Infrastructure as a sector is cyclical. Revenues of infrastructure companies depend upon economic growth and take a hit when the economy is down. Hence, mutual funds investing in infrastructure companies fall or go up swiftly and their year-on-year returns can vastly vary. It is thus important to take calculated bets.
On Monday, 2025 stocks advanced, 1661 declined and 201 remained unchanged, with an advance decline ratio of 1.22 on the Bombay Stock Exchange (BSE), indicating a positive closing of stocks in broader markets. Strong results in the pharma and IT industries helped the Indian market start the week with modest gains. The market was cautious due to the upcoming release of inflation data and the RBI s monetary policy.
On Tuesday, 1852 stocks advanced, 1757 declined and 146 remained unchanged, with an advance decline ratio of 1.05, indicating a positive closing of stocks in broader markets. The market was cautious ahead of the RBI s monetary policy announcement, as poor European and Asian cues caused the local benchmarks to remain in the negative for the majority of the trading session. Trading could be sluggish until the conclusion of the MPC meeting, and developments in the local market will continue to be driven by global cues.
On Monday, 2209 stocks advanced, 1470 declined and 199 remained unchanged, with an advance decline ratio of 1.50 on the Bombay Stock Exchange (BSE), indicating a positive closing of stocks in broader markets. Markets opened the week with a gain of more than 0.5%, following encouraging global signs. Beaten-down sectors of the previous sessions, such as IT, metals, power, and oil & gas stocks, performed well while a strong buoyancy in Asian and European indices boosted the local market confidence.
On Tuesday, 2068 stocks advanced, 1492 declined and 168 remained unchanged, with an advance decline ratio of 1.39, indicating a positive closing of stocks in broader markets. Investors exercised caution as the recent rally was too fast paced and valuations became costly.