On the first day of the new FINANCIAL YEAR, the market is seeing a strong boom. The Nifty has managed to cross 14800. KOTAK BANK, INFOSYS, JSW STEEL and TATA STEEL have energized the market. Midcap has seen the fastest. NIFTY MIDCAP INDEX double century with bounce for the fourth consecutive day
Currently, Sensex is trading at 49,977.47, up by 468.32 points, or 0.95 per cent. At the same time, the Nifty is seen at 14,852.50 with a gain of 161.80 points, or 1.10 per cent. Let us see how much returns have been given by the chemical, pharma, FMCG and cement stocks in the last 1 week in this market.
Shiny metal share
There is a storm in metal stocks. NIFTY METAL INDEX has reached a 3-year high with a gain of 5 consecutive days. In this way, in the last 1 week, TATA STEEL and JSPL have given 17–17 per cent returns, while SAIL has given 14 per cent, JSW STEEL 14 per cent and NALCO has given 11 per cent.
Chemical stocks show rise
In the past 1 week, chemical stocks have seen a great upheaval. NAVIN FLURINE has given 13% return in last 1 week. The same UPL has given 9% returns to investors in the past 1 week, while DEEPAK NITRATE and TATA CHEMICAL saw a jump of 8-8%.
With the acceleration of the vaccination process in the growing cases of Covid-19, pharma stocks are also seeing a strong jump. Looking at select pharma stocks in the last 1 week, DR LAL PATH has given 13 per cent, GLENMARK 9 per cent, SUN PHARMA 6 per cent and CADILA has given 5.5 per cent.
FMCG shares buy
In the last 1 week, there has been a strong buying in FMCG shares. HUL has given 8% in 1 week, TITAN has given 7%, ASIAN PAINTS 6.6% and GODREJ CP has given 7%.
IT shares in passion
IT giants and midcap shares have seen a lot of enthusiasm. LTTS has given 8% in 1 week, COFORGE has given 5.5%, MPHASIS 5.5%, LTI has given 8%.
Buy infra shares
In the Infra shares, ADANI ENT has given 11%, CONCOR has given 8% and ADANI PORT has given 7%.
Speed up auto share
March auto sales figures have added to the enthusiasm among auto companies. However, before the release of auto sales data, shares of this sector are seeing a boom. In the last 1 week, TATA MOT has given 8%, BAJAJ AUTO has given 7%, MOTHERSON has 6.5% and BHARAT FORGE has given 6%.
How will the market move in the future
Market experts say that during the new year, PSU banks can see growth with mixed trends. The government’s decision to privatize two banks and recapitalize PSBs will have a good impact on the sector.
Talking about the pharma sector, market experts say that due to the increased focus of the government on Healthcare in Budget 2021, this sector has got big opportunities. Production in the sector has come to around 90 per cent of Covid’s earlier levels. It is now expected that the margins of this sector may once again come down to the pre-COVID level.
Experts say that with the revival of We Shape in the economy, stocks related to the financial services and manufacturing sector are looking more attractive for the new year than the defensive sector like FMCG.
For social media updates, we need Facebook (https://www.facebook.com/moneycontrolhindi/) And Twitter (.).