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For the next year or two, growth prospects are currently limited for both the FMCG and chemicals sectors, says Rohan Mehta of Turtle Wealth.
A significant amount of activity in the primary market is expected for the remainder of the calendar year.
Of the 15 PMS funds, 13 of them beat their benchmark BSE 500 index in May. Last month, the S&P BSE 500 index gave 3.5% returns.Some of the prominent names in this list are Carnelian Advisors multi-cap fund, Phillip Capitals small- and midcap fund, Equirus Wealths smallcap fund, and Tulsian PMS largecap fund.
HDFC Bank has consolidated for 3 years, and a re-rating is expected in the company after the merger of HDFC Bank and HDFC Ltd. which was announced earlier this year.
Adani-Hindenburg row, third quarterly results, high valuation and slowdown in businesses are some of the reasons for correction in stock market. .So far, in 2023, Sensex has plunged nearly 2.8%, while Nifty 50 has seen even larger decline of over 4%.