We also expect the Auto sector to be in focus. Auto forms the backbone of organized Indian manufacturing. There is a need to bring volume growth back.
How each business of the group is managed and run is more important for investors, says Arora. Its best to avoid any speculation and focus on fundamentals and the facts that are known.
Ritu Arora, Chief Investment Officer of Canara HSBC Oriental Bank of Commerce Life Insurance said that the firm is bullish on India‘s growth story on account of strong fundamentals. Domestic cyclicals such as cement, banking, non-banking finance companies are good themes to play in, she said.
Arora feels sectoral allocation makes sense only once the market stabilises. Till then, she will be looking at earnings visibility as a key indicator.
Ritu Arora of Canara HSBC OBC Life Insurance is of the view that one may prefer IT sector.
Ritu Arora of Canara HSBC OBC Life Insurance prefers private sector banks.
Ritu Arora, Director Investments (Chief Investment Officer), Canara HSBC OBC Life Insurance Company is positive on capital goods stocks.
It's been a tough day for the market that struggled to keep itself above the 5,300 mark. The Nifty ground lower and lower to shut shop at 5,339 losing 45 points. The Sensex was too in the red down 169 points closing at 17,583.
There is no downtrend without a pullback and that's what happened today.
Global cues have played the trick yet again pulling Indian equities deep in the red. The Sensex fell more than 200 points to close at 17,362 while the Nifty shut shop at 5,221.05, down 68.30 points. Though the market has held on very valiantly, chances of Nifty breaching the 5,200-mark on the downside remain high.