ETMarkets Smart Talk: Till next Diwali, I think value lies in quality: Shiv Sehgal

economictimes.indiatimes.com:

“For the next Samvat, I think we should return back to a regime where there will be a preference for quality/cash cows which have underperformed,” says Shiv Sehgal, President and head,Nuvama Capital Markets.

In an interview with ETMarkets, Sehgal said: “I think to spot gems in a falling market, one should follow a sound bottoms up framework of stock picking” Edited excerpts:

We have seen more than 6% correction from the highs in both Sensex and Nifty. What is fueling the fall – is it the combination of the rise in US Yields and geopolitical concerns? The Nifty50 and Indian equities have been outliers amongst the global equity bourses. It is perhaps the only index in the world that has hit fresh highs in 2023.

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Thus, to some extent, some correction was warranted. The recent correction is definitely a rub-off of global events.

Hereon, global events will be more dominant as India’s banking sector liquidity has now normalised and to that extent balance of payment developments become critical. These will be shaped by global developments to a reasonable extent.

The next big question is – should one buy the fall or stay put?
As a long-term investor, one should definitely look to accumulate. As I have mentioned before, the next decade is likely to be India’s owing to its 5D advantage –

ETMarkets Smart Talk: Motilal Oswal adding weight in healthcare, underweight on metals, energy, IT & utilities: Sneha Poddar

i) Deglobalisation – With the world looking to