Some of the money is now going towards large cap stocks. That will be the case for the next 3 months because of the upcoming events. The general election would bring volatility in the market, and during volatility, large caps inherently provide more margin of safety.
Investors are in a ‘wait-and-watch’ mode before buying Indian information technology stocks, as they look for more clarity on how the US economy and the US Fed’s interest rate cycle pans out, said Neeraj Chadawar, Head - Quantitative and Fundamental Research at Axis Securities. During a conversation with Moneycontrol, Chadawar also said there is sector rotation in the market with smallcap and midcap stocks seeing weaknesses, and large cap stocks expected to see inflows. Here are the edited excerpts: Also...