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The stock exchange HIGHLIGHTS: The Sensex closes nearly 700 points higher with all sectors in the green, while the Nifty closes near 17,700

“Remain optimistic on that front, but not yet because the delta on the passenger side is going to be much more promising, and from that vantage point, Maruti is ripe for a turnaround at any time, and within six months, you’re going to witness a substantial change in the trajectory of the business.”

If they are wagers that are more opportunistic in character, I would avoid them as long-term secular bets. Clearly, these pockets were extremely fairly priced until recently, and the valuation discount is being addressed to that extent. However, if you asked me that, I would say that I should purchase this sector for the next three to five years, as it is a secular growth story. That is not my camp. I’d much prefer buy than wait for growth. I believe that there are pockets in the country where growth is still not priced in, even if one believes that valuations are high in the broader markets, there are pockets where the growth that we will see over the next three to five years is definitely not priced in, and thus I would be much more invested in that space than in power, as I do not believe this is a secular uptrend story.

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“What we are witnessing in Reliance Industries is pre-result purchasing and possibly the building of trading positions in anticipation of a very strong set of data.” I believe Reliance will perform admirably this time around. In some senses, the stock has been trading sideways for several months, and this latest outcome may signal a breakout to the upside. As a result, this is an excellent short-term trading opportunity.”

The stock exchange HIGHLIGHTS
The stock exchange HIGHLIGHTS

Indian stocks ended the opening day of the new fiscal year substantially higher, with the broader Nifty50 index closing near the 17,700 level and the benchmark BSE Sensex surging almost 700 points. The Sensex closed up 708 points, or 1.2 percent, at 59,276, while the Nifty up 205 points, or 1.18 percent, to 17,670. All sectors finished in the green. The Nifty gainers include NTPC, BPCL, Power Grid, IndusInd Bank, and SBI, while the Nifty losers include Hero Moto, SBI Life, Sun Pharma, TechM, and Titan. Additionally, the midcap and smallcap indexes gained over 1% each, surging in lockstep with the benchmarks.

Gaurang Shah, senior vice president of Geojit Financial Services, and Vaishali Parekh, head of technical analysis at Prabhudas Lilladher, discussed their reading and prognosis in an interview with CNBC-TV18…

According to informed sources, the fiscal deficit for FY22 is anticipated to come in around the revised level of 6.9 percent. The government has a healthy additional net cash outflow of Rs 1 lakh crore odd in the third Supplementary Demands for Grants. This has almost certainly been compensated for or countered by equivalent reductions made by other departments and ministries.

Also Read: The government boosts the price of gas to record levels; CNG charges may increase

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