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We are trimming down cyclical names, adding consumer and utility names: Ashutosh Bhargava, Nippon India Mutual Fund

“Nippon India Mutual Fund has incrementally added positions in the power sector. So utility companies, some of the lenders which are specifically into that segment and we remain constructive on the equipment side and other than the generation side. We have the equipment side and the transmission companies.” ....

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Nifty is at record high, but more gains likely

The market s resilience seems to defy fundamental logic, revealing the potent role of investor sentiment and its capacity to trigger what some describe as ‘reflexivity’, a theory developed by billionaire investor George Soros ....

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