Thank you, readers! That's all from CNBCTV18.com's live market coverage on September 28, 2022. Stay tuned for other updates on our website: CNBCTV18.com.
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FPIs continued to sell Indian shares for 5th straight day on Tuesday
Foreign portfolio investors have net sold Indian shares worth almost Rs 13,800 crore in the past five trading days, according to exchange data. (Read more)
Good opportunity to pick up IT companies in tranches: Devang Mehta
"With the quarterly numbers just 10-15 days away for most of IT companies, it's a good opportunity to sort of pick up these companies in tranches," said Devang Mehta, Centrum Wealth Management to CNBC-TV18.
"The tilt has been towards more of home improvement as a theme. Some companies like Asian paints, some companies like Cera Ceramics or something like an Astral Poly in the midcap universe. Something in the agro chemical as well as speciality chemical universe, all this form part of the portfolio," Mehta said adding, "we can't forget something in the BFSI, Bank Nifty is corrected by eight percent why not get into companies like ICICI Bank or Kotak Mahindra Bank or something like Bajaj Finserve, when you get a proxy for NBFC, holding in Bajaj Finance and also the indirect holding on to the Bajaj FinServ, the Bajaj insurance companies, both general as well as life insurance."
According to Mehta, with this as the theme, if one buys certain sectors in the portfolio, the portfolio is likely to do very well for the next 3-5 years.