Anil Singhvi, Managing Editor, Zee Business, the Q2FY21 update of the banks are great and hints that life is returning on the track. During a candid radio chat with RJ Salil Acharya, Radio City, 91.1 FM, Mumbai, Mr Singhvi suggested that investors looking towards to opportunities to invest can invest in HDFC Bank, ICICI Bank, SBI, HDFC Ltd and LIC Housing Finance and stay with them, don’t sell them on minor gains. 

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Starting the chat RJ Salil informed Mr Singhvi, the way his listeners are appreciating the radio show as this is the first time on any radio show where some export is naming stocks regularly as compared to the past where they said the market will grow or there will be a fall but this is something where monetary gains are made and every week. The listeners have always wished to have such chats. To which Mr Singhvi thanked RJ Salil for having him on his Kadak show and providing an opportunity to talk with his listeners. Adding to his chat, RJ Salil said, going forward someday he will allow the listeners to have a chat with Mr Singhvi, which is going to be great. 

After this, RJ Salil said, if we have an eye on the market then several changes are happening in the US as elections are scheduled to happen in November and President Donald Trump is infected with Corona and India is strengthening its relations by other countries as far as Australia and America is concerned and there are some questions related to China. All these things are happening and all these factors have had a very positive impact on the Indian domestic stock markets. What is happening?

Mr Singhvi replied to the question by saying anything that happens in the US in October and you must not trust on the statements made by President Trump or Joe Biden or things that they do because politicians in every country across the world are same and its citizens are same. Interestingly, at the time of the election, they will say everything and do everything that is required to win the elections, like they may suffer even from Corona and then surprisingly come out of it in just two days and say if I don’t win then you won’t get anything. He is doing the same. So, I am not taking him seriously this month. 

To this, RJ Salil said, but our market is going up at a good speed, every day we are seeing a lot of green good numbers and it is going up by 50-100 points. Anil Singhvi in his reply to the statement said, everyone knows that all these nonsense things are happening and nothing is going to happen, and we have to do trade on our own. Have a look at the second quarter updates of the banks, they are simply great! This means life is returning on the track. At the same time, have a look at the updates of Titan, which shows people are buying jewel and jewellery. Thus, the action is returning in full force and it is visible and that’s why the markets are strong. 

As a follow-up of the previous question, RJ Salil asked, if a lot of domestic buying is happening and it is contributing hugely to the growth in the market. Mr Singhvi said, of course, life is coming back on the track here and the visible data is creating a positive atmosphere. People, particularly the investors, have money in their pockets and they are investing it in the market. 

In his next question, RJ Salil said, you have talked about the banks earlier, so what is the news that is HDFC is quite bullish? Your banking picks have always remained a very positive one and HDFC and ICICI Bank both have performed well and the listeners who heard us earlier have followed it. So, what would you like to say today? Anil Singhvi said, still banks and in banks, you can opt for any bank that you like may it be HDFC Bank, ICICI Bank even SBI is right now. At the same time, Housing Finance Companies (HFCs) are looking great, maybe it is HDFC Ltd or LIC Housing Finance. These companies are looking good. 

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But there is another sector that is coming on my radar at present and that is the textile sector. This is a sector that can show good action, so you can start investing in the textile sector. So now actions can be seen in new sectors, which are small in size, like paper stock and textile stocks, and you can choose from there as well. And, if you have bought banks stocks that sit with it do not sell them quickly. RJ Salil replied to it by saying it is necessary even it goes up by 10-12% as they are bullish as it happened in HDFC Ltd, a few days back. You don’t have to get over-excited and you can keep it for the long term and the market is not a play of a week or two. Mr Singhvi joins us every week and give some specific tips and brings us back on track.