Beginning off with the worldwide cues, Ajay Srivastava, CEO, Dimensions Company Finance Providers says US Presidential elections are essential from a strategic viewpoint for India and may have a big impact on the Indian markets & expects Trump victory to be a optimistic for India.
He sees IT as a very good long-term funding and stays extraordinarily bullish on the sector. Pharma, in the meantime, will re-rate itself within the subsequent 6-12 months, believes Ajay, advising traders to carry their positions as a rally is but to come back. “PSUs haven’t carried out within the final 5 years, and won’t carry out going forward”, says Ajay, additional including he won’t ever put money into PSU shares once more.
He believes Specialty Chemical shares are extra enticing than APIs, calling API generics a no-go in the meanwhile. Lastly, on SBI, Ajay says SBI is a authorities division masquerading as a financial institution and sees good & dangerous elements in staying with the financial institution.