IDFC First and Federal Bank stand out among midcaps, but my top pick in the largecap would be Axis Bank. I would still say that in the first ten days of November, Nifty should be at 12,000 and the real effect will come in the broader market as we see outperformance head into 2020, says Sanjiv Bhasin, Executive vice-president, IIFL Securities. Excerpts from an interview with ETNOW. Do you think the market is providing a buying opportunity? I can sum it up in two words – capitulation and despondency at its highest in the broader market and a flight to safety in a handful of 20 stocks. How long can it persist? Look at the changes in macros. There is a strong push from the government on infrastructure, irrigation and now, railways. Telecom sector is also coming out of a deep hiatus of price destruction which should be a very big positive for banks. Also cost of money lending and mistrust is coming to an end. I can stick my neck out that November onward, we should see the beginning of an extremely positive bull market with the broader market participating. I know it is difficult to put your money… Read full this story
- Easter inflation bounce won't end slowdown fears
- Aston Martin shares crash as Deutsche puts the brakes on
- Gedeon Richter Looks to Build Specialist Future After Esmya Travails
- ASB raises milk price forecast to $6.60
- Ninth gain in Global Dairy Trade prices
- Share Watch: Apple's tech is winding up fabled Swiss watch makers
- Pound rallies to 21-month high on potential Brexit delay
- FTSE 100 follows European peers to six-month high
Why Sanjiv Bhasin is bullish on these 3 bank stocks have 261 words, post on economictimes.indiatimes.com at October 11, 2019. This is cached page on Movie Breaking News. If you want remove this page, please contact us.