On portfolio construct in terms of the market cap, we have been most overweight on midcaps in the last couple of years. We would be significantly overweight on midcaps followed by largecaps, followed by smallcaps Midcaps over three years, five years and 10 years have significantly outperformed both largecaps and smallcaps.”

“For internal multimodal connectivity, we wanted to bring down the logistic cost and increase logistic efficiency. The National Master Plan addresses the infrastructure issue. It was launched last year. It has already started doing extremely well. To complement that, because the infrastructure is there, systems, processes and skilled manpower are needed and to address these issues, the policy has been launched.”

“One still needs to be wary about technology companies. Indian companies are good, cash rich and with high dividend yield. All those things are there but if we enter into a scenario where instead of earnings growth, there is going to be earnings decline, then we need to be ready for the valuations. I would still think that there are downsides in these companies.”

“In a world where countries and regions are fighting to ensure that they go into a recession, we in India are talking about whether our growth rate will be 7% or 7.5%. Global investors are seeing that if there is one place or a few places where they can have less worries, India stands out. Optimism from both domestic as well as global investors has led to a big divergence in the last one, one and a months.”

“The tone of the delivery, the statements and the subsequent press meeting will be very important but my sense is that whether it is 75 or 100 bps, they are not going to come out and say that the world is in a terrible shape. Probably we are going to get a bit of a rally after the meeting.”

“The up moves provide an excellent opportunity for retail investors to book out Ambuja-ACC. I do not think these valuations are sustainable and neither are the valuations of other cement companies, We utilised the rally to exit our position in India Cement. Sp, this is providing a good exit to retail investors. They should not just chase the price.”

"Power stocks continued its uptrend this week too on the recent Govt. decision to extend the deadline by 2 years for the implementation of Flue Gas Desulphurisation (FGD) equipment norms in various categories of power plants. Steel stocks too appear to have been buoyed by the potential removal of recently imposed export duty."

"Nifty has closed just near to 17,500 and upward sloping trendline from the low of June 2022. If it manages to hold Friday's low of 17,497, then bounce back to a semi-annual-pivot level of 17,782 is possible. On the other hand, if it breaks Friday's low then it will move towards 17,177-16,950 levels."

“The festive season has started really strongly, we have seen the management commentaries talking about strong pent-up demand. Our preferred play for the festive season would be through the retail where we like the Trent and ABFRL; through QSR where we like Jubilant Food Work, Devyani International and finally the hotels, where we like Indian Hotels and Lemon Tree.”