Share Market Tips: During the tenure of Modi government, Indian share market has broken many records. Despite the Covid-19 pandemic, the share market touched the sky. Just on 2 September, the Sensex reached an all-time high of 82725. Now the question arises that where should we invest in a flying market? In which sector should we invest? Should we invest in infrastructure, energy, pharma, PSU banks, IT or FMCG, services, financial services? Let’s see how these sectors performed and which sector can fly in the coming days?
9 out of 14 sectors performed better than Nifty 50
According to Business Today, the realty sector has performed the best in the last 5 years. Nifty Realty has given a return of 302 percent. This was followed by Metal with a return of 286 percent and Auto with a return of 256 percent. All of these have outperformed the 127 percent return of the Nifty 50 benchmark during this period. In fact, 9 out of 14 sectors have performed better than Nifty 50. Other indices like Infrastructure, Energy, Pharma, PSU Banks, IT and MNC have also managed to beat Nifty 50. However, FMCG, Financial Services, Banks and Media indices lagged behind Nifty.
What are the experts saying
G Chokkalingam, Founder and MD of Equinomics Research, says the infrastructure sector is growing rapidly due to the growth in the Indian economy and the government’s focus on this sector. Telecom and FMCG are other sectors he is betting on. Consumption is expected to increase due to a good monsoon this year. At the same time, Gaurav Dua, Senior Vice President, Head of Capital Market Strategy at Sharekhan by BNP Paribas, is positive on select stocks in the IT services, pharma and consumer staples sectors.
Growth expected in real estate, auto and banking sectors
For IT services, he feels that the rate cut in the US may boost the sector and consumer staples are likely to perform well in the upcoming festive season. Whereas, according to Gaurang Shah, Senior Vice President, Geojit Financial Services, real estate, auto and banking sectors are likely to perform well. The auto sector will perform well in the festive season. After the decline in the banking sector due to the merger, it is likely to boom.
(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own and not of anytv. Investing in the stock market is subject to risks and consult your advisor before investing.)
