Market Bottom, RBI Policy, Commodities And Financials: Rohit Srivastava’s Full Outlook
Nifty has logged eight straight weekly losses, FPIs have been heavy sellers and the rupee has been under pressure, so the big question is when the market will bottom out. In this interview, Rohit Srivastava, Founder of Indiacharts and Web.strike money, says the market could see a very strong recovery within a week. He also shares his view on the RBI policy due this week and what US bond yields mean for markets.
On where to invest, Rohit likes the commodity sector and finds it a safe place to be. Along with metals, he has agro commodities in focus and says steel is another space where you can invest. Among equity indices, he likes Bank, Realty and Auto. He also talks about the auto sector and hospital stocks.
In financials, he says the second-line banks are better than the bigger ones, and smaller names could give better returns than the large banks. He explains why the bigger returns in this space could come from there.