Experts pick: Cairn India, TCS, Ranbaxy, RPL, ONGC, RIL
If investors are already holding index-based stocks, they should remain invested. Any fresh buying should be made only after the market falls below 14,000 levels.
If investors are already holding index-based stocks, they should remain invested. Any fresh buying should be made only after the market falls below 14,000 levels.
One should avoid investing outside large cap index stocks. There could a good amount of value buying once the Sensex touches 14,000 levels.
The consistent selling pressure has also been largely due to redemption pressures. Stocks like Tata Steel, Infosys Technologies and Cairn India look good at current levels and investors can buy them on declines.
Shrikant Chouhan
Vice-president (Technical Research),
Kotak Securities
We cannot conclusively say markets have bottomed out. We fear there could be further selling pressure. Investors that are sitting on cash can start taking exposure in sectors like pharma, information technology and FMCG. Stocks like Ranbaxy, Divi���s Laboratories, Tata Consultancy Services and Wipro are good investment bets.
Hitesh Sheth,
Head-technical Research,
Prabhudas Lilladher
Looking forward, the market will take cue from the movement in oil prices. The rising inflation could go out of control, which may cause a further weakness in the market. I think investors can start putting money in stocks like MRPL, RPL, Chennai Petroleum. Apart from these stocks, one can also buy into a few large cap stocks like Reliance Industries, SBI, L&T and DLF.
KR Choksey
The way the economic situation has turned out, there is a clear sign of a slowdown in the world economy. Markets would consolidate at these levels and any upside seems restricted as of now. Retail investors should wait at the sidelines as they are expected to get good bargain. I would not like retail investors to put their money in the markets right now.
Chairman, Parag Parikh Financial Advisory Services
Long-term retail investors can start investing in phases as it will be difficult to catch the market bottom. Shares prices have corrected substantially and we believe sectors like FMCG and pharma can outperform the market. Investors can buy selectively into large cap stocks in these sectors.
Kunj Bansal,
Senior Vice-President-PMS, Kotak Securities
We are asking our clients to wait and watch. The overall volumes in the market is low and not many people are building positions. We are asking our long term clients to stay invested. Some are also taking short term calls. There is, however, no panic as of now. We are advising our clients to stay away from sectors like real estate, banking and capital goods as they would be affected by the runaway inflation. At the same time, stocks in the IT space and also heavyweights like Reliance Industries and ONGC look good at current levels.
Ketan Malkan,
V-P, HNI Desk, India Infoline
One should avoid investing outside large cap index stocks. There could a good amount of value buying once the Sensex touches 14,000 levels.
The consistent selling pressure has also been largely due to redemption pressures. Stocks like Tata Steel, Infosys Technologies and Cairn India look good at current levels and investors can buy them on declines.
Shrikant Chouhan
Vice-president (Technical Research),
Kotak Securities
We cannot conclusively say markets have bottomed out. We fear there could be further selling pressure. Investors that are sitting on cash can start taking exposure in sectors like pharma, information technology and FMCG. Stocks like Ranbaxy, Divi���s Laboratories, Tata Consultancy Services and Wipro are good investment bets.
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Hitesh Sheth,
Head-technical Research,
Prabhudas Lilladher
Looking forward, the market will take cue from the movement in oil prices. The rising inflation could go out of control, which may cause a further weakness in the market. I think investors can start putting money in stocks like MRPL, RPL, Chennai Petroleum. Apart from these stocks, one can also buy into a few large cap stocks like Reliance Industries, SBI, L&T and DLF.
KR Choksey
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Chairman, KR Choksey Shares & SecuritiesThe way the economic situation has turned out, there is a clear sign of a slowdown in the world economy. Markets would consolidate at these levels and any upside seems restricted as of now. Retail investors should wait at the sidelines as they are expected to get good bargain. I would not like retail investors to put their money in the markets right now.
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Parag ParikhChairman, Parag Parikh Financial Advisory Services
Long-term retail investors can start investing in phases as it will be difficult to catch the market bottom. Shares prices have corrected substantially and we believe sectors like FMCG and pharma can outperform the market. Investors can buy selectively into large cap stocks in these sectors.
Kunj Bansal,
Senior Vice-President-PMS, Kotak Securities
We are asking our clients to wait and watch. The overall volumes in the market is low and not many people are building positions. We are asking our long term clients to stay invested. Some are also taking short term calls. There is, however, no panic as of now. We are advising our clients to stay away from sectors like real estate, banking and capital goods as they would be affected by the runaway inflation. At the same time, stocks in the IT space and also heavyweights like Reliance Industries and ONGC look good at current levels.
Ketan Malkan,
V-P, HNI Desk, India Infoline
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