“Coming to the insurance sector, the first rally – the first wave took them from the lows of 2020 to the top of 2021-22. And from there, they gave back a lot of those gains, to the recent low that we have seen. Now we have started to pick up again. So this is the third wave and insurance stocks will go past the highs that we saw in 2022.”

​Just in the last three months, they have pumped back some 35-40 thousand crores, less than 10% of what the outflow was and we are already at lifetime highs.

​We should be able to build on these gains which we have seen in the last few months or so and typically I think we are moving out of a very narrow range after almost six months.

​So, as such also there is so much liquidity chasing stocks. These stocks had some value after the correction they had seen and that is what you have seen. I do not see any reason for these to come off sharply. From here, they should kind of be market performers.

The merger between ZEE and Sony will go ahead regardless of CEO Punit Goenka's position, as it will benefit 96% of the company's shareholders. Sony remains committed to the December 2023 contractual deadline, though a September merger had been previously proposed. The companies are currently at an advanced stage of integration, but regulations and non-compete agreements remain obstacles. The merger promises revenue benefitting from minimal overlap in viewership between the two networks and ZEE's mass appeal paired with Sony's premium and metro-centric network. Cost synergies will be gained from merging back ends of the digital sides and cross-marketing content.

​So, ETFs are not buying, jewellery demand is low but then too gold prices are not going down. The reason for that is the central banks; some or the other central banks are turning up and buying gold. Historically, we have seen central banks were not holding gold but right now the options for them are very limited to diversify their foreign exchange reserve.

Asset allocation in terms of diversification does not necessarily mean that you need to be diversified when you are investing in equities. By diversification what we mean is that you need to have a very good portfolio in terms of investing in equities, bonds, mutual funds, index funds and even gold.

Advisory, they will not take from the platform, that is because execution only platforms will be available. So, from 1st September, once these are operational definitely it will be mentioned there and when we are talking about the stockbroker's platform, then definitely like the Zerodha or some other entities they will have this kind of platform.

“When we say that we are in a bull market and if we probably resumed that phase now from the lows of March, then what we are really seeing is a very broad-based advance in the market where every sector ends up participating. One cannot say that when FMCG goes down, auto goes up. But from a long-term perspective, sectors like FMCG will at least underperform.”