Capex is happening across sectors but will intensify once external issues ease: Abakkus Asset's Sunil Singhania
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sunil Singhania of Abakkus Asset Manager said that India’s mid-cap and small-cap stocks represent the future.
- ✓While the Nifty 50 index might struggle to generate high growth, these smaller segments show better potential.
- ✓Currently, global uncertainty from the West Asia conflict and rising oil prices remain key challenges for markets.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Livemint
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
While the Nifty 50 is trading slightly below its 10-year average valuation, its composition still reflects the India of the past, with significant weightage to sectors such as IT services, consumer staples, oil & gas, and banking, said Sunil Singhania, chairman and managing director at Abakkus Asset Manager Pvt. Ltd. So, the index can deliver decent returns, broadly in line with India’s normal gross domestic product (GDP) growth, but may struggle to generate very high growth, he added.
On the contrary, mid-caps and small-caps will represent India's future, so growth will be higher, he added.
Edited excerpts:
Q 1) Globally, bond yields are rising, and there is some fear about outflows. What is your take on the market at this point?
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