In a market downturn, the sector’s hedge against volatility is sought after. But Indian companies are faced with unprecedented inflation and slowing demand, a fundamental problem that will worry investors
The disconnect between corporate India and stock market is more evident now which is why this correction will get ferocious in days to come, says Nilesh Shetty, Associate Equity Fund Manager at Quantum AMC.
Calling the current optimism in the market as a hope rally driven by FIIs, UR Bhat says India has been spared the cold shouldering of the global community so far.
Jigar Shah of Kim Eng Securities says the house is positive on exporters and consumer space and would not shy away from taking positions in bottom-up stock picking opportunities whenever they arise.
Rahul Chadha of Mirae Asset Global says his fund house continues to remain cautious on the market near term, largely as political uncertainty could aggravate the ongoing slowdown. He is recommending that investors should put their money in defensive stocks in the short term.
The market is in a technical pullback after it bounced off 5850 opines Anil Manghnani, analyst, Modern Shares & Stock Brokers who says he will be waiting for the market's key test to come between 5985 and 6015 rather than taking a fresh call on the Nifty.
Though the Nifty hasn't broken down, the current market movement is worrisome says, analyst, Modern Shares & Stock Brokers, Anil Manghnani.