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- Fundamentally market doing fine; cautious on smallcaps, microcaps: Expert
One should be cautious on microcap, smallcap and poor management companies, says Rajesh Kothari Managing Director AlfAccurate Advisors.
In an interview to CNBC-TV18, Manish Kumar, CIO of ICICI Prudential discussed fundamentals of the market as well as shared his views on some of the sectors.
Shah also said that one has to be cautious of the high valuations of several IPOs that are hitting the market. He remains positive on IT space and believes that the worst is over. Shah also said that one has to be cautious of the high valuations of several IPOs that are hitting the market. He remains positive on IT space and believes that the worst is over.
Independent market expert Ambareesh Baliga says this is a traders market and so it is better to take your profits on a daily basis.
The next Nifty target would be 10,500 and the Midcap index is likely to outperform.
The Sensex was up 151.15 points at 32423.76, while the Nifty was up 67.70 points at 10153.10.
Gautam Duggad of Motilal Oswal believes while valuations are not euphoric, they are rich versus long period averages.
The hospitality industry changed dramatically between 2000 and 2017, it has gone through a strategic shift ofan asset-heavy model to asset-light model, said Vineet Bhatnagar, MD, PhillipCapital. In an interview to CNBC-TV18, Udayan Mukherjee, Consulting Editor of CNBC-TV18 shared his views and readings on the market, specific stocks and sectors.Tags : MoneyControl, Money Control, MoneyControl india business news, money control stock markets, moneycontrol market outlook, moneycontrol finance news
