Ajay Srivastava, CEO of Dimensions Corporate Finance Services, spoke to CNBC-TV18 about the current trends in stocks markets and outlook on specific stocks.

“I think we will just stay around this level (11,430 on the Nifty) 100-200 points for some time and you will see a good day and a bad day etc but the key issue is that we are grappling with is that the US market is doing extremely well. The economy is so surging, it is strong. When you see the US, you feel like it is not a 3 percent growth, it is a 9 percent growth economy. We are a 8 percent which feels like a 2 percent growth economy. So I think emerging markets have a bigger problem in not their valuation but the way US is growing, I think it is incredible story out there,” said Srivastava.

“Indian investors are today investing quite heavily in the overseas market and to that extent, they can diversify their holding at this point of time but keeping the Indian market, I think the story remains the same is the largecap. We are on the threshold of the festival season, so I think you hold on to see how the festival season goes. This is the best season of the year. If things do well in these three months, we are okay. If it doesn’t do well, we have got a bigger problem on our hands going into next year and the elections,” he added.

“This is not the time to be adding on to your positions. I think if you are going to invest more money, I would still say diversify your portfolio into the US market. That would be the right strategy to do because that is the economy which is surging in the world, that is where you got to be, there is no point of adding up to your holdings in India because by and large we are all fairly invested in most stocks. You can add a few here or there but substantial change in holding, I don’t think is warranted at this stage,” said Srivastava.

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