The equity market was powered by Metal, IT, Pharma and Power sectors, while Realty too jumped in to push the already burgeoning market to new highs this year.
As per Stock Edge, an app to analyse NSE and BSE data, Nifty Metal surged 77%, S&P BSE Power jumped 745, Nifty Realty clocked 61% return and Nifty IT soared 54.4% in the last one years as on December 23, 2021.
“We are also positive on IT, Pharma and FMCG, which have been consolidating in the last couple of months.
Sectors like metal, pharma have become sluggish recently and these can be seen as a good opportunity to accumulate value stocks,” recommends Manoj Dalmia.
“As the economic cycle has picked up and revival in corporate earnings is strong, we expect the same strength to continue in 2022.
“Other sectors like Travel, Tourism, leisure, Real Estate and ancillaries like cement and other building material companies are also expected to contribute in 2022.
“If I talk about the real estate sector then there is a turnaround story after 10 years of underperformance, where the last 5 years were very painful due to demonetization, NBFC crisis, RERA, etc.