Sonam Udasi of Tata Mutual Fund, recommends select buying in midcap stocks and rural recovery plays.
Sonam Udasi, head of research at IDBI Capital expects India to do well if the global markets stabilise. Moreover, he also told CNBC-TV18 that if the global contagion continues, then India may end up in a 2008 like situation. He suggested investors to stay away from the sugar sector.
Sonam Udasi, Head Research, IDBI Capital in an interview with CNBC-TV18 gave his views about the impact of Assembly elections on the market. He also gave his readings and outlook for various sectors.
The party on Dalal Street seems to be getting over as indices remained in consolidation mode for the second day in a row on Wednesday closing in the red. So is it time to consider this as the beginning of a downturn or is it just a pause before the market shoots up again?
United Bank of India and Bank of Baroda (BOB) good bet among the banking space, says Sonam Udasi, Head Research, IDBI Capital.