From now till 2024 elections a very good time to buy stocks; look at these 3 sectors: Abhishek Basumallick

economictimes.indiatimes.com:

Abhishek Basumallick, Founder & Chief Equity Advisor, Intelsense Capital, says “right now is a very good time to buy for probably the next two to three years. Right now means from now till the end of the year, maybe before elections next year. So the next seven-eight months or ten months are likely to provide a good opportunity to buy. We need to be keeping our eyes open, always be on the lookout for good companies where there is visibility of earnings growth.”

Something is troubling one part of the market quite a lot in the last few days and that is the dollar index crossing 106. In fact, in the last five days, we have seen FII selling getting accelerated. The fear is that it may get even further accelerated from here on. Plus, there is rising bond yields in the US. Is that a legitimate worry or are we flush with domestic liquidity and any volatility, if it arises, will be absorbed?
There is some cause of concern or at least we need to take note of what is happening in the US because ultimately a large part of global liquidity is being driven through dollars.

We should not say that because we have so much liquidity coming in, everything is going to be fine. That probably is going to be too simplistic a view. We need to be cognisant of what is happening in the US.

The rates are going up. So obviously there is going to be pressure in the Indian equity markets.

How are you hedging your portfolio for that potential risk which may arise? Have you raised cash levels? Are you not buying anything fresh at these levels, only studying and will buy only at a pullback? How are you managing your portfolio?
We have sort of stayed put with what we have. We keep researching different industries, different stocks at all points in time.