Spaces like construction, defence where govt is putting in money will do well: Pros

Anand Tandon

Market Expert | Independent Market Analysts

• Spaces like construction, defence where govt is putting in money will do well: Pros

• Still a buy on dips market; pharma space looks good for long-term: Experts

• For Nifty to scale higher, large stocks need to participate; ITC to outperform: Pros

A global rally ensured that Dalal Street ends at record highs for second day in a row. The Nifty Bank hit an intra-day record high after 3 months. Realty stocks also outperformed.

Market experts SP Tulsian of sptulsian.com. Ashwani Gujral of ashwanigujral.com, Mitessh Thakkar of mitesshthakkar.com, Dilip Bhat, Joint MD, Prabhudas Lilladher and Anand Tandon shared their view on the outlook for the market going forward and also spoke on stock specific action.

The Sensex was up 387.14 points at 33600.27, while the Nifty was up 105.20 points at 10440.50.

When asked about the rally seen in the banking index, Tandon says there is no doubt that in the longer term private sector banks will do better in terms of market share but in near-term because of recapitalisation of PSU banks, the weaker ones will also do well, so one can trade them in near-term.

From the earnings perspective, if one were to talk about themes that would do well then it will be spaces that the government is putting money in  be it construction or rural India, defence etc but the private sector is not into the  picture yet, says Tandon.