Markets are buoyant, buy exchange stocks BSE, MCX and IEX: Rajesh Agarwal

Domestic stock market benchmarks Sensex and Nifty turned positive on Monday. While the Sensex hit an all-time high at 60,476, the Nifty climbed the crucial 18,000 level for the first time. Rajesh Agarwal of AUM Capital spoke to Money9 on what to expect from markets going forward and where to bet for profitable investments at record high markets.

“Well the Sensex has become senior citizen and nifty crossing adulthood today, so I would say the festival started earlier this year. There are expectations of better quarterly numbers going forward. As far as October is concerned, we believe that Nifty will be hovering between 17,000 to 18,500. The undertone of markets is quite bullish and any corrections should be taken as an opportunity to get into good stocks”, he said.

He is also bullish on exchange stocks like IEX, MCX and BSE and believes one can focus on these stocks for long term.

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