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Driven by gains in financial and IT stocks, Indian benchmark equity indices, Sensex and Nifty50, opened higher on Wednesday amid the U.S. presidential election results. Asian markets traded lower as early U.S. presidential election results suggested a tight race. Analysts believe a Trump or Harris win could have varying impacts on Indian stocks.

Samir Arora, Founder of Helios Capital, compared recent market corrections to a cricket series, stating that despite the pullbacks, the market outlook remains positive. He emphasized that this correction contributes to a healthier investment environment and suggests investors focus on companies with strong fundamentals for sustainable returns.

LKP Securities recommends buying AIA Engineering Ltd. with a target price of Rs 4455. AIA Engineering reported a consolidated total income of Rs 1134.31 crore for the quarter ending 30-Sep-2024, along with a net profit after tax of Rs 256.00 crore. The company expects a reduction in FY25 volumes but remains optimistic about long-term prospects.

Samir Arora, Founder of Helios Capital, is focusing on high-growth sectors like food delivery, exemplified by his investments in Zomato and Swiggy. He believes these companies have the potential to grow at 30% for the next few years. Arora is avoiding companies that have recently disappointed, arguing that their bull run is over and their excuses are unacceptable.

Devang Mehta, Director of Spark Private Wealth, suggests that investors should be selective in the current market. He recommends focusing on companies in sectors like capital goods and power automation that are poised to benefit from government infrastructure spending. Mehta also highlights the attractiveness of consumption-oriented businesses that have undergone corrections, citing Maruti as an example.

Bitcoin reached a new record high, exceeding $75,000, following early US election exit polls that indicated a potential lead for Donald Trump. The cryptocurrency market reacted positively, with Bitcoin surpassing its previous peak of $73,750. The election outcome remained uncertain, contingent on results from key swing states.

It’s not just last month, the strategy has seen a good turnaround in performance in the last 6 months and in the last 6 years, it has created high single-digit alpha over the Nifty50 index.

We enter any particular sector with a rolling 3-5 years view to earn minimum compounded returns of around 15%. So either it doubles in five years or if we are much better at catching the trend, then it would be compounding at 25% - which means doubling in 3 years.