dealing on tariffs between China and America has increased. It seems that there may be an agreement at the tariff rate around 30–40. Apart from this, the market has also got support due to reduced India Pakistan tension.
Dinshaw Irani’s opinion
Dinshaw says that the tariff deal between the US and China is a matter of great relief. The ceasefire has also boosted the market’s sentiments. The results of the March quarter have not been encouraging. In such a situation, we should focus on the same sectors which are seeing growth. We should focus on shares dependent on domestic economy and consumption.
Dinshaw further said that he already liked the banking-financial services theme. An attempt has been made by the RBI to insert cash in the system. Further, this sector will get the benefit of growth in demand. After the ceasefire, now the travel and tourism theme is also liked. In such a situation, it is advisable to place bets on hotels and air lines shares. Dinshaw reported that Aviation and Hotel Shares are included in his portfolio.
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He further said that uncertainty in the pharma sector has increased. There will be advice for the pharma companies with exposure to the US. There is a strong demand in domestic tourism. Dinshaws like electronic defense companies like BEL. He has also increased investment in textile companies
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