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Nipun Mehta, Founder & CEO, Blue Ocean Capital Advisors is of the view that market is currently consolidatng and it is possible for the Indian benchmark indices to see a 3-5 percent upmove or down move.
Nipun Mehta, Founder & CEO, Blue Ocean Capital Advisors is of the belief that upward momentum for the market will continue, backed by strong foreign institutional investor (FII) buying.
The ongoing consolidation in the stock markets is a positive but till there is global stability, both in terms of macro events as well as flows, some volatility can be expected, says Nipun Mehta of Blue Ocean Capital.
Nipun Mehta, Founder and CEO of Blue Ocean Capital Advisors says the Fed may hike rates from 15 basis points to 25 basis points as far as domestic markets are concerned.
Nipun Mehta says the banking, IT and pharma sector are likely to do well.
For investing, one should look at getting into fundamentally sound stocks and sectors that have consistently performed but the wait could be longer, says Nipun Mehta of Blue Ocean Capital Advisors.
According to Sukhani, IT and pharma are still worth buying as these two sectors have been consistently performing well. He believes Nifty will rally in the coming days and therefore, these sectors are likely to outperform.
P Phani Sekhar of Angel Broking and Nipun Mehta of Blue Ocean Capital Advisors believe it is the right time to buy the stock.
In an interview to CNBC-TV18 market experts Sudarshan Sukhani of s2analytics.com, P Phani Sekhar of Angel Broking and Nipun Mehta of Blue Ocean Capital Advisors share their views on the market and specific stocks going ahead
According to Mehta, of late Ranbaxy has been in the news for all the wrong reasons barring its merger with pharma behemoth Sun Pharma, making it a potential trigger for investors to buy the stock.
Purely from a short-term point of view there might not be too much of significant run up but purely on a fundamental basis Sun Pharma looks fairly strong, does warrant a presence in portfolios, has a fair amount of institutional investment as well, says Nipun Mehta.
Rahul Mohindar of viratechindia.com advises investors to shy away from technology stocks and those from oil and gas space.
Market experts Nipun Mehta and Dilip Bhatdo see no negatives for Sun Pharma if the Ranbaxy deal goes through.