Bandyopadhyay pointed out that the upcoming RBI policy announcement could be a key trigger for market movement. “If the RBI credit policy is favorable, interest-sensitive segments are likely to move up, and leadership could come from the BFSI sector,” he said. He also highlighted corporate results as another potential catalyst. “Q2 expectations are subdued, and if results exceed these expectations, we may see counter-specific and sector-specific gains,” he noted. He expressed optimism about construction, infrastructure, and cement sectors, adding, “Even during the monsoon quarter, these pockets may show remarkable progress and could cheer up the market.”
On metals, Bandyopadhyay maintained a cautiously positive outlook. “Metals are very volatile, but I see a secular upswing over the medium to long term,” he said, emphasizing that the sector could continue to perform well despite regular fluctuations.
The auto sector, which saw initial gains after GST rationalization, has been under pressure recently. Bandyopadhyay, however, remains positive on the space. “The festive season, income tax reliefs, decent monsoons, and lower interest rates are all supportive,” he said. He added that low-priced vehicles, which faced stress earlier, are now seeing strong booking trends, particularly in lower-income segments. “We will closely watch the numbers from Maruti, Hyundai, and others on October 1. Two-wheelers, especially Hero MotoCorp, should also perform well. Long-term, Maruti looks strong, and we maintain a positive view on M&M,” he added.
With the RBI policy announcement and Q2 corporate results approaching, Bandyopadhyay believes leadership could emerge from BFSI, metals, construction, and auto sectors. Investors are likely to watch these segments closely, as favorable developments may stabilize the markets and provide renewed momentum.
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