NIFTY 50

Market likely in a dead zone, says Sanjeev Prasad

Updated : March 24, 2018 06:24 AM IST

The challenge in the last 12-24 months has been that the good quality names continue to be expensive and haven’t really corrected, be it the names in spaces like consumer staples, discretionary or the private retail banks but what has become cheap are names that are not of great quality, said Sanjeev Prasad,  Managing Director & Co-Head, Kotak Institutional Equities.

"So the big question is what do you do in a market like this because the worse has not yet played out", said Prasad, adding that the macros haven't improved and the domestic political uncertainty has also increased.

Now, we have the global trade issues to further dampen market sentiment, he added.

“Doesn’t look like the worst case situation is factored in,” said Prasad, adding that we could be in a dead zone for now.

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

recommended for you