Mkts may see more correction: Reliance Money
Sudip Bandyopadhyay, Director and CEO, Reliance Money said the markets had too much expectation from the budget, which were quite unrealistic and so were not fulfilled. “I don’t think the government was supposed to announce any major foreign direct investment (FDI) inflows into the country through the budget document, nor was it possible to announce large-scale PSU disinvestment through the budget document,” he added.
He further said, yesterday’s fall could be looked as a buying opportunity. According to him, markets were still a little expensive and there could be more corrections in the markets. “I think any long-term investor should look at it as a buying opportunity, pick up the sector, pick up the stock and invest for the long-term,” he added
Commenting on different sectors, he said, “I think consumer durable, consumer non-durable companies will benefit very clearly. Infrastructure and education are sectors that will benefit as well.