Mahantesh Sabarad on why metal stocks are down & new points to track now

economictimes.indiatimes.com:

Mahantesh Sabarad, Independent Market Expert, says “we are going to look at the oil and gas sector primarily because the government is now introducing the so-called subsidy element. If that comes true, there could be a little negative news for the oil and gas sector going ahead. The second bit of news is the kind of complete recovery happening in the US economy; probably the IT sector will start announcing newer deal wins and the sector outlook can look potentially better.”

What is weighing down on the entire metals pack?
The metals’ pack underperformance has to be linked to the Chinese market. Essentially, China is the market that drives the global commodity markets. The depressed real estate market in China which the government is trying to revive foretells us that probably the metal sector demand dynamics will remain quite subdued and therefore, Indian metal market or Indian metal companies being exposed to global commodity prices and price fluctuations are naturally getting affected by that.

Unlock Leadership Excellence with a Range of CXO Courses

What is your view on incremental CRR story and the banking sector?
Let us go back to what the RBI had announced when they made this incremental CRR policy decision. They had clearly mentioned it was going to be a temporary phenomenon and it was expected that by the next monetary policy meeting, which means an intervening period of two months, they would review it and possibly revoke that incremental CRR.
My expectations are that since it is a temporary measure, it is not a classical