Investors await govt infra projects
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Mumbai: Investors and institutions are waiting for the government to unveil infrastructure projects worth over Rs1 lakh crore in the next few days. Such move will trigger momentum in sectors like capital goods, infra and power stocks. Nifty ended in the positive territory last week.
Sector-wise it was a mixed bag with buying seen at oil & gas, financials, and private banking, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
“Sectors like capital goods, infra stocks, and power were in momentum as the government is likely to unveil infrastructure projects worth over Rs1 lakh crore in the next few days, with the majority of the projects related to the power sector. Also, domestic power demand grew eight per cent in February to a record high to 128 billion units - supporting the momentum in power stocks,” he said.
