Bull market intact but corrections to continue for couple of months at least: Amisha Vora

economictimes.indiatimes.com:

Amisha Vora, Chairperson & MD, Prabhudas Lilladher, says “for quite some time, the sentiment was intact and the correction was shallow and this was not so broad-based. In the last 7-10 days, there was a broader correction across market caps,, less in Nifty but of course across market caps, a number of advance declines was also very sharp in favour of declines. Once a time like that comes, most of the people, their portfolios, their positions, their exposures get realigned. There are M2M related issues. So once that sets in, it takes a little time for things to stabilise and then the bull market to resurrect or the advance to resurrect.”

Last few days have been pretty rocky as far as the broader markets are concerned. Which are the areas your clients have been nibbling in and you have been recommending them to buy?
Amisha Vora: After a very long time, the correction looks a little broad-based and seems to have just started.

I think that this phase of volatility and more corrections will continue for a couple of months at least. But in the meantime, we are continuing to have our view intact as far as BFSI is concerned and as far as capital goods is concerned.

Our weak outlook on consumers continues to be intact. Also we think that within BFSI, segments like life insurance or insurance will come back and selective pharma also will come back.

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