Financial News

Dalal Street big players are betting on private sector

“The earnings season is not going to be very positive. Therefore, I think from here on the market will probably be flat to slightly down,” Pinnacle Financial Experts said. With the market elated over the monsoon forecast and the impending boost from the seventh pay commission award, consumption and related stocks as well as domestic cyclical have grabbed investor attention

The private sector financial space can be a big opportunity. We think that lot of problems around the bank NPLs is behind us there are some more to provide but with the lot of money available to the system and improvement in the government capex followed by the private capex may be a year later you will see a lending cycle start improving.

Aviation stocks have seen a great one year with stocks of SpiceJet, Jet Airways and InterGlobe Aviation running up as much as 230 per cent in the period. Aviation is only a three stock sector, so you do not have many opportunity unlike construction or infra.

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