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All eyes skywards; rains to benefit consumer durables

Date 20-Jun-2016
Subject All eyes skywards; rains to benefit consumer durables

Speaking to CNBC-TV18, Ajay Bodke of Prabhudas Lilladher said monsoon will hold the key to how the markets play out. 

"There has been a 25 percent deficiency in the expected rainfall so far." 

On Raghram Rajan's exit he said as long as the Reserve Bank of India chooses someone who is independent-minded, the markets should be able to take the news in their stride. 

But Bodke believes the steel sector will benefit if the minimum import prices get extended. 

Regarding the HDFC and Max Life merger, news of which broke last week, Bodke believes both have the best franchises and practices in the industry. 

All eyes are skywards, he said, adding that the auto, consumer durables will benefit on a good monsoon.

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