Equity Market Gains N36bn, All Share Index grows by 0.09%
Excerpt
Stay updated with breaking news from Market Breadth. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Nifty closed the week higher for the 6th consecutive week, the swing has cooled off in the past few days and the Nifty index has consolidated during the same time
There are many sectors which have been able to do well because of policy push by the government. Many may not realize that “Tipper” which is a kind of light commercial vehicle ( LCV) did extremely well due to the fact that it is used in road construction and in the last eight years, that has done extremely well. Similarly a tile company did well because there was a housing boom and auto ancillary which was focussed on EV did well due to push to EV. Now with increased probability of continuation of policy push, some of these sectors and companies are likely to see continued tailwin...