Underweight on global commodities: Jyoti Jaipuria
We are underweight metals. We are underweight the refining players because that will be hit the most if we see some uncertainty and slowdown in growth in China or other parts of the world, so that's the sector we are avoiding.
By ET Bureau |
ET Now caught up with Jyoti Jaipuria, Head, Research, BAS-ML to know his views on sectors to avoid.
In the current context sectors or stories that you would avoid and also some of the challenges or pitfalls that the market should be wary of?
The thing, which we are avoiding is more the global players, which are more linked to China and the globe, so we are at the moment underweight on global commodities. We are underweight metals. We are underweight the refining players because that will be hit the most if we see some uncertainty and slowdown in growth in China or other parts of the world, so that's the sector we are avoiding.
From the market point of view also, the bigger risk is really outside India than probably in India.
In the current context sectors or stories that you would avoid and also some of the challenges or pitfalls that the market should be wary of?
The thing, which we are avoiding is more the global players, which are more linked to China and the globe, so we are at the moment underweight on global commodities. We are underweight metals. We are underweight the refining players because that will be hit the most if we see some uncertainty and slowdown in growth in China or other parts of the world, so that's the sector we are avoiding.
From the market point of view also, the bigger risk is really outside India than probably in India.
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