Market Guru in talk with RJ Salil Acharya of Radio City: Create aggressive portfolio in Market; Buy Bajaj Finance and Bajaj Finserv

Anil Singhvi, Managing Editor, Zee Business, says, Nifty will provide a broader range of 1,000 points between 13,000 and 14,000 and it is a right time to create an aggressive portfolio in the market. During a candid radio chat with RJ Salil Acharya, Radio City, 91.1 FM, Mumbai, Mr Singhvi said investors can focus on NBFCs, especially Bajaj Finance and Bajaj Finserv as it can give a return of 8-10% quickly. 

Starting the radio chat, RJ Salil, said there were no ups and downs in the market for many days but it happened recently, which panicked people. But when we say buy on dips then some fundamentals are not visible and now the fear of Coronavirus is spreading again. Will it bring some changes in the market? To which Mr Singhvi replied by saying, the market has closed in red just two times in December till date. The actual problem is, even a day's fall can also upset us, but a day’s correction after lifetime highs for consecutive six days is not a big thing. Two-three things are good, so far, (i) Foreign Institutional Investors (FIIs) have continued their buying spree and a lot of dollars is coming to India, (ii) Global markets are stable, so there no matter of concern and (iii) Even Indian markets, Nifty and Sensex, have also not broken any important level so far that can create fear. Surely, a brake has been applied on the one-sided race that was taking place and the market is spending some time at and around these levels, it is consolidating, but the trend of bullishness is intact.

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To this, RJ Salil asked, do you think that the fear of Corona coming back in the world can have some immediate short-term impact due to which may cause a flight fall, not because of the fundamentals but because of fear? And, Mr Singhvi said, just as much as it happened a day before yesterday, 2-3 days ago, it fell and then climbed. See, if the virus is coming then its vaccine is also coming along with the virus. Interestingly, the vaccine making companies are saying that we will also make a vaccine to deal with this new type of vaccine mutation. So, you must not be scared a lot with it, at least when we have swallowed the elephant, then what to say about its tail. But yes, we all should be careful but there is no need to be afraid of the market. The wealth will not go anywhere, just stay healthy. 

Talking about the stocks, RJ Salil asked, do you think that such a correction has happened that makes you feel that some investment can be made, of course, it has rebounded a bit, but still, some corrections could be there. Mr Singhvi said, of course, and in this correction, there is an opinion to buy. The market will provide a broader range of 1000 points on Nifty between 13,000 and 14,000. Nifty will continue to move up and down in this range of 1000 points and in such a situation, there is a need to create a slightly aggressive portfolio. The portfolio should be aggressive when correction takes place in the market and lighten it when it goes up. I think, you should focus on the NBFCs, especially Bajaj Finance and Bajaj Finserv, These are the two stocks that can quickly provide a return of 8-10% in your portfolio. So buy them.