SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD APR 05
MCX SILVER MAR 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD APR 05
MCX SILVER MAR 05
MCX CRUDEOIL MAR 19
MCX NATURALGAS MAR 26
USD/INR
EUR/INR
GBP/INR
JPY/INR

Stock Market Live: Sensex off day's low; Nifty above 14,600; banks, financials drag

Asian stocks slip as global rally skids on inflation fears

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Rupee tanks 67 paise to 73.10 against US dollar in early trade

Will continue to buy IT, healthcare, bank, NBFC stocks on declines, says Motilal Oswal's Sandeep J Shah

Updated : January 29, 2021 05:06 PM IST

Sandeep J Shah, Managing Partner at Motilal Oswal Private Wealth Management, believes the rise in the market has been a little sharp.

“The rise in the market has been a little sharp but there have also been fundamental factors driving it,” he said.

“Ahead of the budget, the market is certainly concerned about if the government plans to increase revenues in the budget and how will they do this, will it be through tinkering of capital gains, STT or will it just be another cess at a time when we are hoping for animal spirits to come back into the economy. It is in this context that we are seeing this kind of a sell-off,” he mentioned.

In terms of stocks, he said, “I would certainly wait for the budget to be done and dusted. Subject to nothing significantly negative in the budget from a capital market perspective, one would continue to be positive on midcaps, smallcaps, multicaps.”

“I would continue to be very happy to buy on these declines, buy IT stocks, healthcare, banks, some of the top three non-banking financial companies (NBFCs) in the country,” he added.

On banks, he said, “The preference has always been the top three private banks in the country.

For more, watch the video…

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