Indian stock markets Sensex and Nifty began Tuesday’s session on a positive note tracking global gains. Gains across most sectors led by IT and PSU banking stocks pushed the market higher. Broader markets also boosted investors’ morale, as the midcap and smallcap gauges rose 0.5% and 0.9% in early deals respectively. Nilesh Jain of centrum Broking spoke to Money9 on what to expect from this market.
“Financials look more promising at the current juncture. One can look at PSU banks space at the current juncture to grab the momentum”, he said.
Ultratech Cement | SL: 7050 | T: 7450
Bank of Baroda | Buy | SL: 95.5 | T:103
United Spirit | SL: 825 | T: 870
(Follow Money9 for latest Personal finance stories and Market Updates)
One of the trends that got accentuated during the pandemic was stays at small properties of five to 10 rooms in picturesque locations
In India, the segment of ETFs is slowly taking off and several mutual fund houses are offering ETFs to investors.
The NIP will help augment India’s productive capacity, contribute to our overall growth and bring down the logistics costs, improving competitiveness
Diversification is key and should be followed for stable and steady returns in the long run.