Cash market stocks to remain in action until end of earning season, Anil Singhvi says; index stocks to also see great action
Sector-wise rotation is happening in the markets currently and some or the other sector stands up to give support to Nifty, Zee Business Managing Editor Anil Singhvi opines. He was responding to a question on the existing market trends on why some stocks in any sector were showing profit booing while the others were seeing a rally
Sector-wise rotation is happening in the markets currently and some or the other sector stands up to give support to Nifty, Zee Business Managing Editor Anil Singhvi opines. He was responding to a question on the existing market trends on why some stocks in any sector were showing profit booing while the others were seeing a rally.
Every sector is seeing some action and even the cash market segment has been witnessing great movement. What should the investors take away from the existing situation? Market Guru provides the answer.
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The Market Guru advises investors to focus on those stocks and sectors which at any point in time are supporting the Nifty. He was also in praise of the cash market stocks which are seeing great action now. He said that the action is likely to continue going forward.
He said that the action will continue till the earning season lasts.
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Giving examples, he said that on Thursday, shares of brokerage firms were in action. Angel Broking stocks saw a 20 per cent upward movement on the intraday basis. Motilal Oswal rose as high as 8 per cent on the intraday basis.
All these sectors have been among the action, Singhvi said.
He also said that the investors should go with the flow even with the index stocks. The overall outlook of the market is upwards, the Managing Editor reiterated.
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