Mkts this Diwali: Experts' views on stocks/sectors

Published on Thu, Sep 23, 2010 at 19:04   |  Updated at Thu, Sep 23, 2010 at 22:17  |  Source :
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An experts poll conducted by CNBC-TV18 to ascertain whether the stock markets will hit new highs before Diwali has thrown up some very interesting views on stocks, sector outlook, FIIs flow and about flooded IPOs.
Index: Major experts believes benchmark indices would rise to new highs before Diwali.
Mkts this Diwali: Experts' views on stocks/sectors
Stocks Picks: Talking about the laggards that they would prefer to buy now, N Jayakumar, President, Prime Securities and Kirti Doshi, MD, Antique Stock Broking picked Tata Steel and Reliance Infrastructure. They told CNBC-TV18 that they would go with the said stocks.
While, Nilesh Shah, Deputy MD, ICICI Prudential AMC liked Bharti, NTPC and Reliance IndustriesRaamdeo Agrawal, co-founder and director of Motilal Oswal said he would like to buy Bharti Airtel and Tata Steel at current levels.
On sectors: A few of them said that there was hype in the consumption stories and indicated that in their opinion FMCG, auto, bank stocks were expensive, they declined to call it a bubble.
FIIs flows: Expert believes that FII inflows would not sustain at current levels, and dollar inflows may see a dip soon.
IPOs: Speaking on the government's disinvestment drive, specifically the Coal India IPO, 83% say the issue will soak up liquidity from the secondary markets.