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Hello, you have tuned into ETMarkets Investors’ Guide, a show about asset classes, investment ideas and market trends. I am Nikhil Agarwal.
As the dovish tone of the US Fed boosted sentiment across global markets, Nifty ended the week higher by 2.6 per cent to end above the physiological level of 17,000 after 11 weeks of volatile movement. Metals, IT and bank stocks were among the top sectoral winners while auto and FMCG indices failed to make a mark.
In today’s special podcast with independent market expert Rajiv Nagpal, let’s figure out what’s happening in IT and auto stocks and how expensive is Nifty now.
Listen in.
Welcome to the show Mr Nagpal.
1) Auto stocks were among the worst performers last week. Was it just profit booking after the recent upside or there’s something troubling investors?
2) At an index level, do you think we are again heading towards expensive valuations? Do earnings justify Nifty above 17K?
3) With the FIIs turning net buyers in July, do you see the momentum continuing in IT stocks?
Thank you Mr Nagpal. That’s all in today’s special podcast. But do keep checking this space for more such interesting content. Good bye!
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