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April buys: Sobha, HDFC AMC among 10 stocks that brokerages are betting on

There has never been dearth of quality and alpha-generating stocks in the market irrespective of cycles. Hence, investors may still invest in quality stocks, said an expert

April 12, 2019 / 03:32 PM IST

The market has turned rangebound for more than a week now despite consistent inflow of foreign money. The benchmark indices hit record highs in March - a sharp run up of 10 percent from February 19 lows.

Foreign institutional investors pumped in more than Rs 60,000 crore since February backing the up move in indices.

Investors and traders have now turned cautious as the voting for general elections started on April 11.

Other reasons for nervousness are deteriorating consumption trend and Skymet's projection of below normal monsoon.