moratorium.On the macro front, while oil price hikes are heavy on consumer wallets, oil marketing companies will benefit as marketing margins are expected to improve.Then next bit of cheer for the markets is pent-up demand for cement.
Pre-monsoon construction in the rural economy is heartening. Cement prices strengthened in May.Another small shout out comes from within the auto sector.
With Mahindra and Mahindra tractor sales showing resilience, hopes are high that the company will steer through covid-riddled roads.For sectors like hotels, lights have dimmed until tourists begin to arrive, particularly foreign, but financial prudence could cushion earnings.For card companies, however, discretionary spending remains key.