DAILY VOICE | L&T, KNR Construction among top picks post Budget 2021, says Gaurav Dua of Sharekhan
From a retail investor’s perspective, the major learning is that it is important to stay invested in a bull market rather than try to time the markets, says Dua. February 09, 2021 / 07:58 AM IST
Gaurav Dua, SVP – Head Capital Market Strategy & Investments at Sharekhan by BNP Paribas, is of the view that the major beneficiaries after the Union Budget will be sectors such as cement (UltraTech Cements, Shree Cement, JK Lakshmi etc.), construction & engineering, (L&T, KNR Construction, Ashok Buildcon, PNC Infra), public sector enterprise (SBI, BOB, Power Grid) among others
After The Bell: Market snaps 6-day rally; what should investors do on Wednesday?
For the next few trading session, 15,250/51,800 would be the key resistance level; trading below the same, we can expect intraday correction up to 15,000-14,950/51,000-50,500. February 09, 2021 / 06:46 PM IST
Indian market snapped a 6-day winning streak and closed flat after hitting a record high on February 9. The S&P BSE Sensex touched a record high of 51,835 while the Nifty50 touched a high of 15,257 during the day.
Let’s look at the final tally on D-Street – the S&P BSE Sensex fell 19 points to 51,329 while the Nifty50 closed 6.5 points lower at 15,109.
DAILY VOICE | Over 50% Nifty earnings growth from FY21-FY23 looks achievable post Budget: Hemant Kanawala of Kotak Life
Banking, capital goods & engineering, cement and automobiles are some of the sectors that will benefit from the revival in the domestic economy, said the Senior EVP & Head at Kotak Life Sunil Shankar Matkar February 07, 2021 / 07:39 AM IST
Hemant Kanawala, Senior EVP & Head - Equity at Kotak Mahindra Life Insurance Company feels by discarding fiscal conservatism at a time when the economy needs public capex support, the government has done well to provide wings to growth. Budget has a clear emphasis on Atmanirbhar Bharat policy and revival of domestic growth. Banking, capital goods & engineering, cement and automobiles are some of the sectors that will benefit from the revival in the domestic economy, he said in an interview to Moneycontrol s Sunil Shankar Matkar.