Vinit Bolinjkar, head of research at Ventura Securities, believes that every pocket of the economy is growing. “What I don’t like, what the market likes today, is IT stocks. I have been consistently bearish on these IT stocks. If the situation in the United States (elections) plays out the way it does done, then I think these stocks can I don’t like computer games because in recent years they have recorded single-digit growth,” said the market expert. Business Today TV Monday.

“(Computer) stocks are the most sought after and talked about stocks, but they (companies) do not add value to the company. From a defensive point of view, mutual funds s ‘There will be a severe correction in these stocks and my advice is to stay away, despite the outperformance,’ Bolinjkar also said. US presidential election will take place on Tuesday, November 5. Opinion polls are too close to choosing a winner between Democratic candidate Kamala Harris and Republican Donald Trump. The result would decide the fate of many national export-oriented sectors, including the. IT sector.

In response to a question about the auto package, he said: “I think the whole auto game has run out of fizz. The automotive pack has seen a correction. In space, I tend to like Hero Moto Corp Ltd because it experienced a very severe correction and the (sales) figures were correct. A better purchase price would be between Rs 4,700 and Rs 4,800.”

Meanwhile, Indian equity benchmarks took a big beating today amid weakness across sectors. Broader markets (mid and small cap stocks) are also down. The fear index, India VIX, jumped 7.75 per cent to 17.14.

All 16 sectoral indicators – compiled by the NSE – were trading in the red. The Nifty Oil & Gas, Nifty Metal, Nifty Auto and Nifty Realty sub-indexes underperformed the NSE platform by falling 3.15 per cent, 2.21 per cent, 1.70 per cent and 2.89 per cent respectively. hundred.