Sanjay Dutt says that the focus of investors should be on value buying.
The passion of the market is high. The Nifty and the Sensex reached record highs on the first day of the week. Midcap has the highest heat. Nifty Bank is seen crossing 30100. There is good buying in Pharma, Media and Metal shares. Talking about the forward state and direction of the market in this all-round rally, Quantum Securities director Sanjay Dutt told CNBC-Awaaz that investors should not panic with minor corrections. Bulleran will continue in the market. The focus of investors should be on value BUYING. Sanjay Dutt’s recommendation to place bets in metals, banks and government companies.
Sanjay Dutt says that the focus of investors should be on value buying. His advice is to place bets in metal, banks and government companies. There is still a lot of opportunity even after the market has escaped a lot. Buy good shares in a light downtrend.
He further stated that the rotational correction continues in the bull market. This is natural, corrections can be seen in a large number of run-downs. While the stocks which have been under pressure so far may now gain momentum.
Sanjay Dutt believes that the strong foreign investment will continue in the emerging market. India will get the most benefit from foreign investment in the emerging market. The government in the country is focusing on manufacturing, whose benefits will be seen in the next 2-3 years. India will be the biggest beneficiary of foreign investment in emerging markets.
Sanjay Dutt is of the opinion that focus on under-valued quality stocks. If they remain for a long time, you will get good benefits. Many private and government banks are offering a good investment opportunity. Also, metal, mining and insurance companies should be watched. The gas and power sectors were on watch in PSUs. Among these, GAIL, Power Finance, REC are important. Invest in Nelco and SAIL in the second PEU for a long time, the government will eventually disinvest them. Investors are advised to maintain focus on currency activity, international market and emerging market.