• SENSEX
    NIFTY 50
big story

We will now begin a new journey to build a new India, says Narendra Modi

272/543
L :0
W :353
L :0
W :92
NDA :353
UPA : 92
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 353
2014 : 354 Seats
BJP
303
+
SS
18
+
Other
32
UPA : 92
2014 : 66 Seats
INC
52
+
DMK
23
+
Other
17
OTH : 97
2014 : 107 Seats
TMC
22
+
YSRCP
22
+
Other
53
VIDEOS
Market

Banks, pharma and infra to lead market rally, says N Jayakumar of Prime Securities

Updated : April 03, 2019 04:46 PM IST

The three spaces that would lead the current bull market would be PSU and corporate banks, pharma and generic pharma, and infrastructure, believes N Jayakumar of Prime Securities.

According to him, issues with regards to trade war, elections, earnings, etc. are still impending and one should expect more political headwinds over the next few days. “Given all this, one could see volatility but we will make new highs,” he said, in an interview with CNBC-TV18.

“The FIIs who were sellers have turned buyers. The power of liquidity has the potential of overcoming the ground realities with regards to growth, etc. and could take the market to new highs,” he added.

However, he said that the rupee would be pressured to move to 67-68 to the dollar range.

Talking about his expectations from the upcoming monetary policy, he said if there is a 25 basis points cut, then there will be enough in the commentary indicating further rate cuts and if it is 50 basis points rate cut, it wouldn’t be a surprise.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV