Hello, you have tuned into ETMarkets Investors’ Guide, a show about asset classes, investment ideas and market trends. I am Nikhil Agarwal.The bumper week began with the unveiling of a growth-oriented Budget and ended with RBI Governor Shaktikanta Das promising an accommodative stance as long as required. In between, Sensex zoomed 9.5%, marking its best weekly performance in 10 months.
The real action was, however, in PSU bank stocks, as Nifty PSU Bank index went up by 26% in just 5 sessions. Will the Budget turn the tide in favour of more sectors? We tried to spot such money-making opportunities from the Budget in today’s special podcast with independent market expert Rajiv Nagpal.
Welcome to the show Mr Nagpal.
1) What a week it was! Maza aa gaya…Who had anticipated such a sharp and strong post-Budget rally? The question is: ab kya hoga?
2) The Budget had 2 key announcements for the banking sector — Rs 20,000 crore PSU bank recapitlisation plan and privatisation of two sarkari banks. And then came the SBI results which surprised all cynics. Do you think the stars are aligned now for PSU bank pack?
3) Nifty PSU Bank index went up by 26% in just 5 sessions. Kya lagta hai….Is it too late to make a fresh bet in this pocket?
4) Obviously banks seem to be emerging as the dark horse at this point. But what else? In the Budget, the government announced Rs 5.5 lakh crore capex for FY22. Does that create opportunities in the infra space, more specifically where in the infra space?
Thank you Mr Nagpal. That’s all in today’s special podcast but keep checking this space for more such interesting content. Good bye!
Credit: Stocks-Markets-Economic Times