Aditya Arora of Adlytick foresees Nifty correction post-election due to market overvaluation. He says a short-term spike is possible and suggests caution and waiting for trading opportunities. Arora says: "Whatever is the top for the market, from there we see a correction of 1,000 to 4,000 points." He further recommends a Britannia buy for potential outperformance in choppy market conditions.
Metals stocks are thriving due to strong economic data and global trends. Experts believe the rally will continue, with bullish outlook on Hindalco, Tata Steel, and Coal India.
However, apart from these well-known blue chips, LIC has also invested in some lesser-known stocks that have yielded handsome returns. Select 10 stocks in LIC's portfolio have given multibagger returns in the last 12 months.
The Fed is trying to mop up liquidity. It just raised the lending rates in its discount window in a bid to take out some liquidity from the market. So that seems to be a precursor for QT being called out. So that will be another thing we will be watching out for on the 31st announcement, according to Ajay Bagga, Chairman, Elyments Platforms.
Despite strong volatility in commodity prices in 2023, the metal index has given double-digit returns this year with 2 of its constituents giving multibagger returns, the highest in any sectoral index.