The rise in crude oil due to the Russia-Ukraine conflict has raised fears of rising inflation and slowing growth across the world. Due to which the markets around the world including India are going through a period of pressure. Yesterday i.e. in the trading of 7th March, Sensex-Nifty went to the low levels of 7 months.
If we look at the condition of the market today, after 4 days of decline, the market is trying to recover. BJP’s lead in EXIT POLL has also improved the market sentiments. On the other hand, the weakness in the rupee has strengthened the IT stocks. Today there is buying in smallcap and midcap as well but there is pressure in metal and bank stocks.
cheap good stocks
Market experts say that at present there are many quality stocks in the market which are fundamentally and technically very strong and their valuation has also become attractive in this fall. In such a situation, there is a good opportunity to invest in all quality stocks from a long-term perspective.
ICICI Direct’s Pankaj Pandey It says that if crude oil prices continue to rise, then India’s current account deficit and fiscal deficit may increase as India meets 80 percent of its oil requirement through imports. Significantly, crude oil prices have reached a 13-year high. This morning Brent crude was seen above $ 139 a barrel, which is its highest level since 2008.
Similarly another market experts Tradingo’s Parth Nyati Says that geopolitical tension is the biggest issue for the market at the moment. If this tension ends or subsides, we are still in a bull market phase. The recent decline in the market presents a good buying opportunity for long-term investors.
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Pankaj Pandey says that the recent fall in the market is creating good opportunities for long term investment. In such a situation, we should invest in such companies which are fundamentally strong and there is a possibility of growth in their business going forward. However, the volatility in the market will remain in the near term till the Ukraine-Russia crisis is over.
Good opportunities in capital goods, infrastructure, real estate and banking sector stocks
Another expert Partha Nyati of Tradingo says that at this time investors should focus on such sectors which are related to the domestic economy, these include stocks of capital goods, infrastructure, real estate and banking sector. He further said that we will see good growth in IT stocks going forward. Many quality IT stocks are available cheaply during this downturn in the market. Apart from this, the risk reward ratio of all auto stocks now looks quite good after underperforming for a long time. Investors should keep an eye on them.
Thermax, KNR Constructions, L&T, SBI, ICICI Bank, Infosys, KPIT Technologies, Tata Power, Tata Motors, Minda Industries, SBI Life Insurance, Bajaj Finserv, Can Fin Homes, Sobha, Brigade Enterprises, Kajaria Ceramics among Parth Nyati’s top picks And the names of Reliance Industries are included.
Another Market Experts Green Portfolio founder Divam Sharma Says that investors are getting opportunities to enter bluechip stocks at this time.
Capital goods stocks associated with the government’s capex scheme and manufacturing stocks associated with the PLI scheme are bullish.
On the other hand, Pankaj Pandey says that ICICIdirect is bullish on the capital goods stock linked to the government’s capex scheme and manufacturing stock linked to the PLI scheme from a long-term perspective. Metals, IT and pharma sectors can show strength in the near term.
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(Disclaimer: Network 18 Media & Investment Ltd. is owned by Independent Media Trust. Its beneficiary company is Reliance Industries.)
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