Market rally based on hope of positive political change: Hemindra Hazari of Nirmal Bang
Investors have been chasing high beta and selling IT stocks in the recent rally, says Hemindra Hazari head of research at Nirmal Bang Institutional Equities. He believes that the market rally has little underlying fundamental support and is mostly based on hope of positive political change. He remains positive overall but says one should be cautious about chasing popular/high beta stocks for now.
