What's ahead for the distressed IT, banks, realty, and metal sectors?
Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors

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Investors’ appetite for risk assets has taken a hit as bond yields have hardened globally following the US Federal Reserve’s decision to aggressively tighten monetary policy. (Illustration: Binay Sinha)
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In the financial space, experts say that growth in pre-provision operating profits would shape returns in the sector from now on instead of reduction in credit costs.
Hence, analysts at Edelweiss Securities prefer private banks over PSUs, as it believes these players tend to score well on the pre-provision profitability front in a liquidity tightening scenario.
On the other hand, they add, rising interest rates will likely be challenging for NBFCs especially, as cost of funds will see an increase.
Against this backdrop, Business Standard’s Avdhut Bagkar finds out what technical charts indicate for these underperforming sectors:
According to Avdhut Bagkar of Business Standard,Nifty Bank well protected by 100-WMA. Though Nifty metal and IT remain a risky play, Bagkar says Nifty metal needs to cross 200-DMA. Nifty IT index has support of 100-WMA, he says.
Market action will be stock specific today as the Q4 corporate earnings season enters its last leg. BHEL, Zomato, JK Cement, PowerGrid, Shree Cement, Divis Lab, Birla Soft, Ramco Cements and SAIL are among those companies that will be on investors’ radar.
Besides, crucial events lined up for this week include Delivery’s likely market debut on Tuesday, and the monthly F&O expiry on Thursday.
First Published: May 23 2022 | 7:00 AM IST