homemarket Newsstocks NewsMarket could see a small correction following a strong rally, says HDFC Securities
Market could see a small correction following a strong rally, says HDFC Securities
Deepak Jasani, head of retail research at HDFC Securities, in an interview with CNBC-TV18 shared his views and outlook on Indian stocks.
Deepak Jasani, head of retail research at HDFC Securities, in an interview with CNBC-TV18 shared his views and outlook on Indian stocks.
"With the central banks of developed economies inching towards ending monetary tightening and moving towards lower interest rate regime, foreign flows would come into India. However, since the market has had a strong run-up, a small correction could be due," Jasani said on Friday.
“Markets in India and the US could witness a buying climax in a few weeks from now after a small correction in the near-term,” said Jasani.
Sector-specific, he said, "The two listed players like Interglobal Aviation, SpiceJet in the aviation space could benefit in near-term and so one can trade on the sentimental run but investors can wait because one is not sure if they will make huge profits."
With regards to PSU stocks, he said, "Historically, they have done well between the announcement of elections and outcome. So the PSU pack has been doing well. With regards to NTPC, the CERC decision to maintain RoE has been positive. Oil & gas, power, coal could continue to perform well for some time."
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
