Indian markets surged higher and were trading at all time high levels. The Sensex hits 60,700 for first time while the Nifty was hovering near near 18,150 led by auto and metal shares. Tata Motors shot up 18% in today’s trading session. Likhita Chepa of CapitalVia Global Research spoke to Money9 on how to approach markets in the current realm of things.
“Earnings are supporting the market momentum. The optimism on recovery from the pandemic is key and we are looking at sector rotation. The auto sector which had been lagging is now seeing traction on the back of attractive valuations and fundamentals supporting the sector on the back of demand ahead of the festive season”, she said.
As for investors’ strategy, she suggests investors to keep focus on the large-caps.
Indian Hotels | Buy | Target: 240 | Duration: 10 Months
HDFC Bank | Buy | Target: 1900 | Duration: 12 Months
Tata Power | Buy | Target: 245 | duration: 8 Months
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