Market’s pain nearing its end; expect revival in broader market: Hemang Jani

«At the same time, I do think that we have underperformed big time and there is too much of focus on these FIIs sell flows and when exactly it will end,» says Hemang Jani, Independent Market Expert.

A little hopeful with the recovery in the broader markets yesterday. Do you think we are closer to the end of the pain for the overall market fall?
Hemang Jani: I do not think Nifty has been finding some sort of support around these levels. Though we do see a bit of volatility here and there, but there is a by and large comfort in the indices like Nifty and Bank Nifty. After a long time, we have seen a bit of a revival come through in the broader market midcaps and smallcaps where the pain was there for past many days.

So, it will be important to see if we are able to see some more stability in the broader market because that will actually give a lot of comfort to investors.
At the same time, I do think that we have underperformed big time and there is too much of focus on these FIIs sell flows and when exactly it will end. But I do think that the grind is almost at the end and there should be some stability in the markets because underperformance along with some positive data points are suggesting that we are very-very near to a good revival in the market.

What has changed for power sector? This was like the go-to sector. Suddenly, there seems to be all kind of views which are floating around.
Hemang Jani: Typically, in any bull market, you see certain utility companies, companies which are generating stable