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1y ago 43 views

Post-Budget Profit Booking Expected in Market, States HDFC Securities' Deepak Jasani

Deepak Jasani of HDFC Securities anticipates that the market will experience some profit booking following the unveiling of the budget. He expresses a favorable outlook towards the oil and gas sector as well as metals.
Post-Budget Profit Booking Expected in Market, States HDFC Securities' Deepak Jasani
A What happened
Deepak Jasani of HDFC Securities anticipates that the market will experience some profit booking following the unveiling of the budget. He expresses a favorable outlook towards the oil and gas sector as well as metals.
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Key insights

  • 1

    Market Sentiment Post-Budget

    Deepak Jasani of HDFC Securities suggests that the market is likely to see some profit booking after the budget announcement, indicating a cautious approach among investors.

  • 2

    Sectoral Preferences

    Jasani highlights oil, gas, and metals sectors as favorable investment areas. These sectors may offer attractive opportunities for investors looking to capitalize on market movements.

  • 3

    Investment Strategies

    The recommendation for profit booking post-budget implies a strategy to safeguard gains amid potential market volatility. Investors are advised to consider sector-specific investments for better returns.

Takeaways

Following the budget announcement, market participants might engage in profit booking, as suggested by Deepak Jasani of HDFC Securities. Focusing on the oil, gas, and metals sectors could be advantageous for investors seeking promising opportunities in the current market climate.