Market dips are a buy opportunity, not a concern: Varun Saboo
Varun Saboo
,
Anand Rathi Shares
.
Give us your sense on what you are making of the market? Today clearly that uptick we had seen yesterday was very short-lived and that joy has already been wiped off the street. But what are you making of the trading session for the of the week and in the short term as well, any chances of an up move from here given that we have once again seen a little bit of a consolidation today?
Varun Saboo:
Honestly, I can only say that I see these corrections as an opportunity to buy. One thing is clear, if you see that, I mean you are seeing peak of negative noise being there. Iran-Israel peak of noise is there, still you are not seeing crude react beyond a point, also our markets for that matter. I think that any correction of this sort is just giving an opportunity to add into a country which is the fastest growing in the world. The consumption pattern if you see has not shifted at all. We are still seeing a discretionary spends being at peak. Auto sales going very strong. Across whatever parameters we see, the economy is doing very well.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Elegant New Scooters For Seniors In 2024: The Prices May Surprise You
Mobility Scooter | Search Ads
Learn More
Undo
Fortunately, infra spend has also picked up for the last six months, particularly the government spends which we saw. We have had the boost from RBI which came in in terms of a solid rate cut and then we saw a very good CRR cut also, which helps to infuse a lot of liquidity into the system.
So, from all perspectives India is looking like a solid place to invest into. I do not see any reason why we need to be worried over here. Any corrections I would strongly suggest that one should be a buyer into these markets.
Live Events
Which sectors do you believe will participate the most and which sectors do you believe have that valuation comfort?
Varun Saboo:
See, one thing is clear that we are into a situation where consumption is going very strong, so your discretionary spend is where we are very bullish on. Secondly, we are very positive on any interest rate sensitive for that matter. We are clearly in a downward interest rate cycle. Despite everything inflation is remaining under control. I do not see any reason why we have to be worried on any front. The key ideas which I like currently would be one trend which is one of the best proxies to buy in terms of a strong spending pattern on the grassroot level.
I think rural is also picking up materially, so tier II, tier III is a place where you have to be in. Going to be very positive on DMart as well which has a solid asset base, the kind of stores that they have set up, the business model they have set up is brilliant, so that plays out to be very well as well. I have been speaking about Escorts being one of our key ideas. It is yet to play as in the theme, but I think Escorts is going to be the stock of the year in my view. So, these are key three picks which I would really vouch for over here.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Book excerpt: 'Sing, Dance, and Lead' by Hindol Sengupta
Book excerpt: 'Sing, Dance, and Lead' by Hindol Sengupta Prof. Dr. Hindol Sengupta is a celebrated historian, journalist, and author of 12 acclaimed books. A World Economic Forum young global leader, Dr. Sengupta, combines deep expertise in history, international relations, and economics. His work explores India's rise in the world and how it weaves together culture, politics, and spirituality with rare insight. In his latest book titled 'Sing, Dance, and Lead', Dr. Sengupta very carefully navigates and bridges the gap between the modern, ambitious society and age-old spiritual wisdom. He delivers a thought-provoking reflection on how spiritual values can and should shape modern leadership and decision-making. Dr. Sengupta urges his readers through this book to look at their personal and professional lives as offerings to the divine, drawing his inspiration from Srila Prabhupada, the founder of ISKCON, well known as the Hare Krishna movement, which became a respected global organization. This book will clear your mind, widen your horizons, and enable you to view leadership not merely as a role but as a responsibility rooted in service and empathy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How to Trade ETH/USD Without Holding Ether IC Markets Learn More Undo What makes 'Sing, Dance, and Lead' stand out is its insistence that embracing spiritual truth does not mean it will hinder our greatest ambitions but will enhance them. Dr. Sengupta's expertise in history, faith, and economics offers a fresh perspective on how individuals can thrive even without losing their faith in the supreme power above. Here's an excerpt from the book 'Sing, Dance, and Lead' by Prof. Dr. Hindol Sengupta, published with permission from Penguin Random House. Excerpts from the book 'Sing, Dance and Lead' Chapter - Hurry, Hari Bol! Book Author - Prof (Dr.) Hindol Sengupta We often view our lives less as experiences to cherish and more as careers to pursue, a ladder to climb. The role of this book is to help turn our gaze towards eternal things and to encourage every reader to think that there are greater elevations that await them. Like how the early disciples of Srila Prabhupada promised 'the high of Krishna' to the hippies of the flower power generation