As D-Street sits at record high, new stocks, sectors climb up in pecking order
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Various strategy reports suggest brokerages are getting positive on banking stocks even as they have turned cautious on metals.
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They have also turned ‘overweight’ on industrials, telecom and utilities amid reasonable valuations, become neutral on staples and underweight on pharma stocks.
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NEW DELHI: Benchmark equity indices may have started showing fatigue after the relentless rally to record highs, but most analysts do not expect the ongoing rally to stop here. Notwithstanding the short-term volatility, select brokerages project Nifty50 to breach the 16,000 mark by end-December, and the 17,500 mark in next 18 months.
Analysts said a cut in the GDP growth forecast for FY22 is all likely. To give growth a chance, the six-member MPC is expected to maintain the status quo on the policy rate and maintain an accommodative stance, despite the prevailing inflation worries, they said.
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ETMarkets Morning Podcast (ETMarkets.com)
05:08 Min | June 04, 2021, 8:48 AM IST
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Hi there, Good Morning. Welcome to ETMarkets Morning podcast, the show about money, business and markets. I am Sabari Saran. Let s start with the headlines first
Balanced Advantage Funds go light on pricey equity
Price trends signalling good times ahead for cement stocks
MFIs facing major rating downgrade
Damani, DMart on a real estate buying spree