{"id":841092,"date":"2024-08-05T09:58:14","date_gmt":"2024-08-05T04:28:14","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=841092"},"modified":"2024-08-05T10:03:57","modified_gmt":"2024-08-05T04:33:57","slug":"it-and-pharma-sectors-look-tactical-buy-in-short-to-medium-term-peak","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/05\/it-and-pharma-sectors-look-tactical-buy-in-short-to-medium-term-peak\/","title":{"rendered":"IT and pharma sectors look tactical buy in short- to medium-term peak"},"content":{"rendered":"<p>This week, the domestic market reached the psychological milestone of 25,000, with a peak at 25,078.30 before closing at 24,717. The market experienced a brief surge, in the last 7days, before consolidating due to subdued quarterly results &amp; clampdown in Asian market like Japan. Initially, the week started positively as the budget-related volatility eased, but the rally lost momentum as the muted earnings reports emerged. These underwhelming results do not justify the substantial premium valuation India holds today. MSCI India one-year forward P\/E is at 24x and MSCIEM is at 12x, 100% premium. India&#8217;s advantage lies on the ability to decouple from other emerging markets, that earnings growth is slowing in Q1.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, the domestic market reached the psychological milestone of 25,000, with a peak at 25,078.30 before closing at 24,717. The market experienced a brief surge, in the last 7days, before consolidating due to subdued quarterly results &amp; clampdown in Asian market like Japan. Initially, the week started positively as the budget-related volatility eased, but the rally lost momentum as the muted earnings reports emerged. These underwhelming results do not justify the substantial premium valuation India holds today. MSCI India one-year forward P\/E is at 24x and MSCIEM is at 12x, 100% premium. India&#8217;s advantage lies on the ability to [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-841092","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/841092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=841092"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/841092\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=841092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=841092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=841092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}