Share market tips- Largecaps best bets to play the market now

Large-caps best bets to play the market now

Indian markets slipped in double-digits from their respective highs recorded in August and the best way to play the recovery is to invest in quality large-caps compared to midcaps, suggest global brokerage firms.

Macquarie has recently upgraded its Nifty50 target to 12,000 for March 2019. It expects large caps to perform better than midcaps as the latter is still vulnerable from valuations and flows.

Macquarie expects Nifty to trade at 1-fwd PER of 16.6x, which is 10 percent above its long-term average PER of 15x. The global investment bank has upgraded its Nifty target to 12,000 for March 19 (based on 16.6x FY20E EPS).

The global investment bank has downgraded private banks and metals to neutral from positive earlier, while it has upgraded auto to positive from neutral.

Macquarie expects Non-Banking Finance Companies (NBFCs) to underperform because the liquidity is likely to tighten significantly in the second half due to state and general elections, which usually lead to a high circulation of currency.

The global investment bank is positive on IT, Auto, Industrials, Cement, and Real Estate while negative on NBFC, consumer as well as pharma.

If you want more information regarding the market News & many other tips like Intraday Tips, MCX Free Tips Free Tips, Indore Advisory Company, Bullion Market Tips, Share Market Tips In Hindi, Live Stock Market Tips,Bullion Energy Tips,NSE & BSE Market Tips, Free MCX Market Tips, MCX Premium Tips, , Live commodity tips.

Visit: http://www.tradeindiaresearch.com

Call On TOLL-FREE Number: 9009010900

Whatsapp User Join Our Group: 9300421111