Nifty, Sensex rise nearly 1% amid positive global cues, volatility to continue; what should investors do-
时间:2024-06-26 06:42:44 阅读(143)
Indian benchmark indices were holding on to their gains on Friday, following a relief rally in the US markets overnight and gains in Asian stocks. The BSE Sensex rose 614 points or 0.9% to touch intraday high of 56,255, while the NSE Nifty 50 climbed 165 points to 16,793. Sectorally, Nifty IT soared over 2 per cent following a strong rally in US tech stocks overnight. Nifty Bank, PSBs, and Pharma were other notable gainers. “Short term investors who are under invested in equities can top up their equity holdings to ride this upmove,” said Deepak Jasani, Head of Retail Research, HDFC Securities.Where are markets headed?
“Currently, the market is eyeing the central bank’s guidance on the interest rate trajectory. Both the RBI and FED meeting is scheduled in June and we have to wait and watch to see how central banks influence the path of interest rates trajectory to maintain growth and inflation dynamics. Keeping these developments in view, we expect the market performance to remain range-bound in the near term, and a clear trend is likely to emerge only if volatility stays at lower levels for a longer time,” according to Neeraj Chadawar, Head – Quantitative Equity Research, Axis Securities.
Investors should focus on asset allocation and use this volatility to build long-term positions in quality companies, where the earnings visibility is high,” said Neeraj Chadawar, Head – Quantitative Equity Research, Axis Securities
Hold positions, wait for dips to buy: Investors should hold positions for 17,000 levels. And if levels are attained, investors can book some profits and wait for corrections for making a new position at lower levels, said Mohit Nigam.
Stay invested in quality stocks: Santosh Meena, Head of Research, Swastika Investmart, said, “There are still some uncertainties about global markets but there are some pockets that may continue to outperform. Investors are advised to stay invested in quality stocks while the current rally is an opportunity to exit stocks that have fundamental concerns. We are bullish on corporate facing banks, capital goods, infra, and housing sector.”
Deploy cash in valued stocks: Choppy movement in the broader market is expected for next couple of weeks, one can selectively deploy the cash in valued stocks, said Akhilesh Jat, Category Manager – Equity Research.
(The recommendations in this story are by the respective research analysts and brokerage firms. Financial Express Online does not bear any responsibility for their investment advice. Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.)
上一篇:Rating- Hold; Dmart- More expansion plans in store
下一篇:Xiaomi announces HyperOS for India; roll out to begin with these devices this month
猜你喜欢
- Sexual wellness brand MyMuse secures $2
- Wage payments under MGNREGS now only through Aadhaar-based system
- Wall St rises on boost from growth stocks, China reopening
- Rating- BUY - CIL- Stellar Q2 show, outlook positive
- Share Market Crash Highlights- Nifty closes under 17200 pts, Bank Nifty sinks 1000 pts; Infosys, ICICI Bank drag
- Share Market HIGHLIGHTS- Bulls roar, Sensex soars 1100 pts, Nifty ends above 17100; investors cheer RBI policy
- Rakesh Jhunjhunwala, wife sell Delta Corp shares, trim holdings; stock tanks 20% this month
- SGX Nifty deep in red, will bears return to haunt Sensex, Nifty- 5 things to know before opening bell
- Share Market Highlights- Sensex closes 100 pts lower at 53134, Nifty 50 ends at 15810; ITC, Wipro top drags