Economic data is stronger than what was expected, Dhiraj Agarwal, Co-Head Equities of Ambit Capital said in an interview to CNBC-TV18.

“The money pressure is far too strong at this point of time and this has also interspersed with positive news.

So two things which is clear and even the people who are cautious and bearish on the markets have to accept that some of the recent economic data is stronger than what most people were expecting and it is not likely to beat around anytime soon, because there is a favourable base effect, there is a favourable pent-up demand,” he said.

Agarwal expects global liquidity currents to remain strong because of “softish” policies by the US.

On portfolio composition, Agarwal said, “We would prefer to rotate portfolio a bit instead of chasing growth at any price. So a number of so called not loved or not liked or ignored stocks or companies where there is either growth rebound or some amount of turnaround is getting now priced in.”

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(Edited by : Santosh Nair)

First Published:Nov 25, 2020 11:53 AM IST