Pankaj Murarka, Founder,
Renaissance Investment Managers. Murarka is likely to add positions in capital goods and engineering as well as renewable energy stocks.
What are you making of the market temperament? At the index level, could we be in for some consolidation while the sectoral rotation continues?
We are in a classical bull market where after every move, the market spends a few months or weeks in sideways consolidation and within that, we have a very nice sector rotation and the good thing about the Indian market or Indian economy is that we have a very broad-based economy. There are very few markets where all the 15 sectors represent the market. As a result, sectoral rotation just plays out very beautifully amongst different sectors. If markets consolidate around these levels after the ferocious move seen over the last one year, it will be very healthy for the future course of this bull market.