Led by macro-economic factors, the Nifty had been on a swing over the past few days. However, today has been positive with the Indian bourses making a slight recovery, outperforming markets across the world. Aadil Ebrahim, Investment Manager, Bowen Capital Management joins CNBC-TV18 to give his outlook of the volatile market.
He advices traders to stay away from the midcaps and the smallcaps since any sell-off could affect them significantly. "High quality bluechips, for example, Bajaj Auto and HDFC, are the only safe bets now," he says. Below is the edited transcript of his interview. Also watch the accompanying video. Q: What are you making of this recovery that we have seen in the Indian equity markets as well as China?
A: Firstly, the Chinese inflation number, it did come out higher than sort of the street expectations, but it wasn
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