Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
January 31, 2019 10:34 AM | Market

Market likely to be rangebound until general elections, says Kotak MF’s Harsha Upadhyaya

The market is likely to be rangebound until general elections, said Harsha Upadhyaya, CIO-Equity at Kotak MF, adding that the auto sector will continue to underperform in the near-term.

"Volume growth for most segments of auto companies has been subdued," he said.

He said that the asset quality woes for corporate private banks were decreasing. “For years the corporate facing private sector banks and also PSU banks were facing a lot of headwinds in terms of asset quality trends. Now that seems to be stabilising. So we are bullish on corporate facing private sector banks," he said.

When asked about budget, Upadhyaya said, “In an election year it is fair to expect that the budget is going to be somewhat expansionary in nature and most of the market participants are expecting some sort of initiatives in the segments where some stress is building up.”
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