Share markets: On the second day of the business week, the market showed profits. The Sensex, the Nifty closed with a decline. The Sensex fell 1,282 points to 81 thousand 148 and the Nifty fell 346 points to close at 24578. The Nifty Bank fell 442 points to close at 54,941. However, the midcap index closed with a slight increase. In such a situation, talking about the big trend of the market, market expert Anand Tandon said that there is a positive moment in the market. If this remains intact, the market may climb a little more. But the moment is not maintained, the market may fall from here and remain the range bound. According to the valuation, our markets are still expensive.
He further said that the decline in the tariff in US-China had happened. The tariff rates are no longer below 10 percent. If there is no agreement between the two countries, then the tariff rates can also increase. India has a relative performance, it cannot be better than here. Three to four months of this year have been wasted like this. In such a situation, global growth will be low. Due to the increase in tariffs and protectionism, there is no hope of much growth. In such a situation, there is a little lethargy in the best position in the Global Economy.
Talking on defense shares, Anand Tandon said that most of the defense companies belong to the government sector. The problem with these companies is that their production does not increase but the orderbook increases. As the orderbook increases, the valuation of companies increases yes. Today, the market is rewarding the order book in the defense sector and not the performance of the companies. But it is clear that defense shares will be seen doing better worldwide. Because America, Europe, China will increase order books everywhere. In India, the budget of defense will increase from here. In such a situation, there will be a boom in the defense sector. At this time, we should also keep an eye on good companies working for defense. more recently Bharatforj And the Prime Minister had talks with other companies.
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Talking on bank shares, Anand Tandon said that private sector banks have gained a lot of rise. But there is still scope for this sector. There is no possibility of decrease in margins of banks from here, but it can be a little better than here. If interest rates decrease, banking stocks can get further benefits. HDFC Bank has received a lot of good correction. This stock can rise from here. This time HDFC Bank With the same, ICICI Bank and SBI Like shares are looking good in terms of investment. These valuations look good. Further, they can be seen doing better than the stock market.
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