I guess the question on everyone’s mind is, there is definitely that FOMO feeling out there because the market so swiftly from those March lows has caught up and we are now just about two odd percent away from the all-time peak on the Nifty. Do you put fresh money to work right now or not?
Nischal Maheshwari: Definitely, I would put fresh money because I strongly believe that we are headed towards a new high in the market and maybe it is only a matter of time. Come Diwali you will definitely be on a new high of a market. So, if you are looking to invest, every dip is an opportunity to invest.
And, of course, the question is where do you invest in? Do you buy more of the same financials that seems to be the go-to sector or a fewer defence names or is there anything new a bottom-up story that you are looking at?
Nischal Maheshwari: The play at the moment is interest rate cut, that is a big play out there in the market and second thing is expecting that all what the government has done and the good monsoon will all actually play out as far as consumption is concerned in the second half of the current year. So, you should be looking at doing something like in BFSI, autos, bit of FMCG. So, I am saying consumption as well as banking that is a play which should play out in the remaining part of the year.Interesting that you say consumption. Again, considering it is such a broad umbrella. What end of the curve of consumption do you think one can buy just yet?
Nischal Maheshwari: So, two parts of it. One is obviously the urban consumption still continues to be okay. The rural has started picking up and that is where I would actually go out and look for a two-wheeler, I would go out and look for certain FMCG names which might do well which are more focused on to the rural side, so that is where I would be looking to do consumption. But obviously, the urban, upper rich and urban rich sectors still continue to do well. So, I think those are the two ends one should be invested into.
