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Avoid sectors that continue to be hit by coronavirus, advises Anshu Kapoor of Edelweiss
In fixed income, investors should look to lock-in yields in high-quality fixed deposits and AAA bonds, says Kapoor. Sunil Shankar Matkar February 12, 2021 / 10:35 AM IST
Anshu Kapoor, Head of Investment Management at Edelweiss Wealth Management, says markets are driven by earnings, liquidity and sentiment. The December quarter numbers have been positive and have surprised analysts across sectors.
But, he is not keen on travel and hospitality segments and favours staying away from sectors that continue to bear the brunt of the coronavirus pandemic.
In an interview to Moneycontrol s Sunil Shankar Matkar, Kapoor says banks have raised more than $15 billion in the last six months and are well capitalised. He expects credit cycle to revive, led by manufacturing capex. Edited excerpts:
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Share Market Highlights: Sensex jumps 222 points to end at record high, Nifty at 15,173; metal stocks lead
Stock Market News Updates Today: RIL, Bajaj twins, Airtel were among the top gainers while, Nestle, TCS, Axis Bank, L&T traded as the top losers
BusinessToday.In | February 11, 2021 | Updated 16:58 IST
Share Market LIVE News: Here s a look at the LIVE updates of the market action on BSE and NSE today
Sensex, Nifty LIVE Updates on February 11: In a volatile trading session, share market indices reversed trend and closed at new record highs on Thursday, amid mixes cues from global equities. Sensex ended 222 points higher at 15,531 and Nifty closed 66 points higher at 15,173. Meanwhile, quarterly earnings announcements by ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, Atul Auto, Bayer Cropscience, Bosch among others will also set the tone for the stock market today. Yesterday, Sensex ended 19 points lower at 51,309 and Nifty fell 2 points to close at 15,10
Dalal Street today: Quarterly earnings announcements by ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, Atul Auto, Bayer Cropscience, Bosch among others will also set the tone for the stock market today