Moneycontrol
Last Updated : Mar 26, 2018 12:40 PM IST | Source: CNBC-TV18

Market is ignoring positive news like GDP growth, says Devang Mehta

Devang Mehta, Head - Equity Advisory at Centrum Wealth Management discusses with Prashant Nair and Ekta Batra his analysis on the fundamental side of the market as well as specific stocks and sectors.

CNBC TV18 @moneycontrolcom

Devang Mehta, Head - Equity Advisory at Centrum Wealth Management discusses with Prashant Nair and Ekta Batra his analysis on the fundamental side of the market as well as specific stocks and sectors.

There are 'n' number of positives which have come out of the last 15-20 days, right from gross domestic product (GDP) growth to inflation coming down, to industrial production moving up, to robust car sales numbers for the last two to three months. I think market is ignoring all these positive factors as there are a lot of concerns regarding the trade war or what is happening on the interest rate front globally. So sentiment can probably spoil the party a bit, there can be a 4-5 percent correction still which is lingering in the markets, he said.
First Published on Mar 26, 2018 12:30 pm
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