Market players see short-term bounce after FM Sitharaman's measures

Stocks of firms in the automobile, banking, and real estate sectors, and those of non-banking financial companies (NBFCs) are likely to remain under focus

The measures announced by Finance Minister Nirmala Sitharaman on Friday and the promise of more will be a shot in the arm for the bulls, who have been subdued for nearly two months. Experts have given the thumbs up to the government for taking steps to restore confidence among investors and businesses. However, they say more will be needed. 

While the markets are set for an immediate surge, a prolonged upward climb is ruled out, given the precarious US-China trade situation and economic slowdown, both globally as well as domestically.