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Explore Now Sectors that were out of favour in the last 5-10 years are now coming back on their own, says Anshul Saigal, Portfolio Manager & Head - PMS, Kotak Mahindra AMC. Edited excerpts from his interview with ET Now: What is your reading of the mild consolidation seen in the market? The broader market has put up a decent show. What is not visible to the observer of frontline indices is that there is a broad-based uplifting of stock prices in the Indian bourses. In the last 3 years, the rally was quite polarised and favoured only a few select largecaps and the so-called quality and high cash flow kind of companies. This is becoming more broad-based now. ....
MUMBAI: The most awaited IPO of the year has finally been set in motion, after food delivery aggregator Zomato on Wednesday filed draft papers with Sebi for its $1 billion issue. The company has been one of the biggest startup success stories to emerge out of India over the past decade along with its chief rival Swiggy, Flipkart and Byju’s. Dealers in the grey market, or the unofficial market for trading in unlisted shares, said the company could be valued at more than Rs 53,000 crore, which will make it larger than one-third of the companies that are part of the Nifty50 index. ....
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Has the much talked about time-wise correction in the market actually kicked in because one is not quite seeing any signs of a buy on declines just yet? Hard to say that. The general philosophy that we follow is that predicting the markets is a losers’ game. It is more important to understand, bottom up which stocks and sectors are going to do well and take calls accordingly. These sort of falls in the markets can happen anytime in a bull market and one has to be geared for that and has to have the stomach to bear such volatility. But over a period of time, if you have got the right stocks, if you have got the right sectors then it all evens out and one participates in the rally. ....