Equity benchmarks remained marginally lower with the Nifty struggling below 8100 level, weighed by technology, FMCG and banks stocks.
Market in the short-term can go lower than what we expected earlier as a result of the demonetisation drive along with global factors but the medium to long term view still remains positive, says Vibhav Kapoor, Director, IL&FS.
However, he cautions that although it is tempting to buy at lower levels one must buy in smaller quantities and not chase the market. Then buy more on dips, he suggests. “Look at good quality companies,” says Kapoor in an interview to CNBC-TV18.
He is surprised by the fact that RBI did not cut rates immediately but expects a 50-100 bps cut from the Central Bank in coming days.
