Help us to take you in the markets because it looks like it is a break on the rally that we have already seen in the markets late and it seems at least the opposite today. Help understand what you are coming from the markets right now? Have we already seen a near -term top for our markets?
Dhananjay Sinha: So, since there has been a relief rally, I would say, earlier this year when Trump was in danger of tariffs and the way he was exiting, the negotiations and all of the re -start of the anxiety are simplified, it is something that has participated in the markets and in our markets.
Secondly, the government and the RBI are the creative situation of the regulatory restrictions on the banking sector or aggressive financial ease, including rigorous restrictions on the banking sector or rigidity, and aggressive financial ease, including RBI CRR cut, rate cut, liquidity pouring etc. I would say that the fact that the results of Q4 were very gentle, increased by about 5%.
If we look at the Nifty and one type of weight that appears in the market after the rally is that you have the next results season that may have expectations or the real results are really seen in the market after the rally, compared to the market, even after the whole tariff, even after the whole tariff. Is it another variable to move forward and the third is in the context of the Fed rate and what happens to everyone.
Therefore, you have both local and global variables playing in the market and so what we are seeing is a kind of cautious view after a rebound. And my expectation is that the market will actually have a rotational strategy on different issues of time. Therefore, I would say that investors will need to make enough crisis to ride as they switch.
The kind of field we have seen, in a week you have banks that lead the force, then you have, now you have the last few trading sessions metals that look bright. In the midst of a market like this, do you think which sectors can offer some kind of safety net for investors?
Dhananjay Sinha: Therefore, I would say that one thing that is coming out is that the government may be renewed on reviving house income and consumption. The government has announced a employment incentive scheme yesterday. Therefore, some of those things that are related to choice ideas can really do well. I would say, as long as the banking sector is generally relevant and lending, I would say that there was a significant rise due to cheap valuations and it was a very cautious or cautious element that was displayed by some private banks in view of private valuation.
But the important thing is, if we see the results, what we are looking for is that if you look at credit growth, etc., the banking sector is looking at a significant reduction in the business, so I would say that the banking sector has seen its rally. I would say that the flow will actually begin to favor other segments. Short, these segments will rotate. There is a taste, as you said, in terms of metal space, especially copper-related segments and non-ferrous field companies, I would say it is another. I would say, what we like is basically tractor names, two-wheeler names.
There is a significant issue in terms of the supply of rare metals and magnets used for rare metals and EV vehicles and I would say, a traditional combustion engine, cars can also see some headwinds in terms of supply. So, I would say, it should be a little careful on the Auto toe side. The market cap will turn in favor of two wheelers and more important tractors. Agri input is something we like and, of course, many FMCG names. And we are seeing that defense is really well located because of the geographical political landscape that is exiting.
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