Jyotivardhan Jaipuria, founder and managing director of Valentis Advisors, said that the company is overweight on the capital goods sector.
“We like stocks which are in the capital good space so we are overweight on that sector,” said Jaipuria.
Speaking about market, he said, “Market has had a great rally, so ideally it would be good if it consolidates rather than trying to go up because we have an event in May and it is good to go into the event with some margin for error because if market keeps going up, the margin for error reduces and if we get an event which is not in line with the market, then the reaction tends to be quite sharp.”
He further added, “The two things which will drive the market - one is elections and that is where the immediate focus has been and that probably explains a lot of the double-digit rally we have seen in the last month and the other is going to be on probably the US-China trade war because so far the expectation was that it is going well and that will get resolved very peacefully but over the last one week we have started to see conflicting tones coming over there also.”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.