Opposing Action By FII’s and DII’s Would Ensure Market Sanity

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Published at : 08 Dec 2020
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The Nifty has built on the double digit return in November and surged another 3 percent during the month so far. The recent rally in the market is backed by fundamentals and liquidity said Manish Gunwani, CIO – Equity, Nippon India Mutual Fund. He believes value stocks could outperform going forward as long as the low interest rate scenario persists and that many midcap stocks are trading at cheap/attractive valuation. From the large cap space, he prefers IT over pharma. From an industry point of view, he believes opposing action by domestic and foreign investors is in the benefit of the market. Catch the entire interaction with ET Now here.

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