Valuations are reasonable and the outlook is improving in IT, BFSI and FMCG. Defence, engineering and power are clearly overpriced and some profits can be taken, Nischal Maheshwari of Centrum said
Investors should keep a close check on the actual inflation trajectory and related RBI monetary policy action and exit strategy from current monetary conditions, he said
The risk-on sentiment has been fuelled by continuous liquidity injection provided by major central banks across the globe, especially the US Federal Reserve
Nischal Maheshwari, CEO for institutional equities & advisory at Centrum Broking, tells Business Standard that the larger issue at hand is earnings growth and not the election outcome