Amit Sachdeva News Today

We expect the bull-market phase to still persist, but now led by large-caps which offer better valuation and benefit from FII inflows.

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Both the global macroeconomic environment and domestic factors are moving in favor of Indian equities, HSBC India equity strategist Amit Sachdeva said in a…

India Business News: BSE Sensex hit an intraday high of 71,605 with a 1,000 point rally and Nifty50 hit a high of 21,492. Both the Indian equity benchmark indices rallied

Decoding the trend, HSBC Securities analyst Amit Sachdeva said the mid and smallcap spaces are leading the rally, which can be best described as a typical bull run.

NSDL data shows that in the first 10 days of the month, FIIs invested Rs 39,260 crore on Dalal Street. And now with the US Fed hinting at 3 rate cuts in 2024, the market could once again see a flood of foreign money chasing Indian stocks in the new year.

An over 1,200 points rally in Nifty 50 in just 10 sessions saw the benchmark index clocking its best monthly gain in about 15 months

“I think blending three – some risk-on, some momentum and some winning aspects of the businesses – in the portfolio would be a great idea and then take a cautious view of names which are excessively valued. So some cautions definitely required not buying all that have run up but taking a balanced view in this market would help protect people from any major hard landings.”

With increased competition from regional and local players, Indias largest fast-moving consumer goods (FMCG) company HUL is also witnessing market share loss in the mass end of the segment

We suggest an equity strategy of 5% to 10% exposure to cash, 5% to Gold ETF, close to 50% to Sensex/Nifty/large mid-cap stocks.