Wedding season buoys consumer mkt
Major boost to jewellery, apparel, hotels, aviation sectors: Report
image for illustrative purpose
Rebound In Festive Demand
- Consumer durables, realty gaining traction
- IT sector remains subdued
- GDP numbers for US, China & India this weekshould not have faced any regulatory action
New Delhi: With the onset of wedding season, sectors like jewellery, apparel, hotels, aviation and other related industries are likely to gain traction. Sectors such as consumer durables and realty took the lead, driven by a strong rebound in festive demand. However, the IT sector showed subdued performance in response to weak global data. Despite the RBI’s scrutiny of unsecured lending by NBFCs, the banking index demonstrated resilience this week, said Vinod Nair, head (research) at Geojit Financial Services.
“Next week, we expect some momentum in market to return as investors will take cues from various economic data including GDP numbers for US, China & India,” said Siddhartha Khemka, head (retail research), Motilal Oswal Financial Services.
Nair further said domestic indices traded within a range throughout the week with a positive bias. The Fed reserve adopted a cautious stance and the muted trend in European and German markets was also echoed in domestic markets.
