SBI to ITC: Sectors and stocks brokerages are bullish on for 2020

Receding global trade war fears, continuity of government policies, benefits of low-tax for corporates, good monsoon, and low-interest rate regime will turn sentiment around in 2020

The year 2019 saw benchmark indices scale fresh lifetime highs amid volatility. Trade war concerns, tax proposals for India Inc and foreign portfolio investors (FPIs), the overall slowdown in the economy, rate cuts by the Reserve Bank of India were some of the key factors that guided markets through 2019.

Till December 23, the Sensex had gained 13.3 per cent for the calendar year while the Nifty50 was up 12.3 per cent. However, the broader market continued to bleed and the S&P BSE Mid-cap index corrected by 3.91 per cent. The S&P BSE Small-Cap index fared worse and slipped