India on a trajectory of its own; if flows continue, market will continue to do well: Anand Tandon
Anand Tandon, Independent Analyst, says among themes that will continue doing well will be insurance. Housing finance is going to have a new lease of life. It is a sector where many new companies have got listed over the past two years, and are reporting fairly good numbers. Travel tourism continues to remain reasonably attractive and robust because even today. Selectively, real estate will, for the next 12 to 18 months, continue to report reasonably good numbers.
Tandon also says that India is on a trajectory of its own and is not looking for any negative news. As long as the flows continue, the market direction is reasonably settled.
What do you make of the market mood right now? Throw in the global worries, throw in earnings downgrades, throw in any other news flow – but the Indian markets only know one direction!
Anand Tandon: That is right, there is still a lot of optimism in the domestic market. To some extent, the US market gave a little bit of a push as well because of the expectation that a rate cut in the US may help emerging markets. India is on a trajectory of its own and is not looking for any negative news. As long as the flows continue, the market direction is reasonably settled.
What is your view on the entire metal pack? A lot is happening around the globe when you talk about commodities, but back home, when you talk about the metal sector, which side of the fence are you on when it comes to that particular space?
Anand Tandon: In India, there are only two areas you could be looking at in terms of
