Jigar Shah, CEO, Maybank Kimeng Securities, says it is a good stock pickers market with corrections happening every now and then
If the US Federal Reserve outcome is on expected lines, there won’t be any flutters in the market, says Jigar Shah, CEO, Maybank Kimeng Securities. He believes it is time to concentrate on fundamentally strong select companies, such as Bharat Forge , ITC , Tata Motors , KPIT and PVR , among others. He says it is a good stock pickers market with corrections happening every now and then. Additionally, the macroeconomic situation as well as the commodity scene is in India’s favour.
According to him, China, is a bigger worry. He is also looking forward to the next Reserve Bank credit policy.
Sudip Bandopadhyay of Destimoney Securities too is generally positive on the market. He feels Fed chairman Janet Yellen will continue to remain dovish and a 25 basis points rate hike is already factored in. He too feels the China situation should be monitored more closely.
Bandopadhyay is cautious on the private banking space and says it may be worthwhile to wait before buying second tier private banks. He believes largecap private banks may be a better bet.
Sudarshan Sukhani of s2analytics.com too gave his views on the market and select stocks.
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