Domestic stock markets began trading with gains on Tuesday morning as Sensex and Nifty scaled fresh all-time highs. While the Sensex started the day above 62,100, climbing the milestone 62K for the first time and Nifty breached 18,600 on the opening bell. After a sharp selloff briefly, the Nifty Bank was nearing the 40,000 mark. Rahul Shah of Motilal Oswal Financial Services spoke to Money9 on what should be investors’ strategy going forward.
“Markets seem to be on a firm footing and financials will outperform going forward. Investors must scout for stocks where there is value”, he said.
As for the stocks which have already had a sharp rally, he said that Tata Power may underperform in the short run while in the long run, it will still give good returns. Also for IRCTC, he said that since it is a monopoly business the company will gain strength even in the future.
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