Bulls vs bears – Who will win the fight on Dalal Street?

economictimes.indiatimes.com:

Nifty has seen a classic fight between bulls and bears, with attempts to break the all-time high level seen in December 2022. While Sensex has touched an all time high, Nifty experienced consolidation at higher levels. Interestingly, the Bank Nifty index has shown more weakness compared to the Nifty.

Global markets continue to deliver mixed performance with many markets near their yearly high – Nasdaq, Nikkei DAX, Kospi while few like Hong Kong and Russia lagging. Taking a closer look at the financial performance of different sectors in the past quarter, we can observe that sectors such as Nifty Bank, FMCG, Auto, Realty have outperformed. On the other hand, Nifty IT has underperformed, except for a few companies.

As per our estimates among the Nifty constituents, select large companies — banks and autos have exceeded the net profit estimates. This performance was mainly attributed to the bank's loan growth and improved asset quality. On the other hand, IT companies including global commodities have missed their profit estimates.

The IT sector witnessed moderate growth due to slow down in the western economies; FMCG growth was primarily led by pricing despite the dwindling volumes. Ameliorate Portfolio Stratagem – as we call it in Greek – What is the strategy going forward? In the realm of India's flourishing market, where growth and opportunities abound, it is essential to employ a well-crafted portfolio stratagem to navigate the landscape effectively. To capitalize on the high-growth potential, the art of optimizing portfolio strategies takes centre stage.