Deepak Shenoy, Founder & CEO, Capitalmind, speaking to CNBC-Awaaz on the market’s further outlook. Says that Nifty has fallen by about 10-12 percent. It would be advisable to buy good stocks during market correction. Let us tell you that Deepak Shenoy Pay special attention to relative strength. He further said that the valuations of defense stocks have cooled down a bit. More volatility will be seen in the market. Therefore, invest in this market with a long term perspective. The market will be seen giving good returns in future.
The impact of changes in the rules for identification of NPAs due to RBI regulation will be visible on Axis Bank. However, valuations of large private banks have become quite good. At present, there is no advice to make any kind of strategy in Axis Bank. We have a position in LIC. The profit of LI’s participation policy is also increasing.
In this conversation, Deepak Shenoy further said that the impact of FII is possible after Trump’s policies are made clear. However, after FII selling, DII buying is good for the market. There is pressure on the dollar also because RBI has changed its stance. Earlier RBI used to say that we will keep it stable but now it has moved away from stability.
Kalyan Jewelers should remain in wait and watch mode for now. There are many types of rumors in this stock. However, the company has given its clarification. But after the results, it will become clear only in the company’s conference as to what the situation is.
Talking about the railway sector, he said that we have lightened our position in railways because the stocks had gone up a lot. If there are some better announcements regarding the railway sector in the budget, then we would like to create some more positions in this sector. However, the government’s expenditure on capital goods has not yet increased as it should have after the elections. There is a lot of opportunity in capital goods. There is a lot of growth in this sector.
Banking Sector: Market disappointed with the results of Axis Bank, will the results of other banks also be weak, know from experts what should be the investment strategy now
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