to wean them away from intoxicants and towards bhakti, this book urges an understanding of peace and the purpose of God realisation. It was written to break the illusion that any talk of incorporating spirituality into what we think of as our work life is esoteric, whimsical or even impractical. With each step and chapter, this book shows that there are deeper dimensions to many of the key principles that govern institutions, their building and management, and notions of success. It seeks to highlight that embracing the higher spiritual truth takes us closer to our greatest possible achievements and dreams, and not away from them. This is because anything that is done as an offering to the Divine taps into a higher purpose and calling. The success of such a task touched by grace could attain immeasurable heights. Simply put, God can take our plans to destinations and heights that we cannot imagine, and therefore offering our endeavours as service to Him is a resonant teaching of Srila Prabhupada. One of the ways we could create space for this recognition is to schedule reflective time—time spent chanting, offering obeisance to a Deity at home, or during a visit to a shrine or temple that appeals to us. It is important to note that perhaps, we live in the first period of history where we have, in many ways, cut away all space and time for anything spiritual or meditative. In earlier generations, people usually had space and time for a temple visit, a fast associated with some ritual or an altar at home. There was a palpable sense of understanding the role of God in our lives—an act that taught us humility and a deeper realization of our position vis-a-vis the Divine. The primary tool that this book offers is the understanding that leadership is a by-product of empathy and a definite sense of self-effacement. True leaders seldom put their needs above those of the organization or people who work under their instructions. Leadership, therefore, is about cultivating a rooted conviction of service, the ability to see goals and aspirations beyond limited personal milestones and work for targets that might subsume or negate personal achievement markers. Leadership is also about understanding and explaining the idea of purpose and a fundamental sense of honesty—what needs to be done must be done with the greatest integrity. The common understanding is that certain kind of ethical and moral frameworks given to us from the world of spirituality could be critical in the way we build institutions, including those related to business. Sociologist Max Weber spoke of the 'protestant work ethic' and how its virtues, such as, hard work, honesty, relentless focus and undistracted belief helped capitalism flourish. But Srila Prabhupada's teaching goes much deeper. He is not encouraging us to seek the Divine because of mere material benefits or financial success. According to Prabhupada, that would be limited and futile. He is instead urging us to have a much deeper comprehension of what life truly is and who grants us the grace to lead a fruitful life. Prabhupada teaches that the answer lies in our own understanding that the best kind of performance in any activity, not just a job, is when that activity is conducted and presented as an offering to the highest level possible—a tribute to the Divine.
Time of India
an hour ago
- Time of India
Horoscope Tomorrow, July 13, 2025: Your zodiac insights await
Aries You will begin to see the benefits of your new diet and exercise regimen. At work, if there's something you're passionate about, you'll need to advocate for it yourself—so be patient and strategic. Effective time management is crucial for those appearing in tests or competitions. A family member's initiative could prove valuable. Even if it causes discomfort, unity brings strength. Financial gains may also be on the horizon. Taurus Adopting a healthier lifestyle is likely to boost your well-being. Academically, you may be focused on regaining lost ground. Your self-confidence will grow as you take more control at work. Travel plans may be shaping up. Letting go of minor worries will help maintain mental peace. Today, you may feel like indulging in a bit of luxury. A property division will likely satisfy everyone involved. Gemini Your creative efforts could finally begin to pay off. However, without your involvement, renovation projects might stall. Exercise will help you get back in shape. Parental support will be strong and uplifting. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Be alert to coworkers who habitually postpone tasks. In academics, procrastination can be risky—so start taking action now. Cancer Sticking to your routine will help maintain good health. If you help someone today, the favor may return to you in unexpected ways. Financially, gains will start accumulating, improving your monetary situation. At home, create an ideal atmosphere for study to succeed academically. Family will respect your decisions. Travel lovers may embark on the trip of a lifetime. Legal matters may also turn out in your favor. Leo Incorporating healthy foods into your diet will be beneficial. A forthcoming real estate deal could bring solid gains. An exciting trip is likely. Academically, keeping your options open will serve you well. At work, if you play your cards right, success is within reach. Independent professionals can expect good earnings. You might find yourself busy