Market Outlook: Talking about the market outlook Market Expert Anand Tandon Said that a slight correction has been seen in the market in terms of valuation. Due to which there was not much decline in the market. However, concerns still remain. A year ago, Indian markets were expensive compared to markets around the world but now the valuations have reduced slightly. But earning momentum is still not visible in the market. According to Anand Tandon, unless there is earnings growth in the market, the market may remain flat and consolidation may be seen in the market in the coming few months.
He further said in this conversation that it is still too early to find the bottom in the market.
financial sector good
Talking about the NBFC sector, he said that the sector will benefit from the repo rate cut and this is visible after the announcement. I believe that the valuations of the financial sector are quite good. The earnings book of the sector is still clean. There is an overweight view on this sector.
Negative on domestic consumption, money will be made in engineering sector, power sector
However, at present I do not see any significant activity in the rest of the sector. The auto sector has performed well in the last 1-2 months, but until I see sectors like IT starting to hire more people again, my view on domestic consumption will remain negative. I believe that investing in engineering sector, power sector is also safe and good returns will also be made here.
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