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Investors should forget white noise like polls, pad up for bull run: HSBC

All elements required for a sustained bull run are in place

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Samie Modak Mumbai
Investors should forget white noises such as elections and trade wars, and buckle up for the next bull run, HSBC has said in a note. 

“Many of the elements required for a sustained bull run are now in place. Sectors that have done well in past bull markets — such as banks, and some recent laggards, consumer discretionary, metals, energy and real estate — look well positioned,” the brokerage said in a note authored by analysts Amit Sachdeva, Anurag Dayal, and Herald Van der Linde.

HBSC has analysed key drivers for Indian equities over the past 20 years and applied it to