There was good shopping in the market on a weekly basis. The midcap saw the biggest week’s boom of the last two months. In such a situation, talking about the further move of the market Mirae Asset Invest Managers Fund manager Siddhant Chhabria It is said that the market is gradually coming and the earning numbers have improved gradually. Concerns about tariffs have reduced. Domestic side has also recovered. Positive view is being made regarding monsoon. From inflation to crude prices have declined. We are hoping that interest rates will be further cut. Further, there is a positive view about the earnings and the market became very constructive already. In such a situation, there is a possibility of further speed in the border market.
Talking in detail on the earning season, he said that the expectation regarding the earnings was very low. There was a lot of recovery in the rural area. There has also been a lot of recovery on the urban side. There is a positive view about monsoon. Eating numbers are slowly improving. Siddhant Chhabria further said that it is difficult to guess about the returns of the market. Valuction was already very affordable. If earning growth is good, then returns will be better.
The consumption sector is better than before. However, there is a concert regarding infra, capex. There was a challenge regarding the industrial sector. The valuation of the banking sector is economical.
Talking on the IT sector, Siddhant Chhabria said that there has been a lot of correction in the IT sector. Due to reduced uncertainty in the US economy, the ignorance in the IT sector has reduced considerably. The valuation of the IT sector improved. Currently, domestic economy sectors are more attractive.
Talking on domestic economy sectors, he said that the descendant sector remains a bullish attitude. Recovery was already seen in the desirery sector. The dislike is positive about the sector.
Market View: Instead of making profits in the market, shopping in select shares, double digit growth can be seen in 1 year
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