Top investment advisors are finding value in pockets for the near-to-medium term, with auto shares in pole position. In conversation with Moneycontrol, Ashutosh Tiwari, the Managing Director - Research at Equirus said we have now entered a phase that is a stock pickers' market. Navigating through inflation, rate hike and crude oil will be crucial to place one's bets. Here's the interview:
Bears controlled the market in the first half of CY22. Do you expect similar kind of trend in second half too, or will we see a sharp recovery after September quarter?
Considering the uncertainty in inflation, rate hike and oil prices, we don't expect sharp up move in the markets in near term, it's expected to remain sideways. We believe that it will be stock pickers' market for some time, rather than a broad-based one.
Auto space has seen significant run up despite market volatility. Do you think the party is yet to get over in the auto space?