Gautam Sinha Roy from ICICI Prudential Life Insurance discusses the recent market corrections, noting that there are opportunities in individual stocks. The Covid period presented short-lasting sharp opportunities, with corrections more in smallcaps. The present corrections have not provided as good opportunities though one can look at the aviation and airport theme, PSU, utility sectors as well as the T&D space.
“One has to be in the private bank space going into next year because with continued political certainty, the re-leveraging of the economy will continue and capex will continue to be a theme. We would like to play that theme. The NIM correction will happen in a couple of quarters, maybe. And then natural growth, which is led by asset growth, will take over.”
The value of FII holding in stocks that are part of the BSE Midcap index increased by a sharp Rs 1.8 lakh crore sequentially in the quarter ended June, data analysed by ETMarkets showed.
However, this time around neither is inflation going to be a major cause of concern nor will it lead to sharp rate increases, according to Gautam Sinha Roy, executive vice president and fund manager - equity at ICICI Prudential Life Insurance Co.