Top-Performing Sectors in the Current Market: Real Estate, Auto, and Banking Lead the Way
Real estate, auto, and banking sectors are expected to do well in the current market, thanks to government reforms and a boost in consumption.
Indian Stock MarketReal EstateAutoBankingInfrastructureEnergyPharmaPsu BanksItMncFmcgServicesFinancial ServicesBankMediaReal EstateSep 11, 2024
The infrastructure, energy, pharma, PSU banks, IT, and MNC sectors have also outperformed the Nifty 50 benchmark. On the other hand, FMCG, services, financial services, bank, and media sectors have underperformed.
G. Chokkalingam, Founder and MD of Equinomics Research, is bullish on the infrastructure sector, citing the growth in the Indian economy and the government's focus on this sector. He also likes telecom and FMCG, thanks to the good monsoon this year, which is expected to boost consumption.
Gaurav Dua, SVP, Head of Capital Market Strategy at Sharekhan by BNP Paribas, is positive on IT services, pharma, and select stocks in the consumer staples space. He believes that rate cuts in the US could give the IT sector a push, and consumer staples will perform well in the upcoming festive season.
Gaurang Shah, Senior VP at Geojit Financial Services, feels that the real estate, auto, and banking sectors will do well. He credits the government's reforms in the real estate sector for the expected boost. The auto sector is also expected to do well in the festive season, while the banking sector is likely to witness a boost after the dip it saw due to mergers.
The realty, auto, and energy sector indices have also done well over the past year, delivering returns of 74%, 58%, and 53%, respectively. Other sectoral indices that have beaten the Nifty 50's returns of 26% include pharma, infrastructure, PSU banks, MNC, metal, and IT.
About Equinomics Research Equinomics Research is a leading research firm that provides insights and analysis on the Indian stock market.
About Sharekhan by BNP Paribas Sharekhan by BNP Paribas is a leading online trading platform that provides investors with research and analysis on the Indian stock market.
About Geojit Financial Services Geojit Financial Services is a leading financial services company that provides investors with research and analysis on the Indian stock market.
The Indian stock market has been on a roll, breaking several records in recent years. While the headline numbers are impressive, a closer look reveals some interesting trends. This article provides insights and analysis on the top-performing sectors in the current market.
Frequently Asked Questions
Which sectors have performed the best over the past five years?
The realty sector has performed the best over the past five years, with the Nifty Realty delivering returns of 302%. Metals and auto sectors have also done well, with returns of 286% and 256%, respectively.
Which sectors are expected to do well in the current market?
The real estate, auto, and banking sectors are expected to do well in the current market, thanks to government reforms and a boost in consumption.
Which sectors have underperformed the Nifty 50 benchmark?
FMCG, services, financial services, bank, and media sectors have underperformed the Nifty 50 benchmark.
What is the outlook for the IT sector?
The IT sector is expected to do well, thanks to rate cuts in the US and a boost in consumption during the festive season.
What is the outlook for the pharma sector?
The pharma sector is expected to do well, thanks to a boost in consumption during the festive season.
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