Indian benchmarks Sensex and Nifty built up on morning gains and were trading higher by 0.3-0.5% on Wednesday afternoon led by gains in IT, metals and banking stocks amid positive global cues.
So far in the first half of the calendar year 2021, Sensex has given a return of over 10% and has been among the best performers in the emerging market space.
Speaking to Money9, Vinit Bolinjkar, Head of Research at Ventura Securities on whether India will continue to outperform emerging markets. “India will be best placed among the emerging markets going forward. The PLI scheme by the government will start pushing manufacturing and exports which will be strong stories to track. India is being looked at as the primary market for pharmaceuticals, vaccine manufacturing. Agriculture will too emerge as the key them amid good monsoon expectations. We will actually see all sectors performing well on positive triggers benefitting the overall economic growth especially the rural segment.”
While talking about which pockets will see better growth he said, “Money will now flow in back to large-caps. We like industrials, export theme and the IT sector should do very well and the defence stocks are also on our radar among large caps.”
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