Be stock specific and stick to quality: Kranthi Bathini

Indian equity benchmarks continued to trade in the negative zone in the afternoon session as the Sensex fell 87 points at 59,325, and the Nifty was trading lower by 29 points at 17,682. The market breadth is fairly positive with 1836 declining shares versus 1283 advancing stocks on the BSE. Broader markets on the other hand outperformed with the midcap and smallcap indices up around 0.5%. Kranthi Bathini of Wealthmills Securities spoke to Money9 on what should be the strategy investors must adopt in the current markets. "Markets have had a one way rally so far but these volatile signs may indicate some consolidation coming up. Even though the structure of the market broadly remains bullish, one needs to be very stock specific in the current markets and choose stocks with good quality fundamentals and management and see its fair value before investing", he said. Among specific stocks he is bullish on Indian Oil Corporation, ABB Power and believes Firberweb can be a good pick for investors at the current level.