Investors across the globe are cautious because of lingering worries around trade war, currency war and geopolitical tensions. That's the observation of Sunil Singhania, founder of Abakkus Asset Management.
Singhania, however, said that when many people are cautious, the market is unlikely to come down in a hurry.
Talking about the correction in the mid cap and small cap space, he said, "These kind of ups and downs is a way of life as far as market is concerned. Any fall is never pleasant for an investor. However, one can make a rationale or reason for stocks making good returns going forward. It is good time to start cherry picking in the space."
According to Singhania, investors can search for value as many companies will start revealing their balance sheets. "So, it is a great space, India is a growing economy and time to start buying between now and September 30," he added.
Singhania said the cement space is a sector where there is money to be made over the next 2-3 years. "The valuations of most companies are at a reasonable level. Moreover, the volume growth in the last 2-3 months has been good even in the southern region where there is oversupply."
"Generally, the consumption space will do well because demographics of India will make sure that consumption remains strong," said Singhania.
"There are some spaces which showed strength like autos, retail, while others that were dependent on weather like air conditioning etc did not do well. But overall, the consumption theme will do well because people want to consume more and better."