Daily Voice | Five sectors look stable but stay cautious on tourism, aviation, says Abhijit Bhave of Fisdom Private Wealth

  • Date: 20-Oct-2021
  • Source: Money Control
  • Sector:Tourism
  • Country:Gulf
  • Who else needs to know?

Daily Voice | Five sectors look stable but stay cautious on tourism, aviation, says Abhijit Bhave of Fisdom Private Wealth





Robust fundamentals, easy liquidity and positive sentiments have catapulted domestic equities to lifetime highs in this month. The BSE Sensex hit 62,000 mark and the NSE Nifty50 topped 18,600 level on October 19, rising more than 4 percent over September.

Full unlocking of the economy by the beginning of FY23 will give more leg to the upside for the stock market to sustain this rally, believes Abhijit Bhave, CEO, Fisdom Private Wealth.

"As the economy returns to normalcy, we would be better off, increasing allocations to stocks in the core and cyclical sectors like infrastructure, real estate, capital goods, auto, and BFSI," he shares with Sunil Shankar Matkar in an interview to Moneycontrol. Excerpts from the interview:

The market rallied around 50 percent in the last one year. Do you expect similar kind of return in the next one year as well?

Strong economic fundamentals, easy liquidity and an overall upbeat sentiment catapulted domestic equities to lifetime highs this month. Full unlocking of the economy by the start of the next fiscal year will give more leg to the upside for the stock market.

The last year has seen many organisations reducing debt on their balance sheets, increasing operating leverage, and showing strong signs of strength in earnings momentum. All these