Motilal Oswal
    NIFTY 50
Motilal Oswal
November 07, 2018 06:43 PM | Market

Mahurat Trading: Ramesh Damani of BSE maintains positive view on select NBFCs

In an interview to CNBC-TV18, Ramesh Damani, member, BSE, shared his expectations from Samvat 2075 on the occasion of Muhurat trading.

Damani said, "I remain optimistic, I think what happened in the last few months was a correction, a break in the bull market rather than an ending of the bull market. So, I remain optimistic about the year ahead."

The fall has been very serious and has had quite an impact on everyone's portfolio but the market is now shrugging off bad news, Damani said.

On PSU banking space and NBFCs, Damani said, "I am not a great votary of the public sector banks because there are still some issues about these companies though I would nibble at them."

On NBFCs I think some of them will continue to do well. I own a little bit of it just as a disclosure. Bajaj Finance would tend to do very well over time."

Disclaimer: The views and investment tips expressed by investment experts on are their own and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV