Market Guru in talk with RJ Salil Acharya of Radio City: People can invest in ICICI Bank and Kotak Mahindra Bank

Anil Singhvi, Managing Editor, Zee Business, says, 13,200-13,800 on Nifty is the range where people will get an opportunity to invest in the market. During a candid radio chat with RJ Salil Acharya, Radio City, 91.1 FM, Mumbai, Mr Singhvi said banking and NBFC sectors have corrected a lot due to the fear of CORONA. So, investors can invest in ICICI Bank and Mahindra Bank, for the short term.

Starting the radio chat, RJ Salil said there are emotions that people had not shown last year and didn't put their money in the market. But, now, there is a fear of missing out. There is a feeling that whether the situation will be the same this time, so let’s put the money directly with the hope that they will get returns of around 60-70% this time, as well. Am I right? To which Mr Singhvi said, not so much, but yes, money will be made by investing money in this fall, this is certain. The good thing is that we have learnt something from 2020, the year. In the year 2020, when the problem came, it was not known how big it would be, how long it would last and how and when the solution would be received.

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But now, the answers to those questions are available. So, what you have to do is that you have to protect yourself health-wise for a month or two, wealth will be made of its own. The market is providing a golden opportunity to those, who have money and are not invested yet or still have cash. I feel, after a correction, when the Nifty will come in the 13,200-13,800 range then there will be a good opportunity to invest money. We can expect that the flashback of 2020 is not seen this time, but you can see some glimpse and corrections, what people are waiting for, and that will be an opportunity for you to enter the market. 

In his next question, RJ Salil asked, a thought is running in the mind that as CORONA has to be here for many years so people should recklessly put their money in pharma stocks like Dr Reddy’s or something else. Even last year I suggested to people, it is not necessary that just because the disease is spreading, so only these stocks will run. So, people must not recklessly, right? Mr Singhvi said, if you have a short term view then it is perfectly fine because there is a good trend of bullishness in pharma, FMCG and I shares. But if you have a long term view then you know that no disease has yet been permanent in the world, so how the CORONA be and that is the matter of fact. But the thing is if not this then something else. So, from the aspect of valuations, pharma shares are trading expensively but in short term, till there is a fear of Corona, pharma shares will perform. But if you are have to invest for the long term; I think metal, cement and IT are the three sectors, where you should invest your money. 

Continuing the chat further, RJ Salil said you have said that we can put our money in metal, cement and IT sectors, can you suggest few names for the purpose? Mr Singhvi said, because you ask it week-on-week, so the banking sectors that have fallen a lot – the most weakness due to the dear of CORONA has been seen in banking and NBFC shares – and I would name two of the best banks at present and they are ICICI Bank and Kotak Mahindra Bank. This is a time when you should focus on big stocks and those big stocks which have corrected/ fallen a lot with the mood of the market. So, from a short-term view, these two stocks should be on your radar.