Marathon Trends' Atul Suri on indices hitting all-time highs, strategies to follow, and stocks to bet on

The domestic stock market hit new record highs on June 28. The benchmark indices Sensex and Nifty soared on the back of strong projections for the coming fiscal quarter and past performance. The Nifty hit an all-time high of above 19,000 points, and the Sensex hit above 64,000 points. At this buoyed market, Atul Suri, CEO of Marathon Trends and a market expert, shared his insights about the new bull market run with Zee Business Managing Editor Anil Singhvi.

"This rally is not just present in India but is part of a global rally. Lots of markets are close to their 52-week highs, like the NASDAQ, S&P 500, Nikkei, and more. But in India, markets are at a life-time high. This is called ‘blue sky’ because there are no resistances after this for a while," explained Suri.

"The lifetime high shows the intrinsic strength of the market," Suri added.

When asked about his recommendations and picks for the bull market, Suri explained that investors should keep an eye out for stocks that are racing ahead of the market. "Stocks that breakout first in a bull market are the leaders of the next bull market," Suri added. Talking about changes from the previous bull market, he highlighted that there has been a sectoral rotation away from IT, tech, banks, and pharma companies to core industries like engineering, infrastructure, and more in the coming cycle.

"When these sectors start their rally, they don’t last for six months or just one year but for 3-5 years as part of a cyclical turn." Suri’s picks for market leaders for the next bull cycle include defence companies, electrical equipment, engineering, infrastructure, and real estate. He warned investors not to just sit by but to adapt to changing trends in order to take advantage of the bull market.