The Indian capital market has revived because money is still coming in from investors and private sector banks continue to do well, says UR Bhat, Director of Dalton Capital Advisor.
"The market has revived almost 4 percent since the low of the budget, but I don’t know how sustainable it is. We have been waiting for an economic revival for quite some time and we must be very close to it I hope,” he noted.
“Commercial vehicles could revive within six months or so because by that time the BS-VI situation would have stabilised and even the base would be much better because six months ago things were in much worse shape. Quite a lot of the inventory is out now. From the second quarter of FY21, things should start looking up,” Bhat opined.
While giving his take on financials, he said, “Private sector banks continue to do well and if you have to be in equities, that is one space where, in a correction, you could buy into. There are only a couple of NBFCs which are investment-worthy. All others are in a state of stupor.”
First Published: Feb 12, 2020 1:14 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM