We expect the market to rise in the upcoming sessions after it has seen good healthy correction and a good amount of consolidation as well.
The recent times in the market has signalled that the abundant liquidity in the markets may reduce if the interest rates by the central banks, especially US Fed are hiked.
Banking sector has seen improved asset quality and growing its margins, with the telecom relief and the NARCL announcement stocks in this space have seen good traction.
The payments space is highly competitive and still evolving, the main driving force of this space is technology which at times may be costly and with such cut throat competition betting on Paytm becomes slightly difficult.