Is it a good time to buy NBFCs in the near term? Pashupati Advani answers
«So, the HNIs are licking their wounds and only the index seems to have done super well. So, let us see, I mean, we are all here, we are all in the market, we are not going to give up and go away. I think people look at India as a global story. It is fantastic. But I do not agree with some of those sectors,» says Pashupati Advani, pashupatiadvani@globalforay
Nifty at an all-time high, but a lot of stocks which matter to the viewers, a lot of HNI stocks, a lot of retail stocks, retail-dominated stocks, they have corrected 5%, 10%, 15%, even 30%. Is the bull market over?
Pashupati Advani: I think we are looking for cues to move forward and I think that there do not seem to be any that we can see. So, there is a sectoral shift because obviously people like India as a whole, they just want to be in the right thing, so you are seeing little nibbles in things like obviously insurance, but this thing real estate, the auto pack is a little bit over. People are looking at defensives.
People are looking at private sector banks again. So, it is like a turn and they are just moving from one to the other and as you said, all the good HNI stocks have got kicked in the last two weeks. So, the HNIs are licking their wounds and only the index seems to have done super well. So, let us see, I mean, we are all here, we are all in the market, we are not going to give up and go away. I think people look at India as a global story. It is fantastic. But I do not agree with some of those sectors.
I mean, I particularly do not like the IT
