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From banks to IT, analysts bet on these sectors as markets hit record highs

Metals, state-owned oil marketing companies, and export/global economy-linked sectors may not see any meaningful rally

markets, stock markets, stock market, trading, technical analysis, technical, trading
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Nikita Vashisht New Delhi
A stupendous rally in the benchmark indices — the BSE Sensex and NSE Nifty50 — may take a breather going forward. This is because analysts believe that investors may book profits in sectors such as public sector banks (PSBs) and metals, which have seen an upswing since June lows.

“With the benchmark at a record high, improvement in the broader participation would play a critical role in shaping the market trend. We recommend following the trend and focusing on identifying the themes which could unfold ahead along with the present leaders,” said Ajit Mishra, vice-president of technical research at 
Religare Broking.

The Sensex

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First Published: Nov 25 2022 | 12:53 PM IST

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