NIFTY 50

Going forward, monetary policy will be a key trigger for the market, says Kotak Mahindra AMC

Updated : May 31, 2019 07:38 PM IST

Kotak Mahindra Asset Management Company on Friday said that Reserve Bank of India's (RBI) second bi-monthly monetary policy will be a key trigger for the market going forward.

In an interview to CNBC-TV18, Shibani Sircar Kurian, senior vice president and head of equity research, said, "The election uncertainty is out of the way and this is the time to focus on fundamentals. For the market, there are a few events which will it look closely. First is the RBI monetary policy and the second is budget. Third from a market perspective will be how the earnings season starts to unfold going into FY20."

"Our view for the market has been for a while that there is an opportunity on the broader market space specifically in the midcap segment, where there has been a severe correction over the last 18-24 months period. There are companies which are high growth high-quality companies from a bottom-up perspective, which are available at reasonable valuations and those are the companies that we are looking at," Kurian said.

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.
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