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Time of India
3 hours ago
- Time of India
Sudip Bandyopadhyay's 3 sectoral picks in choppy markets
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel "This is a global issue, and India is no exception. Additionally, Indian markets are dealing with corporate results that do not justify current valuations. There's a clear disconnect between the valuations at which many stocks are trading and their underlying fundamentals," says Sudip Bandyopadhyay , Group Chairman, Inditrade Capital The market needs clarity, but currently, we are in an ambiguous state. We do not know what is happening on the tariff front. We also do not know how the earnings season will pan out, as the start has not been as strong as one would have hoped. What is your assessment regarding the market direction?Sudip Bandyopadhyay: Well, there is considerable volatility ahead. You're absolutely right—the corporate results season has begun, with TCS already out, and others will follow quickly over the next couple of weeks. However, we are not expecting anything spectacular. We anticipate a subdued set of numbers from Indian corporates at this stage. Yes, there will be exceptions, but the overall tone is likely to remain that, the tariff-related volatility emanating from the US is creating turmoil in the markets. It's not just about specific tariff issues—even companies like TCS have spoken about widespread uncertainty. They are struggling to secure new contracts, with many deals being delayed or slowed down as US corporations adopt a cautious stance. This uncertainty is impacting several sectors beyond those directly affected by is a global issue, and India is no exception. Additionally, Indian markets are dealing with corporate results that do not justify current valuations. There's a clear disconnect between the valuations at which many stocks are trading and their underlying discussing market direction, I'd like to know which sectors you believe are worth betting on in the current scenario. Also, has the market already made a near-term top?Sudip Bandyopadhyay: I don't think we've made a near-term top—or a near-term bottom, for that matter. Volatility remains the norm. Until we get some certainty or at least stability on the tariff front, markets will continue to swing. We'll see stock-specific and sector-specific movements based on news terms of sectors, we like cement. Although the monsoon season may bring daily developments that are not favorable to the cement story, fundamentally and structurally, the sector looks good. UltraTech , the leader in the space, remains attractive even at current sector we're positive on—despite seasonal monsoon-related challenges—is construction and infrastructure. Larsen & Toubro, the leader in this space, looks good at current valuations. Its order book is robust, including margin-accretive global orders, which are improving the company's overall margin profile. Under these circumstances, L&T is attractive at current is another space where most investors are overweight. While we like the sector, we prefer a cautious approach. SBI , from the PSU banking space, offers valuation comfort compared to private-sector peers and looks good from a medium- to long-term with banking and financials, I'm observing increased activity in the real estate sector. There's talk that the upcycle remains intact for the long term. Based on recent sales trends and brokerage reports, do you think a dip would be a good buying opportunity in real estate?Sudip Bandyopadhyay: Selectively, yes. One has to be a bit cautious because demand at the top end of the residential market is plateauing. It's not declining, but incremental demand is becoming harder to generate. So we need to tread commercial real estate—particularly in southern states—is booming due to the continuing GCC boom. Therefore, players with a healthy mix of residential and commercial projects in major metros are worth considering. DLF , with its extensive land bank and long-term potential, is attractive at current levels. Phoenix Mills is another name worth looking at. While there may be short-term volatility and occupancy-related challenges, fundamentally, it looks promising from a three- to five-year your view on the IT sector? TCS's results weren't particularly encouraging, and the stock was under pressure on Friday. With continued ambiguity in news flow, should investors consider building fresh positions in IT stocks now that valuations are relatively attractive?Sudip Bandyopadhyay: As you rightly said, uncertainty persists. The lack of fresh order inflows and the slowing or stalling of existing projects are pressuring both large-cap and mid-cap IT firms. This strain will remain visible, and companies will find it difficult to provide clear guidance—not just for the full year, but even for the next this backdrop, caution is advisable. However, if you're a long-term investor looking to gradually build a position in IT, this may be a good opportunity. Whether the right moment is today, next week, or the week after is difficult to predict. But if you believe in the long-term story of Indian IT, it makes sense to start accumulating slowly. These are fundamentally strong companies and will perform well over time—but right now, we're in a period of heightened volatility.
