With good monsoon forecasts, focus on autos, auto fin cos: Pros

Market experts believe Nifty is likely to trade in the range for some more time due to lack of any positive trigger. However, global cues were mixed with Asian markets closing down and European markets continuing to trade in the green, giving support to Indian equity market, which was choppy through the day but closed positive. Nifty closed up at 7,748 and Sesnex at around 25,305.Market experts, Ashwani Gujral of ashwanigujral.com, SP Tulsian of sptulsian.com, Parag Thakkar of HDFC Securities and Kunj Bansal of Centrum Wealth Management in an interview to CNBC-TV18 shared their thoughts on the outlook for the market going forward and their stocks specific ideas.With the Skymet raising its monsoon forecast and talking about an above normal rainfall, the auto, auto finance and agro related stocks should be on ones radar, say experts.Parag Thakkar of HDFC Securities is bullish on the auto space, especially the commercial vehicle segment, and expects Ashok Leyland, Mahindra and Mahindra and Maruti to do well going forward. He also likes the vehicle finance companies like Sundaram Finance, Cholamandalam Investment and Finance etc.With the dollar strengthening, the yen is likely to weaken, which in turn could benefit Maruti going forward, says Thakkar.According to Thakkar, apart from the likes of VST Tillers benefiting, if the government’s reforms for the rural India too start kicking in, then agro chemical companies like Dhanuka Agritech too will do good.According to Bansal, Mahindra and Mahindra will be a clear beneficiary of good monsoons but as of now the stocks has not moved much and could be waiting for the monsoons to actually pan out. So, one could also look at Sundaram Finance, which will do well even if the current quarter numbers are does not beat expectations. Experts also discussed the pros and cons of the VRL Logistics’ promoter foraying into the aviation sector.For more on their stock spefic ideas, watch video