Bull market | Bärenmarkt: Who knows whether it is a bull market or a bear market, but the time is right to start with the level: Nischhal Maheshwari

Nischhal Maheshwari, The market expert says that government policy is being supported at the moment, but we have a problem with regard to the global economy, the threats of tariffs and everything, but apparently apparently is pretty good. Will it decrease by another 1,000 points or 500 points? Maheshwari has no idea about it, but would he start nibbling on the market at these prices? It will be in the sectors that he basically sees when he comes in. It was thought that if the US markets were falling, we might fall a little less, we have already liked it so much, which clearly does not seem to be the case.
Nischhal Maheshwari: We are very close to the ground or that remains my thought. I am now constructive on the market. There are two or three things that I want to highlight. One obviously begins in January, we saw how the government on the economic front became very constructive. Regardless of whether it was the tax rate, whether it was the interest rate reductions or recently the expenses that we saw in December and January, the numbers have just come out of the government side.

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All of these three things are positive for the economy. On the other hand, the market has corrected around 10-12% and the shares dropped by 25 to 30% from above. So I say that this is a very good time in which it looks like this is a constructive time. You should go out and look for the shares that you always wanted to buy and maybe expand it to your portfolio.

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The question of which everyone asks is, where is the soil? Good to know that you will be constructive now, but help us to understand which sectors you have in mind at this time, because if you can talk about stocks is the best. If not, at least determine the sectors that look good for you.
Nischhal Maheshwari: After a long time, the banking looked interesting. It has been below average in the past four or five years. But if we really look at it, even this autumn -Nifty bank is not below or hit a new low. It stays by itself. But what really happened is that the government has become constructive on the banking side, so that interest rates are reduced first, then almost one billion dollars or one and a half billion dollars are injected, and they have also reduced the risk weight.

It is very clear that the government has noticed that they have wanted to control liquidity for five years, and now it is a time to let go so that the economy is doing well again. This is a very constructive phase. Banking is a sector that you should see. The consumer is different. We started to see some first signs of recovery on a rural side when we talk to many companies. The country now seems to revive the intervention and the good monsoon of the government. So the consumption looks good.

There are certain other sectors that have not really beaten well over a certain period of time. Chemical seems to be one of them where I would go out and look for searching for. So these are three or four sectors that I would look at constructively.

If you talk about consumption when you can determine one of the topics that look attractive for you, because if I see some of these jewelry stocks, do not hold up, some of these career generations, at least for today you are definitely in the back, and for some time stocks such as Tata engines are hammered. Do you help us understand where you can find opportunities?
Nischhal Maheshwari: One of the sectors I would pay attention to is the FMCG, since the rural company is largely the first influence on the FMCG page. Shares have corrected, almost all of them, and as soon as the recovery begins on the rural side, you will see how consumption comes back to the rural side.

In discretionary consumption, we have to see what the effects of this installment reduction will have. I have started to see that in addition to the interest in the interest rate, the income tax reduction, which brings a lot of money into the hands of the upper middle class and the middle class, and should advance discretionary purchases, but we may see it a quarter later. But what we see at the moment is the rural side and that should help the FMCG company. In the consumption basket, I would actually concentrate on FMCG at the moment.

You have just spoken about security in banks. That seems to be a consensus, but consensus does not really make money. In view of the fact that a large part of the market looks pretty attractive at the moment, the ratings are quite well fired. In addition to chemicals, you can find the opportunity for a better generation of alpha within mid and small caps?
Nischhal Maheshwari: We should stick to the sectors we are talking about and where you will find the comfort in which you should go on the way. So you don't necessarily want to watch a middle or a small cap, but if the middle and the small caps are corrected enough and you feel comfortable in terms of the evaluation, you can also look at the middle and the small caps in these sectors.

As far as banking business is concerned, the entire sector seems to be very interesting. And although I do not understand technical data, they have not performed from the technical side in the past four five years, so that they seem to be in a good position.

Do you think this is a structural reversal or whether we still have an intact bull market, and yes, it is a deep correction that was also part of a historical bull market?
Nischhal Maheshwari: To be honest, I do not understand technical data and cannot say whether it was a bull market or a bear market. I just tried to say that they become more constructive in these reviews on the market. The biggest concern was on the rating page, I think that was a good correction.

Government policy is currently supporting. Yes, we have a problem in terms of the global economy, the tariffs and everything, but apparently apparently seemingly good. Will there be another 1,000 points or 500 points lower? I have no idea about it. But would I start nibbling on the market at these prices? In any case and these are the sectors I said that I think the support came.