Markets drive on Momentum, but GST effect already priced in: Sudip Bandyopadhyay

Indian shares have closed a strong week again, with the handy sticking to profits and market sentiment that is supported by global signals and domestic triggers. With the new GST regime that starts from September 22 and the festive season around the corner, optimism is building, although experts warn against the consumption theme.

It now spoke with Sudip Bandyopadhyay, who shared his perspective at the recent meeting of the Markt, the upcoming GST Reset and the sectors that are worth seeing.

On the recent run -up to the market

“After a considerable period of silence and negative news flow, we had a successive three weeks of Upswing and that is absolutely good for the market. Bit of consolidation is also good today. After the market has risen quite a bit, a little consolidation is good for the health of the market,” he said.

He added that global and domestic triggers remain supportive. “US Fed has already reduced rates and there are indications for more interest rates. There are conversations about some solution between India and the US on the tariff front. Of course the big event is the 22nd event when the new GST regime starts with starting the September -sales figures that start once in October.”

On GST -cutbacks and consumables

Bandyopadhyay warned that investors should not expect big profits, purely from GST nationalization. “Unfortunately I don’t think so. The benefits cut by the GST have already been brought to the market and the prices have already risen. So I don’t think I will try to play the GST rationalization trade longer. I will be selective.”

He also pointed to the profit pressure in the short term. “Second quarter will not be something great. Between the announcement and September 22 when the new rates went into place, things were a bit delayed. That impact will be visible. Due to Diwali, many results will be out, and we do not believe they will be considerably better than Q1.”

On long -term consumption forecasts

Despite his caution on GST-specific plays, Bandyopadhyay Consumption sees remain central in the growth arget of India. “Everything that the government had to do was done as far as the consumer is concerned. You had income tax, a decent monsoon, in the countryside income, inflation, and gst rationalization. Now the figures are not grabbing, then problems are deep-rooted. I don’t think this will be the case.

On sectors to look

Bandyopadhyay emphasized cement, infrastructure and automatic additional opportunities as opportunities. “We have been enjoying ultrake for some time. We love the construction, infrastructure and Larsen & Toubro certainly deserve to be in a long-term portfolio. Apart from that, I would certainly look at car-nonsons, especially companies that are both in IC and EV engines. They are well positioned.”

On too careful areas

Although he does not sound alarm bells, he advised some restraint. “Largecap It is a space where you should be careful. They will continue to give a decent return for a long period, but nothing spectacular. Real estate has risen quite a bit, so the scope for appreciation in the short term has also been limited. Metals have also risen, so the scope for considerable, medium -long term is limited.”