Momentum is maintained in the market. The Nifty has gone beyond 25500. At the same time, the bank Nifty has once made a new high. Which sectors now focus on the fast market? Talking about this Cio Naveen Kulkarni of Axis Securities Says that the market will now keep an eye on the results of the companies. Market trade and sector outlook can remain critical. In terms of value, the comfort in the market has decreased, the oversold market has completely gone out.
Our allocation in the metal sector is very low. The sector has seen fluctuations due to global challenges and still there are global challenges in this sector.
Bank- Good opportunities in NBFC
Talking on bank shares, Naveen Kulkarni said that there is no challenge about valuation in bank shares. Due to which comfort will remain in it regarding valuation. However, our focus will be on the results in this quarter, in which the net margin and asset quality of bank shares will also be focused. He said that valuations are looking better in big private banks.
He said that NBFC is also seen with a good space with the bank. Bajaj Finance is expected to produce more than the current level. Apart from this, exposure can be taken in shares like quality NBFC Chola Invest. Because the risk reforms of these shares are seen from the current level.
Shopping on fall better strategy in defense
Talking on the defense sector, he said that the sector is being a structural story. There is a possibility of sustaining valuations in the sector. However, the focus of earning may remain a little critical. This sector has become Buy on Dips. Shopping for a decline in this sector will be a better strategy.
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