Overweight on top 3 private sector banks: Sampath Reddy
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Last Updated: Jun 09, 2021, 10:54 AM IST
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Synopsis On the valuation side, most parameters are slightly closer to the upper end of the band. So in that sense, markets are priced pretty much to perfection.
ET Bureau
What are your thoughts on the valuations vs earnings narrative in this rally?
Most analysts and market participants thought that FY21 earnings will decline because of lockdown, but it grew quite substantially. The earnings growth was a big surprise. In FY22 also, the earnings growth expectation continues to be quite strong.
On the valuation side, most parameters are slightly closer to the upper end of the band. So in that sense, markets are priced pretty much to perfection.
Nifty ends May F&O series at record closing high; bank and IT stocks lift indices
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Nifty ends May F&O series at record closing high; bank and IT stocks lift indicesBy
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Declining dollar and weak global cues were major dampers for the day, but moderating Covid-19 threat and hopes of a quick recovery kept investor morale high.
Reuters
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NEW DELHI: Benchmark indices remained under selling pressure throughout the day, but managed to eke out gains at the end of the day on Thursday, thanks to buying in cement, banks and IT sector stocks.