The broader market continues to remain weak with the Sensex down 300 points at 16134 and Nifty down 100 points at 4846. Metals and banks have been the worst performers till now.
Sailav Kaji, chief strategist at Padmakshi Financial Services tells moneycontrol.com that the market could be in a consolidation phase between 4800 and 5200 over the month and then see a slight revival. FMCG could surprise on the upside, he says.
Metals are seen falling mainly on account of the commodity sell off globally and also as an after-effect of the new mining bill. In the metals and mining space, he bets on Coal India. On the auto stocks, Kaji says that inflation modulation is one of the key movers since it is directly correlated to the interest rate cycle which affects the industry. He picks Tata Motors in this space. Click in the
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