Samvat 2078: Market expert Anand Rathi sees Infra and Banking sectors to outperform benchmarks
Anand Rathi, founder of Anand Rathi Share and Stock Brokers Limited, expressed that the stock market in Samvat 2077 has been splendid and the market would continue the sentiment going forward. Rathi mentions, "The market is likely to continue to rally, however, some ups and downs are expected."
Anand Rathi, founder of Anand Rathi Share and Stock Brokers Limited, expressed that the stock market in Samvat 2077 has been splendid and the market would continue the sentiment going forward. Rathi mentions, "The market is likely to continue to rally, however, some ups and downs are expected."
Ahead of Muhurat Trading 2021, the market expert chose sectors that would surge in Samvat 2078 - Infrastructure, Bank, Cement, Realty. He also included Pharma and Auto in the list.
Anand Rathi says the majority of sectors, by and large, will grow with the rising economy, as vaccination drive has been increasing as well as the economy is being opened up. He expects, banking stocks both public and private banks are likely to outperform the market going forward.
The government’s initiative for the infrastructure investment bank will directly or indirectly aid the banking as well infrastructure sectors such as cement and real estate. He expects this infra investment bank will likely be functional by this year-end.
Before concluding, the market expert pointed out that Samvat 2078 will continue the benchmark indices rally and the market would continue to give returns on both index and stock basis.
(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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08:00 AM IST