Stock market expert SP Tulsian of Sptulsian.com on Thursday said automobile and real estate sector needed support and stimulus by the government.
"By and large, this disappointment has come to the market on account of the no stimulus seen coming in. I think that there is a thin line of difference or maybe confusion between the market expectation and government announcements. If you really see the government move or maybe the government indications, Centre has said that they will be taking the sector-specific call," Tulsian said.
Talking about surcharge hike on foreign portfolio investments, Tulsian said, “Unless, until something specific we get to hear from the central government, I don’t think that relief is going to be seen coming in for the FPIs and they will probably be expressing their anger with the selling seen continuing."
"We have been clearly advising the existing investor that avoid averaging, avoid fresh buying and just take a call of about 12 months on Yes Bank kind of stocks. If you are heavily invested and if it is more than 3-5 percent of your portfolio, you need to rebalance by trimming it down. You have to exit at the levels at which it is appearing, no point in waiting to see the level of Rs 60 when the stock is ruling now at Rs 55. Tomorrow, you may get to see the price below Rs 50 and you will again start regretting," he added.Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.