With government delivering 18 months’ work in the next one year, there will be opportunity to make money in IT and also the entire agri, rural, infra space, says Nilesh Shah , MD, Kotak AMC . Meanwhile, in movie parlance, the market remains “in liquid oxygen” state. Oxygen will not allow it to die, liquid will not allow it to live. The top-down concerns will keep upside of the market checked. The bottom-up support will continue to support the market.
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Has the storm come and gone? The Dow is less than 3% away from an all-time high! Who would have thought that first the selling would be acute and then the comeback surprisingly strong?
Definitely. The large-cap valuation premium over the 10-year historical average was about 10% somewhere in mid-January 2018.
