Midcap and largecap IT stocks poised for 20% growth in next one year: Chakri Lokapriya

economictimes.indiatimes.com:

«So, maybe there are some quarters of the market which believe that there will be a rate cut and so all the interest rate sensitives, whether industrials, banks, financial services, consumer discretionary, these are also moving up. And we also believe that an repo rate cut is actually essential to boost up both corporate India and the economy,» says Chakri Lokapriya, Managing Partner, RSB LLP.

The FIIs definitely are back with a vengeance, although the DIIs have been selling of late. But that aside, what is it that you are making of the market move of late? And does it seem like that aberration that we had in the month of September and October, that is way behind us?
Chakri Lokapriya: The market had corrected a good 10% and that also reflects in the slower GDP growth, that means the economy is slowing down. So, there is all expectations aside, I think the need of the hour is not just a liquidity boost of CRR cut, but also a repo rate cut. So, maybe there are some quarters of the market which believe that there will be a rate cut and so all the interest rate sensitives, whether industrials, banks, financial services, consumer discretionary, these are also moving up. And we also believe that an repo rate cut is actually essential to boost up both corporate India and the economy.

Talking about some of these financial market ancillaries then. Yesterday, those stocks were fairly excited. I know there are those initial trends going around that the dip in the F&O volumes on account of taking away of those weekly expiries