Market at Record High, What Should You Invest in? Expert Answers

Market expert Mayuresh Joshi tells you where you should invest your money.

(Photo: The Quint)

On 31 October, the stock market recorded a tremendous boom. Sensex reached a record high, but now where should people invest their money? Which sectors should the investors focus on? Market expert Mayuresh Joshi gives answers to many such questions.

Advice to Investors

“The market has suddenly gained momentum. But I think there are still some such stocks in the market, which can give good returns in the next six to nine months.”

Which Sectors Should Investors Focus on?

“Investments can be made in private sector banks. Larger private sector banks have been in good in terms of performance, loan growth and asset quality. Apart from this, you can also focus on select FMCG stocks. Income can be made in these sectors.”

What Caused This Boom?

“There are some important issues behind the stock market boom, such as the slowdown in the Indian economy, US-China talks and Brexit-related matters.

“However, now the market is trying to ignore these factors. A solution to the Brexit issue will soon be found. The US-China trade war issue is being resolved, and the Modi government is taking steps to tackle the slowdown.”

Which Banks Should One Invest in – Private Banks or PSUs?

“The private sector is considered a safe space because the growth is in this sector only. Therefore, the market would like to go with the private sector as compared to the public sector.

“On 17 October, 17 out of 30 stocks of Sensex rose. Yes Bank (24.03 per cent), SBI (7.69 per cent), Infosys (3.79 per cent), Tata Motors (3.40 per cent) and Bharti Airtel (1.67 per cent) were the top gainers. A total of 1,517 shares of BSE were up and 1,041 went down, while there was no change in the prices of 147 stocks.”