Dipan Mehta, member BSE/NSE, feels high beta stocks will continue to disappoint. The outlook could be positive for M&M and valuations also are pretty reasonable at this point of time, he says.
BP Singh, ED & CIO - Equity, Pramerica MF says, yesterday's rally in our market reflects only a cyclical recovery and long-term uncertainties still continue to exist.
Deepesh Pandey, Head of Investments of IIFL Capital advises investors to adopt a 'buy on dips' strategy as he expects markets to outperform in the near-term, citing fair valuations. India has been getting a higher share of the FII flows and the trend is most likely to continue if the government delivers on reforms, Pandey says.
Sanjay Sinha, founder of Citrus Advisors tells CNBC-TV18 that the time has come for investors too look at increasing their exposure in rate sensitives like banks, auto and infrastructure.
Indian equities are not going through a bear phase, said Anand Rathi, chairman of Anand Rathi. He pointed out that the chances of market going down further today are very low. He feels India is still a stock pickers market, however, he indicated that the brokerage industry is going through the toughest time.
Deven Choksey, MD of KR Choksey Shares and Securities, in an interview on CNBC-TV18 said that yesterday, there were instances of a recovery throughout the day, yet participation was not as present as it could have been.
Concerns on high inflation and crude prices have been, since quite sometime, playing a dampener on the markets. However, this doesn't worry Toral Munshi head of India equity research at Credit Suisse Wealth Management.