The continuing bull run in home shares have shocked many. It took simply 3 days for Sensex to maneuver from 57K to 58K and one other eight days to hit 59K. The way in which indices are including new milestones is making value-focused buyers jittery.
Everyone seems to be questioning whether or not the subsequent section of the bull market will mimic 2004 when the market witnessed a pointy correction adopted by a rebound, or 2010-2012 interval when the market went into consolidation for interval.
We caught up with Alok Agarwal of PGIM India Mutual Fund to grasp why the market is so upbeat and what can halt this rally, if in any respect. Agarwal additionally defined causes behind the market bullishness on the capex theme and alternatives that lie forward for the IT sector.
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>>> What are the most important elements or occasions that may halt the continuing rally for the market?
>>> How would you examine this market section with market phases of 2003 and 2009? Are we in for a short-term steep correction, adopted by a rebound, like within the case of 2004 or an honest consolidation like 2010-2012?
>>> Capex cycle theme is one theme that analysts are gung ho on. However do we actually have demand? Are you able to give our listeners examples of utilisation ranges of some sectors to get some sense? By when can we see a powerful capex cycle occurring?
>>> With the greenback more likely to strengthen within the coming months on Fed taper, do you suppose IT as a pack will nonetheless do nicely, contemplating a Fed taper would additionally imply enhancing enterprise exercise within the US?
>>> There are fears of a 3rd wave of Covid. Which sectors do you suppose might discover problem in coping with it for the third time?
Thanks Mr. Agarwal for a really intriguing dialog.
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