The market rallied in the year gone by was on the back lower cost of capital. But now one should be careful on equity, keep wait and watch approach, he said.
He feels low PE stocks will do better in falling market. He sees fair value of Sensex at 32,000, which indicates little bit of downside from here on. Now reversal of cost of capital is playing for the market.
He is hoping that rural India will look better given the government's focus in Budget 2018. Hence, two-wheeler, cement, tractors and staples sectors will be better in growth.
He feels low PE stocks will do better in falling market. He sees fair value of Sensex at 32,000, which indicates little bit of downside from here on. Now reversal of cost of capital is playing for the market.
He is hoping that rural India will look better given the government's focus in Budget 2018. Hence, two-wheeler, cement, tractors and staples sectors will be better in growth.
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