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“Consumption has slowed down in terms of earnings momentum, both on the staple side as well as discretionary side. But it will be a big beneficiary of the capex cycle eventually. But for this moment, I think the industrial space, the financial space which is linked to the cycle, we are seeing significant confidence in the earnings momentum sustaining.”
Investors exuberance is backed by return of FII inflows, easing bond yields, and cooling crude oil prices
“Eventually, there will be a rethink on Govts latest ethanol directive, and to that extent, the stronger sugar companies will come back because otherwise many of the companies will go into deep losses. They will not be able to pay farmers and the entire equation for the government will also go for a toss. So wait and watch.”
“Buying and selling is probably happening in the same sectors. We are not selling real estate stocks and going into chemicals or going into the Whirlpools of the world because we still want the sector that we buy should be good and there should be good revenue visibility in the sector.”
After a brief pause, the primary market will be back in full swing this week with two mainboard IPOs and four SME issues planning to raise about Rs 2,500 crore. The two mainstream public offers -- DOMS Industries and India Shelter Finance -- will open for public subscription on December 13 and close on December 15.