Mkt to be choppy over next 4 mths; Infosys top pick: Elara

The Indian market is expected to remain choppy over the next three-four months, says Harendra Kumar of Elara Capital. According to him, the market may begin moving upwards only after the reforms taken by the Narendra Modi government come into action. Until then, Kumar is long on the consumption basket. He recommends buying Marico, ITC, Britannia in the fast-moving consumer goods space.

Following better than expected third quarter numbers by Infosys, Kumar sees the IT company being a big Nifty driver in 2015. The stock remains our top pick from the pack, he adds.

In an interview to CNBC-TV18, Kumar suggests going long on public sector banks with Punjab National Bank being the favourite in 2015.  He prefers Axis Bank among private sector banks

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