Bull run here to stay with small corrections, says Quant Mutual Fund CIO Sandeep Tondon in chat with Anil Singhvi
Zee Business Managing Editor Anil Singhvi on Tuesday spoke with Sandeep Tondon, Founder and CIO, Quant Mutual Fund, and discussed on range of issues related to current mood in the stock market.
Zee Business Managing Editor Anil Singhvi on Tuesday spoke with Sandeep Tondon, Founder and CIO, Quant Mutual Fund, and discussed on range of issues related to current mood in the stock market.
Sandeep Tondon said current mood and data points in the share market hints at constructive trend. "We cannot see Indian markets in isolation, but have to look at it relatively with other markets across the globe and comparison has to be drawn over the time," said the Quant Mutual Fund CIO.
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He said the recent bull run has been largely driven by global liquidity. In the last 18 months, global equities have surged but it is nearing its life-time and a drift down is being witnessed, he said. "It only indicates that we are in the last leg of easy phase of the bull run that was saw worldwide. As far as India is concerned, the bull run will be still there, however, the domestic market will see small corrections in line with the global developments," elaborated Tondon when the Market Guru asked him about the sentiments of the Indian market going forward.
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He said one cannot expect similar returns from Mid cap and small cap that was seen during this period. " But multiple data suggests that the Indian markets are yet to peak out as there is enough liquidity here," said the market expert.
Talking about themes and sectors which still have potential to give good returns, Tondon said growth stocks should be avoided as it sees massive correction in no time and one should identify and invest in value stocks.
As good chunk of investors has entered the stock market in the last 18 months and they are yet to see a sizable correction, Quant Mutual Fund Founder suggests them to cut down on their expectations. "One should no more think of profit in the range of 100 to 200 per cent and more, but rather keep it to minimum. If one prunes down their expectations, there won't be much effect psychologically. We have to identify value stocks and invest in them as there is still opportunity in these kinds of stocks worldwide, especially in India," concluded Tondon.
02:34 PM IST