Market strength is due to RBI and SEBI's action: Sudip Bandyopadhyay, MD & CEO, Destimoney Securities Pvt. Ltd.

In an interview with ET NOW, Sudip Bandyopadhyay, MD & CEO, Destimoney Securities Pvt. Ltd, gives his outlook on the markets. Excerpts:

ET Now: What is going to be the next trigger for the equity markets?

Sudip Bandyopadhyay: Two things which will guide Indian markets – one is the global risk on or risk off mood. This is absolutely critical because we need continuous liquidity in the market, at least liquidity should not move out of the market due to risk off mood.

The second factor is domestic reform momentum. Today, market strength, to an extent, is due to RBI and SEBI's action to prevent the continuous fall of rupee. This assurance that now finally RBI and SEBI has woken up and taking action to prevent further slide of the rupee is a good message.

ET Now: Leave us with your top midcap bet?

Sudip Bandyopadhyay: I like MT Educare. It is an excellent company in the making. Investors entering right now can expect 30-40% return over a one-year period of time. Other thing which I like is Accelya Kale, excellent company, great parentage, 74% held by Accelya, which is a global company. They are very focussed and from current level I see again 30-40% price movement.

ET Now: Anything else that you like from the midcap basket.

Sudip Bandyopadhyay: We do like Rallis. It is on the agricultural side and based on the good monsoon this year and considering that it is an election year, lots of sops are going to be given to the rural India. We expect 20% to 30% return on Rallis.