Deven Choksey sees buying opportunities in corrected stocks like Reliance and NBFCs. He advises caution with defense stocks, citing high valuations. Choksey suggests waiting for lower prices before investing in defense companies. He notes the potential of Jio Financial Services but awaits concrete business activity. Choksey expresses concern about elevated valuations in the quick commerce sector, recommending a cautious approach.
Trade tensions, not BRICS, are the bigger threat to global stability: Geoff Dennis
Geoff Dennis, an Independent EM Commentator, dismisses the notion of BRICS posing a currency threat to the US, despite China’s desire for a stronger RMB.