Rajesh Kothari News Today : Breaking News, Live Updates & Top Stories | Vimarsana

"From 2003 to 2008, Sensex went up five times in five years. But there were six episodes during that period when the market corrected by 20%, I mean the Sensex corrected by 20%, the mid and smallcap of course would have corrected much more. So we cannot skip those periods, there is no gain without some pain. We are in that journey and some corrections are always good."

“The challenge in IT is how can the companies make sure that they have shifted their product profile from legacy to more cloud related in the last two years and incrementally from cloud to the AI related portfolio over the next three to five years. A selective strategy would be the better strategy in this space.”

"When it comes to building material, they get the tailwind from the industrial capex. They also get tailwinds from the government capex. They also get tailwinds from the real estate boom. There are multiple tailwinds which help the building material segment whether it is wires, whether it is cables, whether it is PVC pipes."

Earlier instances of bull markets in broader equities have seen microcap earnings yield spread over largecaps drop to near-zero versus current spread of 150-200 bps

Auto sector does look slightly overvalued, hence, remain selective within the auto OEM space.