Don’t see a big jolt or correction for markets yet: Kranthi Bathini

Benchmark equity indices on BSE and NSE erased early gains and were trading over 0.5% lower in the early afternoon deals on Thursday weighed by market heavyweight Reliance Industries (RIL) and information technology (IT) stocks. While the Sensex was down over 500 points (0.81%), the Nifty 50 was hovering at around 18,150.  Kranthi Bathini of WealthMills Securities spoke to Money9 on what to expect from markets going forward. "Markets are still in the bull run, will continue to run in another orbit after a slight pause. I don't think investors will have to face a big jolt in terms of a correction, however investors must only stick to quality and fundamental stocks and get out of stocks", he said. On some of his recommended stocks like IOC and Rain Industries which have given sharp returns over the last six months he believes, one can still hold IOC at these levels and book partial profits in Rain Industries Stock Recommendations Federal Bank | Buy | Upside Target: 25% | Duration: 1 year