Index performances for the month of Jan 2022.
PSU Banks continue to do well with results now supporting that performance. Many auto stocks are looking good too and with news of semiconductor supply easing thats good news for them. Energy continues to outperform with crude helping. Power stocks are looking to the budget for a major boost.
On the flipside IT has been a surprise looser and its been beaten badly. WIll those buybacks support and maintain a high floor? Select pharma also have been torched but Sun & Cipla look good on the monthlies.
Keep an eye on Infra during the budget..the govt is being pushed to increase spending and infra would be one of the best ways that happens.
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