Mkt to perform well in Dec; like largecap pharma: Sabharwal

In an interview to CNBC-TV18 market expert Sandip Sabharwal of asksandipsabharwal.com shared his reading and outlook on the market and stock across various sectors.

He expects the market do perform well in December since it has been a good month for equities historically. “December is never a bad month seasonally. From 1980s, the average return that market has given is 4.5 percent. And out of 35 Decembers, in only six, market has fallen.”

However, he foresees a correction in January next year.

On sectors, he is positive on defensives like largecap pharma and FMCG stocks.