• SENSEX
    NIFTY 50
VIDEOS
Market

Tax reforms, privatisation initiatives boost Nifty after a period of consolidation, says Envision Capital

Updated : November 06, 2019 03:04 PM IST

It is heartening to see the Nifty scale back to the levels it had shot to in July after a period of consolidation, Envision Capital MD and CEO Nilesh Shah told CNBC-TV18.

“I think it is clearly the government’s tax reforms as well as the initiatives on privatisation which essentially have acted as a booster dose, but going forward, I think it would essentially be a more aggressive stance on privatisation,” he said.

In terms of sectors, Shah says essentially it is going to be the consumer and the financials which are going to be the mainstay of the Indian public markets platform.

“The reality is that the markets essentially are slaves of growth and therefore the pockets which are demonstrating growth, which are very consistent and are getting driven by the broad India opportunity, those are the spaces and those are the pockets, which will continue to outperform,” he observed.

Shah noted that the market is in no mood to lift the underperformers as it wants growth and capital efficiency. Some of the beaten down sectors are still showing no promise of growth or capital efficiency. I still believe that it is going to be quality, it is going to be growth, it is going to be capital efficiency, which will continue to drive markets going forward,” he stated.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
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