organizing a celebration at home. Virgo A balanced diet will keep you strong and energized. Meeting someone influential today may positively impact your career. A profitable commission in a transaction could improve your financial standing. Effective preparation can help rebuild your academic confidence. Domestic life will be peaceful. If you're traveling north, luck may favor your aspirations. Libra Creative individuals will likely find success, with their work in high demand. Health remains excellent. Improvements at home will bring comfort. A journey with good company will turn into a delightful experience. Waiting just a bit longer could help you find better investment opportunities. With the stars aligned, it's a great day to follow through with your plans. Stay positive and focused in your studies. Scorpio Even if your workout routine feels uncomfortable, stay committed—it will pay off. A spontaneous family outing is on the cards. It's important to build goodwill, even with those who may not favor you. Steer clear of workplace controversies. Smart investments are likely to enhance your financial health. Property paperwork is expected to be completed soon. Sagittarius Your dedication to a healthy routine will keep your health in top shape. Financially, this is a good time to invest in high-yield opportunities. Avoid putting off work tasks, as this could lead to stress later. Your help will be greatly appreciated by someone today. Home renovation may begin, but be prepared for it to take up a lot of your time. If you're traveling long distances, an early start will ensure a smoother experience. Capricorn A nutritious diet and regular exercise will keep you fit. If you're aiming to make your mark professionally, speak up and make yourself heard. Business owners may consider expanding into new, profitable areas. A family reunion could bring joy and reconnection. You may also plan an adventure trip with friends. In academics, stay organized and set clear priorities to succeed. Aquarius Good health will help you stay upbeat and productive. Academic success depends on focused effort—start now to achieve your goals. A countryside getaway may offer the peace and reflection you need. Building a positive public image will benefit you personally and professionally. If you want a task completed quickly, take charge. Financial prospects look promising. A few of you may be traveling to meet someone special. Pisces Regular workouts will help you stay at peak fitness. If your academic performance has dipped, it's time to take corrective steps. A financial windfall could be headed your way. Business owners can expect a rise in profits. Peace at home will allow you to recharge. Those traveling far will enjoy an enriching and joyful experience. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Time of India
an hour ago
- Time of India
Critical minerals push: India to make rare earth magnets in Hyderabad; G Kishan Reddy says move to cut China reliance
India will begin domestic production of rare earth magnets in Hyderabad in a bid to reduce reliance on Chinese imports and strengthen its position in critical technology manufacturing, Union Coal and Mines minister G Kishan Reddy said on Saturday. Speaking to ANI, Reddy said the Centre has tasked the National Institute for Transforming Science and Materials (NFTSM), under the Ministry of Mines, with driving this initiative in partnership with industry players. 'The central government has decided to produce rare earth magnets in Hyderabad. Our Mining Ministry's NFTSM institute is working diligently, along with various industries, to manufacture the necessary machinery,' he said. Reddy added that a demonstration of India's indigenous capabilities in manufacturing permanent magnets would be ready within the next 3-4 months. 'This initiative involves collaboration between industry, mining, and other ministries, and has been discussed with Prime Minister Narendra Modi. The Central Government is working seriously towards the production of rare earth magnets,' he said. The move comes in response to China's decision earlier this year to restrict exports of certain rare earth materials. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dukung Orang Terkasih Menghadapi Limfoma: Mulai Di Sini Limfoma Pelajari Undo 'We were 100% dependent on China for rare earth permanent magnets, but recently China denied supplying to us,' the minister said. In April 2024, China imposed export controls on a list of rare earth-related items, triggering supply disruptions globally and prompting countries like India to fast-track domestic production plans. Industry bodies have welcomed the government's efforts. Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA), praised the initiative, particularly the incentives being considered to support magnet manufacturing. The push to develop rare earth capabilities falls under the broader Critical Mineral Mission announced by Finance Minister Nirmala Sitharaman in the 2024-25 Union Budget. In January 2025, the Cabinet approved the launch of the National Critical Mineral Mission (NCMM), with a budgeted expenditure of Rs 16,300 crore and an expected investment of Rs 18,000 crore by public sector undertakings. Rare earth magnets are key components in a range of high-tech applications including electric vehicles , mobile phones, wind turbines, and defence systems. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
