Shirish Rane, Head of Research, IDFC Securities speaking about the impact of demonetisation by the government said demand, particularly that created by unaccounted money, is sure to be impacted.
Andrew Holland of Ambit Investment Advisors is of the view that one may stay away from consumer space.
Dipan Mehta, Member, BSE & NSE is more upbeat on private banking and NBFC space over PSU banks with exception of State Bank of India.
Further downside left in HUL. Nomura has a target price of Rs 500. There does not appear to be any meaningful pickup in volume growth in HUL immediately, at least a couple of quarters are required
Indian markets have been underperforming of late and Anish Damania of Emkay Global Financial Services believes huge selling from domestic investors are to be blamed for the lacklustre performance.