In general, Srivastava feels 2015 will be a year in which large cap stocks across sectors will do well
The market has correctly priced in the 25 basis point rate cut by according higher valuations, mostly to banks, feels Ajay Srivastava of Dimensions Consulting.
In an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, Srivastava says interest rates are not going to come down in a hurry, and till then the benefits of the rate cut will flow directly the bottomlines of banks.
He is bullish on the banking sector, but says he will stick to the large caps in that space.
In general, Srivastava feels 2015 will be a year in which large cap stocks across sectors will do well.
He is bearish on IT stocks, over leveraged companies and aviation stocks.
IT in particular lacks the demand environment to be able to carry the momentum seen in the last few quarters.
On the SpiceJet deal, he says Marans exiting the company is a positive for Sun TV .
Interview transcript to follow