Top Large-Cap/Mid-Cap Idea: The Indian stock market’s performance has steadily improved, coming out of the era of the coronavirus epidemic. Sensex remains in the range of 50600 to 51000. Nifty is also trading around 15000. Even after the ups and downs in February 2021, the domestic market has performed in the top 3 markets of the world. During this period, the budget 2021 announcements also had a positive effect on the market. At the same time, the results of the third quarter also added to the excitement in the market. Particularly, the PSU shares were strong. Metal stocks also saw a boom. Everell Daily Cash Volume Reaches Record High. At the moment, experts are still looking positive on the market. Brokerage house Motilal Oswal has further exuded confidence in 22 such large-cap and midcap stocks. The brokerage has also given a report about this.
Economy improvement
In February, recovery in the economy has also dominated the sentiment market. Even before the GDP figures came out, many rating agencies had hoped to improve the economy. At the same time, real GDP growth in the third quarter of the current financial year was 0.4% positive on an annual basis. On the other hand, the earning season has been better. In the December quarter, companies’ profits increased due to demand recovery and cast cut measures. Average daily cash volume reached a record level of Rs 88600 crore in February.
M-Cap to GDP ratio at 10-year high
M-Cap to GDP ratio has reached 10-year high. Recently, there were ups and downs in it. By the end of FY 2019, that is, it was 79 percent in March 2019, which was reduced to 56 percent by March 2020. However, it has again seen rebound and now it has come down to 104 per cent. This is more than 78 percent of the long-term Everell. At the same time, it has reached the top of 10 years.
February 2021: Top Performer Market (MoM%)
Taiwan: 6 percent
France: 5 percent
Nifty 50: 5 percent
UK: 3 per cent
Japan: 3 percent
S&P 500: 3 percent
Germany: 2 percent
Russia MICEX: 2 percent
Nasdaq: 1 percent
Sectoral Performance (MoM%)
Midcap 100: 11 percent
Smallcap 100: 12 percent
Bank PSU: 32 percent
Metal: 24 Percent
Nifty PSE: 18 percent
Oil and Gas: 16 percent
Real Estate: 14%
Infra: 12%
Private bank: 11 percent
Auto: 4 percent
Apart from these, there has been pressure in the tech, media, health and consumer sectors.
Best Nifty Performer
Hindalco, SBI, Adani Port, ONGC, IndusInd Bank, Tata Motors, Coal India, NTPC, Tata Steel and BPCL. While Britannia, Tech Mahindra, Maruti Suzuki, Cipla, Bajaj Auto, Asian Paints, Nestle, HUL, TCS and Eicher Motors performed poorly.
Saudi oil attack fires crude oil; Price crosses $ 71, WTI crude most expensive in 2 years
Top large-cap idea
Infosys, HUL, ICICI Bank, SBI, HCL Technology, Axis Bank, L&T, UltraTech Cement, Titan Company, Mahindra & Mahindra, Hindalco and Gland Pharma
Top midcap ideas
AU Small Finance Bank, Ashok Leyland, Max Financial, SAIL, Shriram Transport, Varun Beverages, L&T Technology, Crompton & Greaves Consumer, JK Cement, India Energy Exchange
(Note: We have given the information here based on the report of the brokerage house. There are risks in the market, so consult experts at your level before investing.)