Anil Singhvi, Managing Editor at Zee Business, shared his views on metal, IT and FMCG stocks amid mixed trade in early morning on Tuesday. While metal and IT indices traded lower, FMCG emerged as the only gainer among the three sectors, raising the question of whether the ongoing dip offers a buying opportunity for investors.

At around 9:38 am, the Nifty Metal index slipped 1.06 per cent to 10,441.20, down 111.95 points. Nifty IT was marginally weak, trading lower by 0.69 per cent. In contrast, the Nifty FMCG index was the only gainer among the three, rising 0.29 per cent to 55,025.15.

Metal stocks: Rally slows, selective buying advised

According to Singhvi, metal stocks are seeing mixed trade after a strong one-way rally in recent sessions. He said the pace of the upmove in metal shares is likely to slow from here.

However, he believes buying can be considered at major support levels. Singhvi prefers companies with exposure to copper, silver and aluminium, citing relatively better fundamentals in these segments.

He highlighted Vedanta and Hindustan Zinc as preferred picks. Stocks linked to copper and aluminium businesses also remain his top choices within the metal pack.

Singhvi expects strength to continue in IT stocks. He pointed out that weakness in US-listed AI stocks could lead to a reverse AI trade, which may benefit Indian IT companies.

He also noted that the rupee has hit a lifetime low for the third consecutive session. A weaker rupee typically supports IT exporters by improving earnings visibility, he said.

On FMCG, Singhvi said the sector looks ready to move higher after a prolonged phase of consolidation. He added that valuations are reasonable, and stock prices have corrected meaningfully.

He expects strong quarterly updates from FMCG companies going ahead. Singhvi named HUL, Britannia, Godrej Consumer Products and Marico as stocks that look attractive at current levels.