EXCLUSIVE: Start investing in large-cap stocks, Invest in IT, Auto, Capital Goods, and Private Bank stocks says the market expert

Zee Business EXCLUSIVE: Vikram Kotak, co-founder and Managing Director of Ace Lansdowne Investment in conversation with Zee Business Executive Anil Singhvi guided the viewers about the direction that the stock markets are likely to take.

Last year during Diwali, the market was freaky, stock valuations were high and global liquidity was shrinking. But now the correction has begun in terms of time and price. Though Russia -Ukraine conflict has broadened the risk. Impressively, India is in a position where its currency, local economy, and government are strong in comparison to Europe, Japan, and all the emerging markets, said Vikram.

Buyers should commence to build up a long-term portfolio by investing in large caps. Whereas, the buyers should be patient before investing in mid-caps where the valuation is still high and the market factors are volatile. However, in a month or two the market will open up more options to invest for its buyers, claimed the market expert.

He added further that inflation needs timely actions where the central bank lacks. Besides crude oil, all the commodity exchange has shown a 10-50% correction. This is indeed a Good sign for inflation.

Moreover, there won't be any recession in the global market. Only weak economies like Europe, and Japan will suffer from it. Countries like India, USA, and Mexico will have a stable market, analysed Vikram.

In India, many stock prices have dipped by 40-70%. So this time the buyers should invest keeping in mind the good valuation and management, ignoring the short-term negative factors.

Most currencies worldwide are depreciating in comparison to the US dollar but the Indian rupee progressively performing well. Furthermore, the UK pound dipped by 14% in one year and the Japanese yen by 25% in front of the US Dollar. But India's currency only fell by 6%. Splendidly, India for the first time outperformed other currencies in the global market. We are now in the top 5 strong currencies in the world, said the expert.

With the Production-Linked Incentive (PLI) scheme of the Indian government covering various sectors, the capital goods cycle of India is drastically improving. That shows a good sign to invest in the IT sector, Automobile sector, Capital Goods, and Private Bank stocks, recommended the expert Vikram.

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