See more participation; remain cautious: Motilal Oswal AMC

Taher Badshah, Motilal Oswal AMC spoke to CNBC-TV18 on his expectation from the Indian equity market.

"It is hard to say if we will see a similar magnitude today itself but clearly yesterday's buying figure and the kind of participation that we saw in the market is quite enthusing. In the days to come and maybe the weeks to follow, we may see more participation," he says.

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However, he believes the important thing is to figure where the participation will probably come about.

"So, it could be some of the rate sensitives like the banks, maybe some of the cyclicals still further. On the other hand, they are also getting a little out of hand in terms of very near-term valuation. So, one has to be a little careful about the where to put in money going forward," he further explains.