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Macros stable now, buy on dips; like Federal Bk: PLilladher

She expects more trading sessions filled with volatility but it is still a good time to buy, backed by improving macros, given the trader has the appetite to face more volatility.

The Indian market continued sliding Wednesday led by global sell-off and anticipation of US Federal Reserve’s comments later in the night. But unlike most experts Amisha Vora, Joint MD, Prabhudas Lilladher is advising buying post further correction.

She expects more trading sessions filled with volatility but it is still a good time to buy, backed by improving macros, given the trader has the appetite to face more volatility.

In an interview to CNBC-TV18, Vora recommends buying  Federal Bank and  Apollo Tyres among midcap companies.  TCS remains Vohra’s top pick in IT space despite management’s conservative December quarter outlook.

Below is verbatim transcript of the interview:

Q: Would you recommend retail investors to buy now or would you tell them to wait and what would be your shopping basket right now if you are looking at this as a buying opportunity?

A: I would say that this and maybe little more volatility and little higher dips would be the time to definitely buy. But if you buy now then you should be little more braced for more volatility to come. I don’t think it is all just over as of now but yes, anything you get 8,000 and below maybe till 7,850 or maybe a little lower are the timings to buy.

Particularly when unlike last time when during European crisis also that Indian markets were hammered very badly our own economy was so much weak and all the macros were also so much weak that most of us remain question marked whether we will get more impacted.

This time around when we are getting butchered with the global volatility, somewhere we have more hope that the macros for India are looking much more stable, falling in place and shaping up better. So I think all these dips and volatility will be an opportunity to buy for sure.

I would recommend to remain invested or build portfolios little overweight around everything which is domestic consumption because the key theme that will play out over next year will be how the purchasing power is easing in the hands of consumer with reduction in both inflation, a bit in interest rate over the year and of course the fuel cost. So all this will lead to splurge in domestic consumption which is where investor should accumulate.

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