Dipan Mehta, Director at Elixir Equities, discussed market valuations and the lack of corrections since COVID. He advised caution in banking and auto sectors due to stagnation and potential cyclical downturns. Mehta is optimistic about long-term prospects, particularly in industries like smart meters, but is currently holding cash for strategic investments during corrections.
How to trade eClerx, Piramal Pharma, Deepak Fertilizer in next session
Indian market closed in the green for the second consecutive day in a row on Wednesday tracking positive global cues. The BSE Sensex index rose