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Gurmeet Chadha on how to play in contrarian bets in IT, chemicals & NBFCs
“There is some lack of opportunity in small and midcaps. A more balanced approach is needed. I made this point two months back also. Today, the 10-year bond in India has gone down from 730 to 715 since the Fed pivoted. We will see multiple rate cuts next year. The Fed is indicating three rate cuts, which means the bond yields will come off anywhere between 50 to 100 basis points.”