Expect market to perform well post the election: Sudip Bandyopadhyay, Destimoney Securities

In a chat with ET Now, Sudip Bandyopadhyay, President, Destimoney Securities Pvt Ltd, shares his market outlook. Excerpts:

ET Now: While benchmark indices are stuck in a range, the outright bearishness is not there on D-Street. Your view?



Sudip Bandyopadhyay: I completely agree with you. I was going to say that we need not be disappointed or get worried. There was obviously negative news flow from China, but even that Chinese data should be taken with a pinch of salt.

Even domestically, the problem going around with banks like United Bank of India is creating a sense of fear, but enough money is being made in midcap and small cap. Honestly, there are excellently performing midcap and small cap shares. One should look at these opportunities of buying and start to invest in the market.

We should start improving and start seeing good market developments in about three months’ time, which is post the election. The Indian macro fundamentals have improved and company performances have been improving by and large, whether it is the Nifty or the midcap or small cap. Therefore, if you are able to pick the right stocks now when the market is under pressure, it will stand the investor in good state.