Real estate demand getting a boost owing to lower interest cycle, says HSBC Global

“Once the competition starts to build up, which is everyone starts to bid for the next client with adequate capital in hands is when the action will start but for the smaller guys to get there, it is still sometime. One can take a bet on well capitalised non-banking financial companies (NBFCs), people down the line in that way but it is going to be not very across the board phenomenon.”

On metals, Pradhan said, “Metals is a very lead indicator of industrial activity anywhere that you can see. That will be the one sector which clearly will see some sort of volume growth going into the next few months or so.”

The bounce back after a very sharp fall is going to be even higher, he said.

“The world is going to go under a restoration economic situation. The bounce back after a very sharp fall is going to be even higher. So economies that did not see that much of an impact may not recover or bounce back that much. However, the whole emphasis now is on these economies which have taken a much larger hit to their economies and as the restoration starts to move, that is where the momentum is likely to come. So commercial vehicles (CVs) are clearly an indication of what is happening in the broader economy, in the supply economy, in the industrial economy, in the goods economy.”