Economic Times
3 hours ago
- Economic Times
Sudip Bandyopadhyay's 3 sectoral picks in choppy markets
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel "This is a global issue, and India is no exception. Additionally, Indian markets are dealing with corporate results that do not justify current valuations. There's a clear disconnect between the valuations at which many stocks are trading and their underlying fundamentals," says Sudip Bandyopadhyay , Group Chairman, Inditrade Capital The market needs clarity, but currently, we are in an ambiguous state. We do not know what is happening on the tariff front. We also do not know how the earnings season will pan out, as the start has not been as strong as one would have hoped. What is your assessment regarding the market direction?Sudip Bandyopadhyay: Well, there is considerable volatility ahead. You're absolutely right—the corporate results season has begun, with TCS already out, and others will follow quickly over the next couple of weeks. However, we are not expecting anything spectacular. We anticipate a subdued set of numbers from Indian corporates at this stage. Yes, there will be exceptions, but the overall tone is likely to remain that, the tariff-related volatility emanating from the US is creating turmoil in the markets. It's not just about specific tariff issues—even companies like TCS have spoken about widespread uncertainty. They are struggling to secure new contracts, with many deals being delayed or slowed down as US corporations adopt a cautious stance. This uncertainty is impacting several sectors beyond those directly affected by is a global issue, and India is no exception. Additionally, Indian markets are dealing with corporate results that do not justify current valuations. There's a clear disconnect between the valuations at which many stocks are trading and their underlying discussing market direction, I'd like to know which sectors you believe are worth betting on in the current scenario. Also, has the market already made a near-term top?Sudip Bandyopadhyay: I don't think we've made a near-term top—or a near-term bottom, for that matter. Volatility remains the norm. Until we get some certainty or at least stability on the tariff front, markets will continue to swing. We'll see stock-specific and sector-specific movements based on news terms of sectors, we like cement. Although the monsoon season may bring daily developments that are not favorable to the cement story, fundamentally and structurally, the sector looks good. UltraTech , the leader in the space, remains attractive even at current sector we're positive on—despite seasonal monsoon-related challenges—is construction and infrastructure. Larsen & Toubro, the leader in this space, looks good at current valuations. Its order book is robust, including margin-accretive global orders, which are improving the company's overall margin profile. Under these circumstances, L&T is attractive at current is another space where most investors are overweight. While we like the sector, we prefer a cautious approach. SBI , from the PSU banking space, offers valuation comfort compared to private-sector peers and looks good from a medium- to long-term with banking and financials, I'm observing increased activity in the real estate sector. There's talk that the upcycle remains intact for the long term. Based on recent sales trends and brokerage reports, do you think a dip would be a good buying opportunity in real estate?Sudip Bandyopadhyay: Selectively, yes. One has to be a bit cautious because demand at the top end of the residential market is plateauing. It's not declining, but incremental demand is becoming harder to generate. So we need to tread commercial real estate—particularly in southern states—is booming due to the continuing GCC boom. Therefore, players with a healthy mix of residential and commercial projects in major metros are worth considering. DLF , with its extensive land bank and long-term potential, is attractive at current levels. Phoenix Mills is another name worth looking at. While there may be short-term volatility and occupancy-related challenges, fundamentally, it looks promising from a three- to five-year your view on the IT sector? TCS's results weren't particularly encouraging, and the stock was under pressure on Friday. With continued ambiguity in news flow, should investors consider building fresh positions in IT stocks now that valuations are relatively attractive?Sudip Bandyopadhyay: As you rightly said, uncertainty persists. The lack of fresh order inflows and the slowing or stalling of existing projects are pressuring both large-cap and mid-cap IT firms. This strain will remain visible, and companies will find it difficult to provide clear guidance—not just for the full year, but even for the next this backdrop, caution is advisable. However, if you're a long-term investor looking to gradually build a position in IT, this may be a good opportunity. Whether the right moment is today, next week, or the week after is difficult to predict. But if you believe in the long-term story of Indian IT, it makes sense to start accumulating slowly. These are fundamentally strong companies and will perform well over time—but right now, we're in a period of heightened volatility.
Hans India
5 hours ago
- Hans India
Market drifts lower amid tariff jitters, Q1 earnings season key to lift sentiment
Markets drifted lower during the week and lost over a per cent, primarily pressured by the lingering uncertainty surrounding global tariffs and a disappointing start to the earnings season, analysts said on Saturday. While the tone remained largely stable in the first three sessions, profit booking in the final sessions dragged the indices lower. Eventually, both the Nifty and Sensex settled near their weekly lows at 25,149.85 and 82,500.47, respectively. According to Ajit Mishra–SVP, Research, Religare Broking Ltd., sentiment weakened amid heightened global trade tensions following US President Donald Trump's renewed tariff threats on Canada and other key partners. 'Although there were expectations of an interim trade deal between the US and India, the lack of clarity kept risk appetite in check. Additionally, a weak start to the Q1 earnings season — especially after IT major TCS reported below-par results — added pressure to the markets in the final session,' he mentioned. Consumption-oriented sectors such as FMCG and discretionary stocks experienced selective buying, supported by signs of urban demand revival and improving margins. A backdrop of easing inflation, declining interest rates, and a favourable monsoon contributed to the overall positive undertone. 'Broader indices slipped into negative territory due to a lack of triggers to sustain current premium valuations and uninspiring results from a key IT bellwether, which raised concerns over FY26 earnings estimates,' said Vinod Nair, Head of Research, Geojit Investments Limited. As Q1 FY26 earnings unfold, investors are closely monitoring guidance on margins and sector dynamics. Looking ahead, the earnings season will be in full focus. A packed calendar includes results from HCL Tech, Tech Mahindra, Axis Bank, ICICI Bank, Wipro, JSW Steel, L&T Finance, and HDFC Bank, among others. On the macroeconomic front, participants will closely track the WPI and CPI inflation data scheduled for July 14 for further cues on the economy. Apart from these, the trend in FII flows and movement in crude oil prices will also remain on traders' radar, said market watchers. Globally, markets will watch for any updates related to trade negotiations and tariffs, along with key economic data releases such as U.S. inflation and 'We anticipate a consolidation phase in the Nifty index with a negative bias in the near term, following the recent fall. Volatility is expected to persist amid global uncertainties and the unfolding earnings season. Traders are advised to maintain a stock-specific approach, focusing on companies with strong earnings and relative strength,' said Mishra.
