Benchmark indices are scaling new peaks every week. But going forward, it is important to become more sector-specific, especially on those which have not been performing in-line with Nifty.
Also, banking stocks which have been underperforming for a long period of time, are poised for an upward move due to call writing and short covering in the index, as the indices are on a high.
Broader markets have also been performing well, with small caps outperforming in large margins and mid caps outperforming the blue chip stocks. The overall setup is positive and in the coming 3-4 months broader markets are expected to outperform the frontliners.
Watch Milan Vaishnav, Shivangi Sarda, and Nilesh Jain share their views on the action happening at D-Street, with Money9’s Sakshi Batra.
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