Several states are going for elections, which will culminate in the General Elections 2019 scheduled for April-May 2019. After more than 10% correction in the Nifty, many large caps have come in the 'Buy' zone and risk-reward ratio of large caps has improved and become favourable. The downside in Nifty or large caps could be in single digits from here on whereas the potential upside could be in double digit. Within this setup, we believe stocks/sectors linked to rural India should do relatively better." Mookim added that sectors exposed to rural India (two-wheelers, cement, staples) should do relatively better.

Source: dna April 01, 2018 23:37 UTC