Indian market seems to be returning what it had robbed investors off last year. With a strong rally, foreign investors too are following the Indian shores. However, N Jayakumar, president at Prime Securities feels that the market has not been able to capture the rise fully.
In an interview to CNBC-TV18, Jayakumar said that the picture looks brighter even now. He is expecting it to head higher but with minor corrections. Looking for 5000 level as a support, Jayakumar sees buying interest at around 5200. "There will be corrections, no question, but for the moment I think the markets maybe heading higher and certainly any sharp corrections into the 5,100-5,200 range will be met with more buying," he explained. As an investment strategy, he is betting on real estate and infrastructure while defensives like FMCG and pharma are likely to underperform. Below is the edited transcript of JayakumarDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
