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Samvat 2078 will likely see bulls ruling the Dalal Street

The market is expected to perform well, with economy-linked sectors in focus. The banking and financial segment along with IT could lead the charge

October 30, 2021 / 03:07 PM IST

The Indian market seems to be in a festive mood as the benchmark indices have hit record highs. The gala season is being strengthened by India's vaccination drive that recently crossed the 100-crore mark. The economy, too, has shown significant improvement on the back of pent-up demand and faster growth is expected in the future.

Improvement in the consumption-related data, ease in monetary policy, several measures taken by the government to incentivise sectors to create a global supply chain, tariff protection and relaxation in foreign investment norms have all contributed to the recovery.

The optimism has positively replicated on the technical charts as well. Even normalisation of economic activity has not led to a significant jump in the coronavirus infections.

While the government is focused on the revival of the economy, this is an opportunity for fundamentally sound companies to gain market share.