Key Points
Siddhartha Khemka, Head-Retail Research, MOFSL, says there is very strong liquidity from the domestic flows be it the DIIs, HNIs, retail investors and that is what we are also seeing in some of the IPOs that have come out..
Siddhartha Khemka: If you look at the markets, yes, definitely a case of strong liquidity is supporting the sentiments and the indices as well..
But what is also supporting so far has been the strong macros that have withstood the global headwinds and that continues to be the case which kind of makes a positive case going forward as well.. Whenever the interest rate cut cycle starts, the expectation of flows from global markets to emerging markets especially Indian markets could be pretty strong, especially given the fact that last few months, FIIs have been consistent sellers in the broader market and that is a space where despite you can say a lackluster performance by Nifty in the last couple of days the mid and small-caps have outperformed...
If I had to ask you your pecking order within sectors, stocks, anything, give us some Independence Day ideas if you can or some themes that you are watching out for, for the next few months or weeks as well.. Siddhartha Khemka: On a broader sectoral perspective, post the results season, the one sector that stands out is the pharma space..
On an aggregate basis, our healthcare space has delivered upwards of 20% net profit growth, so that is one space that we believe could continue to do well.. Apart from that, FMCG is another space where a lot of commentaries about the rural sector picking up and growth being better than the urban, that is another space...
