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Bullish on Telecom, Positive Sectoral trends in terms of Data Consumption: Abhishek Basumallick

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14 SEPTEMBER 2021 03:03 IST | ENGLISH | MONEY & FINANCES | GENERAL AUDIENCE
Nifty is riding above 17,400 mark. Boarder markets back in game. Abhishek Basumallick, Chief Equity Advisor, Intel sense Capital joins ET NOW to help us understand key areas he is betting on. Telecom is a sector where bulk of market share is contributed by Bharati Airtel and Reliance. He remains bullish on the back of positive sectoral trends in terms of data consumption. ”It is very crucial sector for the country and we need to perform well” says Abhishek Basumallick. Furthermore, he believes chemical in a sweet spot. “Today chemical space is at a place where IT was in early 2000’s depicting a long structural story to play out” says Abhishek Basumallick. Banking and financials another space he is betting on. He believes huge disruption in fintech has pushed traditional banks to upgrade their system.
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