UR Bhat, director of Dalton Capital Advisors discusses with Prashant Nair and Ekta Batra his analysis on the fundamental side of the market as well as specific stocks and sectors. He also answered viewer’s stock queries.
He said metals are doing well because global economy is picking up.
“Market is probably range bound with a negative bias having seen for some time. Domestic issues are not as serious except on the external account. On domestic front, the economy is doing reasonably well. Economic activities are quite robust,” he said.
According to him, rupee and oil are a matter of worry and there seems no solution for them immediately.
Midcaps might be under pressure for some more time until there is some balance between valuations of largecaps and midcaps, he added.