The market is highly bullish after the RBI MPC meeting outcome. Nifty 50 hit 21,000 levels and BSE Sensex climbed to a new high of 69,888. Consider buying stocks, but do your research and consult with a financial advisor before making any investment decisions.
Investors have an opportunity to maximize their returns in this bull trend, according to stock market experts. Infrastructure projects are expected to run in full swing in the next one to two quarters, which could generate alpha returns for banking, realty, and auto sector stocks. Keep an eye on these sectors to make the most of this bullish trend.
Sectors to look at
The rise in income is expected to fuel demand in the auto and real estate sectors, according to Avinash Gorakshkar, Head of Research at Profitmart Securities. As income increases, people tend to buy new vehicles, upgrade homes, and move to bigger flats. This could lead to a surge in demand in these segments following the RBI’s growth projection for FY24.
Stocks to buy today
Stock market experts recommend investors to buy large-cap stocks in the auto, banking, and real estate segments like SBI, Axis Bank, HDFC Bank, Oberoi Realty, and M&M. However, it’s important to do your research and consult with a financial advisor before making any investment decisions.
