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Indices can fall max 4%; opportunity in cement: Centrum

Kunj Bansal of Centrum Wealth Management does not expect the market to correct sharply. He says a lot of negatives that could have impacted the market have cooled – inflation is correcting, oil prices globally have fallen and the fear of less-than-needed monsoon has also abated.

Ahead of the September series expiry, Nifty is trying hard to hold on to the 8100-mark. Despite Monday being a consolidation day, the Nifty and the Sensex managed to bounce back, largely supported by supported by ITC , Tata Motors ,  ONGC and HDFC .

Kunj Bansal of Centrum Wealth Management does not expect the market to correct sharply. He says a lot of negatives that could have had an impact on the market have cooled off – inflation is correcting, oil prices globally have fallen and the fear of less-than-needed monsoon has also abated. The three combine can result in WPI and CPI cooling. According to him, maximum there can be a 4-odd-percent correction in indices.

Bansal feels cement continues to throw decent opportunities. He is bullish on  Ramco Cement s on the belief that is will benefit from extra construction in Andhra Pradesh. He also likes  JK Lakshmi Cement within the space.

He adds that despite the massive run up that pharma and auto ancillary stocks have seen, Torrent Pharma ,  Bharat Forge and Banco Products  continue to offer good investment opportunities.

Stay tuned for more… 

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