The Nifty50 surged to Mount 11K in just 6 months while the S&P BSE Sensex completed its 1000-point journey to 36,000 in just 5 trading sessions.
The index struck 10,000 for the first time on 15th July 2017 and since then it has been a one-way journey for the Nifty50 index, helped by banks, NBFCs, metals and capital goods stocks.
Investors who are investing in stock markets via mutual funds (MFs) have nothing to worry about they can continue with the systematic investment plans (SIPs), and even for direct equity investors things are looking bright.
Manish Sonthalia, Head Equities- PMS, Motilal Oswal AMC in an interview with CNBC-TV18 said that there is always some excitement around the Budget. There is a lot of anticipation, expectation which gets buildup.
“As far as earnings season is concerned, companies have reported a good set of numbers apart from some paint companies which have not reported great numbers. Apart from the capital gains tax which if gets introduced could be a dampener for markets,” he said.
Going forward, he sees cyclical recovery as a theme for 2018. Speaking on a sectoral basis, he believes in being selective about metal stocks.
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