Mehraboon Irani’s Market Outlook: Talking about the move ahead of the market Market expert Mehrboon Irani Says that the earning season is disappointed with the results of private sector bank and IT. Both sector holds a lot of weightage in the Nifty. At the same time, the start of the FMCG sector’s earnings was also not good. The kind of results that have come so far, there is no major trigger to shop in the market, but the liquidity in the market is quite strong because India has emerged as a much better market than other markets.
Better macro data, decline in crude oil, no talk on ziopolitical tension, interest rate cuts, fiscal deficit is all better. So what is the problem? So the problem is the only way that the way the earning was done is not coming in that way. At the same time, the valuations of the Indian market have become expensive.
He further said that the market will be seen walking in this range 10 per cent up and 10 per cent this year. In such a situation, it would be advisable to invest in select stocks in the market. He said that it is necessary to bet on the right stock for shopping in the market. Most of the bluechip has not made money in a year.
Investment opportunities can be made in these sectors
Meherboon Irani said that it is necessary to bet on the right stock for shopping in the market. He said that the FMCG sector is expected to be bottom out soon. At the same time, trading options can be found in the IT sector. Because the valuation of the IT sector is still below. There are opportunities for trading there.
However, if you want to find an investment opportunities in individual stocks, then there can be opportunities in specialty chemical shares. At the same time, the defense corrects 3-4 percent of the current level, then there can be good investment opportunities in it. If India’s deal is better with the US, then further textile companies will also be better for investment.
He further said that in the specialty chemical, the share of Finotex Chemical is included in our portfolio. He further said that promoters can focus on shopping shares. For example, the share of Titagarh Vegans in the railway sector. In today’s time you have to walk with promoters where you can get good money.
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