Vaibhav Sanghavi Co-CEO at Avendus Cap Alt Strategies said he is positive on consumer staples space.
Speaking on ITC he said, " We think that rural story is there to stay and there is huge amount of money flowing into the rural economy because of which you will see momentum in rural spending. Thus consumer staples is in our favourable sectors list."
Speaking on midcap space he said, "Let us understand what has happened in last 2-3 months as a result of both local and global conditions and because of which how the movement of index has been in the last 2-3 months, we have seen extremely skewed movements in the index whereas the broader market is underperforming massively.
"However given the variables which are turning around on the global side, including stability in currencies, lesser amount of trade war fears and China pumping in some amount of liquidity, we are seeing risks getting back on to the markets and because of which the above effect is pretty much getting in India as well wherein the risk assets are actually being bided up and that is why the broadening of the market rally we saw from 11000-11250 levels and because of which you are seeing that outperformance of midcaps and small caps. Having said that how much this will continue is just a matter of time because the moment we start seeing dollar strengthening again and rates starting to move up, we will start to see some amount of risk off as well continuing," 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.