Published on Tue, Jul 07, 2009 at 16:33 | Source : CNBC-TV18
Updated at Wed, Jul 08, 2009 at 12:44
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Markets may see more correction: Reliance Money
Sudip Bandyopadhyay, Director and CEO, Reliance Money said the markets had too much expectation from the budget, which were quite unrealistic and so were not fulfilled. According to him, markets were still a little expensive and there could be more corrections in the markets.
Q: What would you be advising your investors to buy in dips?
A: I think very clearly the two issues that were the themes of the budget this year were infrastructure and inclusive growth. So, there are a whole lot of companies in the infrastructure sector and the sectors that cater to the rural economy, which will get a fillip, will get a boost one way or the other.
There is a whole lot of money that has been put in the hands of rural India. That will help certain companies. I'd not like to get into any specific company, but you have seen a lot of FMCG companies already starting to show signs of a lot of buying coming in those areas. I think consumer durable, consumer non-durable companies will benefit very clearly. Infrastructure and education are sectors that will benefit as well.
