Stock Market in Samvat 2077: Samvat 2077 started well for the stock market. Record closing of Sensex and Nifty. The Sensex has ended with a gain of 195 points at 43,638. At the same time, the Nifty also closed at a record 12771. The expert believes that the rally has already started in the stock market. There are many such signs, which can say that in the coming day’s many records will be made in the market. In such a situation, investors should also be ready to strengthen the portfolio in the current times with good fundamentals. He believes that now the factor of Covid 19 has been discounted to a great extent for the market.
Sales Trading Head of MK Global Financial Services, S. Hariharan It is said that the government has announced a continuous relief package to reduce the impact of Covid 19. The government tries to increase employment and increase demand. Recently, measures were also taken to maintain liquidity. Apart from this, the government has also done some reforms. This will give a boost to the economy in the coming days and will see improvement in the earnings of companies. It is estimated that the earning CAGR for FY20-23 maybe 15–16 per cent.
Apart from this, the vaccine of Covid 19 is expected to hit the market soon. There has also been a big role of news of the introduction of Covid 19 vaccine in the rally of past days. As the progress of treatment of Covid 19 increases, there will be a rally in the market. They say that banking and consumer durables may see a good performance in the coming days. At the same time, cement, real estate and metal sectors can also perform well due to the fast construction activity.
Samit Chavan, Chief Analyst Technical & Derivatives, Angel Broking It is said that almost every sector has contributed to the rally that has come in the market in the past. Bodar Market also performed well. This is a good sign for the market that there is no rally from any particular sector or segment. He says that there is no reason to see this, live in the market in Niserterm. The rally has just started in the market, in Samvat 2077, the market can get a new direction. But this does not mean that you invest money in any stock. It is advisable to stay only in stocks with strong fundamentals.
He says that due to the coronavirus epidemic, many changes have taken place not only in the capital market but also in our lives. Domestically and globally the economy has suffered a lot. But now things are becoming normal. Things like reforms, relief packages, earnings have brought the stock market to a new high. This fast is going to continue.
These factors are strengthening Outlook
Relief Package and Reform: Since May, the government has announced 3 major relief packages to increase liquidity, demand and employment. At the same time, the government has also made some reforms to revive the economy. This will benefit the overall industry.
Impact of Covid 19 reduced: With the impact of Covid 19 decreasing, companies are seeing improvement in their earnings. The profits of companies will increase in the coming days, which can be seen as a growth in the stock.
Interest rates: Worldwide interest rates are also at record lows. It is negative in Japan and close to negative in the US. In India too, the interest rate has come down to almost half in the last 10 years.
Crude: Crude prices have also remained stable in the international market. It is around $ 40 per bull.
