Market Pulse - 27Sep23 - Challenging environment

Sector focus: With the trading environment turning more cautious, we expect selling pressure to build up within the technology stocks, taking cues from Nasdaq overnight negative performance. However, we like defensive sectors such as Utilities that have stable cash flow and dividends. Meanwhile, traders may continue to position around the mega infrastructure theme within the Construction, Building Material and Property sectors ahead of the Budget 2024. 

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