Arvind Sanger, Managing Partner of Geosphere Capital Management, on Thursday said that there were enough reasons for the market to be worried about. "Some sectors have seen unusual good news," said Sanger in an interview with CNBC-TV18.
Sanger believes a lot of domestic money is sitting on the sidelines.
On RIL, he said, “Reliance is a bellwether and it has become much more of a play on retail and digital. It’s a bellwether but it’s not going to be, as it is clear from the last couple of months, it’s not going to be a one-company market. It’s a long-term winner but I do not think it’s a pacesetter by itself as it was a few months ago.”
On value pockets, Sanger said, “Value can be found in domestic power, infra. Some of these sectors that have been left in debt for long time. I have been mentioning real estate from a long-term standpoint – that could be valuable.”
“One could choose travel, leisure and entertainment stocks which are still well below in most cases... Full recovery will be seen after a vaccine."
For the entire interview, watch the video
Disclosure: Network 18, which publishes cnbctv18.com, is a part of the Reliance Group.