Will D-Street Maintain Outperformance? Sanjeev Prasad, Kotak Institutional Equities | Market News

Speaking to ET NOW, Sanjeev Prasad, MD & Co-Head, Kotak Institutional Equities says he doesn't think a lot of money can be made in FMCG companies and believes that commercial vehicle (CV) segment is in a better position in the auto industry as the cycle is just kicking in. Meanwhile, he has downgraded estimates consumption sector. HDFC & HDFC Bank both appear to be reasonably valued but he is surprised as to why the market has reacted to the HDFC-HDFC Bank merger announcement. He also expects net income of the Nifty-50 Index to rise due to banking, oil & gas & telecom sectors. Watch the full interview to find out about his market outlook.