GAAR to hit market sentiment; pick largecaps, FMCG
On our show Tips for Tomorrow, Vivek Mahajan, Head- Research, Aditya Birla Money and Sudip Bandyopadhyay, MD & CEO, Destimoney Securities, discuss the market performance of the day. Mahajan expects markets to trade with a negative bias as FIIs may sell-off over the fears of implementation of General Anti-avoidance Rule or GAAR. He suggests investors to buy on dips. Bandyopadhyay sees the Nifty going to 5000 levels. "Expect more downside pressure," he said.
