Stock Market

Mkt has factored 25 bps rate cut; avoid metals: UTI MF

Swati Kulkarni, Executive Vice President and Fund Manager, UTI Mutual Fund, suggests a strong avoid call on metals, despite their decent valuations.

Swati Kulkarni, Executive Vice President and Fund Manager, UTI Mutual Fund says the market has already factored in a 25 basis points (bps), so the Nifty may not react far too much to it.


Speaking to CNBC-TV18, Kulkarni says the central bank has a good case for cutting rates owing to strong inflation data.


Meanwhile, she recommends investors to bet on cement, auto, auto ancillaries. However, she suggests a strong avoid call on metals, despite their decent valuations.


Transcript to follow soon.

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