In chat with Anil Singhvi, Helios India CIO Dinshaw Irani says we are in bull market

Amid a rise in number of Covid-19 cases across the country, Indian stock market has been witnessing volatile behaviour in recent days. Zee Business Managing Editor Anil Singhvi spoke to Helios India CIO Dinshaw Irani and asked his opinion of what he thinks of the recent corrections. The Market Guru asked Irani what investors should do, how do they go about regular investment and trading in such a market.  

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Talking about corrections, Helios India CIO said, "We are in a bull market. These corrections are healthy. Also, we are more prepared this time. The market is not reacting as sharply as it did the last year when we were totally caught off guard by this virus. "

"We had already said Q4 results will surprise everyone on the upside," said Dinshaw when asked about good result posted by most of the companies . "Compared to last March quarter, certain sectors like auto, consumers and banking will perform much better in March 2021. However, April to June quarter will face the heat of sudden spike in Covid-19 and commodity prices which have been on the upside may also reverse. April to June quarter has to be seen and understood on quarter-on-quarter basis rather than Year-on-Year, as June quarter was totally washed off last year. In the long-run, it will stabilise and come to normal," he added.

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NBFCs may face little stress in certain pockets but overall sector will remain largely unaffected.  

Helios India CIO also suggested investors to stay with pharma, FMCG, metals and IT stocks.