Amid an erosion in the markets and several pockets seeing sharp corrections, investors should keep low expectations this year as it is expected to be a stock pickers’ market, according to Vikas Khemani, founder of Carnelian Asset Advisors.
There has been a slowdown in earnings that has brought a squeeze in the liquidity as well, said Khemani, who expects a pickup in the markets in the second half of the year. He anticipates more time correction over value correction in the next couple of months.
“The small and mid caps have corrected more than broader markets. This is a good and healthy consolidation,” he told NDTV Profit. “I believe 80–90% of the damage is done and don’t see major downside from here.”
As various sectors stand at different junctures, here is Khemani’s take on banking, information technology, real estate and consumption.
