Stocks in sectors such as aviation (Jet Airways, Kingfisher and SpiceJet), retail (Pantaloon Retail, Provogue India and Koutons Retail) and cable operations (Hathway Cable and Den Networks) are likely to be on buyers’ radar, at least during the opening session, this week.
The Government on Friday decided to open up these sectors for foreign investors. Disinvestment candidates (Hindustan Copper, Oil India, MMTC and National Aluminium) will also witness higher trading activity. Besides these developments, banking stocks will remain in focus as RBI is meeting on Monday for monetary policy.
If RBI decides to cut interest rate in the key policy meet, then the banking stocks will maintain the momentum. Otherwise, profit taking will emerge. So an action-buzz week is awaiting traders.
Keywords: reforms related and bank stocks to watch