Market likely to stay in 16-19k range till Dec: Saurabh Mukherjea, Execution Noble

Saurabh Mukherjea, Head of Indian Equities, Execution Noble, in a chat with ET Now talks about the markets.

What is the overall sense in the market right now? What is that you are playing with? What is it that you are advising clients, will it be range bound or is there a sense that we perhaps might breakout?

From now until Christmas, I really do not see any major triggers for the market to grow up, neither do we see the market down meaningfully. The range between 16000 and 19000 will probably stay between now and Christmas and largely because while GDP growth is dragging the market up, inflation will drag down Q2 and Q3 earnings.

So the best way to play the market is focus on segment leaders, high quality companies where you have conviction this company can deal with high inflation and protect to see EBITDA margins. During now and Christmas is a great time to accumulate these high quality stocks at your leisure really without expecting meaningful upside over 3 or 4 months.