Sanjiv Bhasin says I "there is a lot of froth on the markets including the domestic market." He discusses market trends, advising caution and specific investments. He further highlights the impact of China on metals, Zomato s market performance, as well as InterGlobe s dominance despite competitor challenges, recommending strategic investment approaches.
Top Gainers and Losers Today : The Sensex lost 793.25 points, or -1.06, to settle at 75038.15, while the Nifty lost 234.4 points, or -1.03, to close at 22753.8.
IBREL recently raised more than Rs 3,911 crore through a preferential allotment to a diverse group of investors, including Embassy Group and Blackstone. Embassy Group will be the largest shareholder in IBREL, with 18.7% ownership on a fully diluted basis.
Sanjiv Bhasin advises on market shifts, recommending moves from auto, metals to banks, specialty chemicals. He predicts a Sensex surge to 100,000, after 12-18 months but expects market to touch 85,000 by year end. Bhasin further urges caution due to rising inflation and fully priced earnings and says one should always keep some cash in hand in case of a correction.