'Ride The Storm, Better Days May Be Just Round The Corner': Sanjiv Bhasin, IIFL
227Ajaya Sharma of ETNow spoke with Sanjiv Bhasin of IIFL Securities to understand what should investors do in the current market correction. Mr Bhasin believes India is in a very sweet spot. He highlights bull market corrections are painful. He is bullish on IT, banks and infrastructure. Mr Bhasin believes this is the most opportune time to build a portfolio. He sees 10% upside from here in the next 15 days. As far as Q4 earnings are concerned, he says, earnings have been robust. There has been no major disappointment. He believes PLI incentive is a boon for boosting manufacturing and industries in India. Markets have turned extremely bearish. US is under extreme pessimism, he says. He reiterates that rupee weakness makes IT a very strong contender for outperforming in the short to near term.
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