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Selective on midcaps; gas pricing a worry: Birla Sun Life

Speaking to CNBC-TV18, Sashi Krishnan, CIO, Birla Sun Life Insurance says stability in the macro system is a big relief, although inflation remains a bit of a worry. With market climbing new highs, and stable macro situation, one must stay invested in this market

Selective on midcaps; gas pricing a worry: Birla Sun Life

With market climbing new highs, and stable macro situation, one must stay invested in this market says Sashi Krishnan, CIO, Birla Sun Life Insurance. Key indices are trading at all-time highs, while midcap stocks have seen gains of 1 percent in last two days.

Speaking to CNBC-TV18, Krishnan says stability in the macro system is a big relief, although inflation remains a bit of a worry. “That too will ease as ravi crops come in market by December,” leading to good recovery in growth. Meanwhile, interest rates appeared to have peaked out and are likely to see a decline in 2015, Krishnan says.

Krishnan is comfortable with crude price for now, even expects further dip, but worries about gas pricing issue.

He advises investors to pick midcaps selectively based on earnings and quality of management.

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