ETMarkets Smart Talk: This Warren Buffett fan sees manufacturing and financial services leading next leg of rally
"FIIs have done some net buying in July-August and the reasons are two-fold. The corrected valuations towards the end of June provided an attractive risk-reward trade-off for them. Some moderation in the inflation print towards the end of July and thus lesser probability of aggressive rate hikes. The long-term growth outlook continues to remain intact."