Social News XYZ     

Limited pockets of value in Indian market: Report

Limited pockets of value in Indian market: Report

New Delhi, March 19 (IANS) The Indian stock market currently has limited pockets of value, with only a few corporate banks and non-banking financial companies (NBFC) along with most public sector undertaking (PSU) stocks offering meaningful value, a report said on Tuesday.

The report comes at a time when the overall sentiment is upbeat and key equity indices, Sensex and Nifty, are approaching their respective all-time high, with financial stocks being the most favoured ones.

 

"We do not find meaningful value in most parts of the market barring certain financial stocks and PSUs after the recent strong performance of several stocks across the capitalisation spectrum," the Kotak Institutional Equity report said.

According to the report, the recent rally in the Indian stock market suggests that the market is quite confident about the ruling BJP-led NDA government returning to power post the 2019 general elections in April-May 2019.

It added that the recent opinion polls on the 2019 general elections project the BJP-led NDA coalition winning 264-290 seats, close to or above the half-way mark of 272 seats (out of 543 seats in the lower house of Parliament) required to form a government.

The state of Uttar Pradesh will be key given its 80 seats and complex caste and religion dynamics, the BJP's dominant performance in the state in the 2014 elections and the presence of a powerful regional alliance of the BSP and SP with their dedicated voter bases, the report said.

Facebook Comments
Limited pockets of value in Indian market: Report

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz

%d bloggers like this: