Give us a sense of the kind of market moves you have seen today because it is largely mirroring what we have seen on the relatively poorer days last week except Monday and Thursday where we had seen a big up move coming in. Today’s market move is a lot in lines with Tuesday, Wednesday, Friday where it has been rather subdued. It has not been all that bad, but there has not been anything on the positive side as well. Realty continues to outperform, it continues to underperform. Lots of cues that we have taken from last week is what we are seeing today. Give us a sense of what you have made of the trading day. What stood out to you because we have had major news flow also trickled in today.
Nischal Maheshwari: This is just a phase of consolidation. We had a very-very strong run if you remember last week for the first two days and thereafter it is being consolidated because if you really look at it, we are from the bottom around 11% to 12% up and we had quite a bit of turbulence during that time and market has done really well braving all this turbulence and still coming out on the top. So, this is a consolidation phase, no need to worry. I still see a very-very strong market out there and possibly we will see a new high this year itself.
A possibility of a new high in this fiscal itself is what you are pencilling in but help us understand that which sectors can actually lead it through because of late financials have been doing well, but any other sectoral leadership is emerging for you right now?
Nischal Maheshwari: Yes, financials obviously has the largest weight on the Nifty as well as it is coming from a background of almost three-four years underperformance. So, I continue to believe that financials are going to continue to do well. But there are a few other sectors which have started emerging. Cement has done pretty well in this current quarter.
There has been strong volume growth and some of these companies have also started showing price improvement.
So, cement is another one which should see good trend. It I believe with all this turbulence which happened in the US, things are settling down. US continues to grow strongly. So, I believe in the second half of this current year it is also going to be another one which should be looked out for.
Similarly, we are seeing good trends coming from the chemical sector. So, I am just highlighting all the sectors which have not done well, and these would be one of the sectors which will come out very strongly in the current year.
Now, there are a couple of other two sectors defence as well as capital goods, they have continued to do well and given the recent issues I believe defence obviously has done very well, but capital goods also seem to be in a good spot. So, there are four-five sectors which are doing pretty well at this moment.
