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Wait for Voltas to consolidate; VIP Industries could be a turnaround play: Sandip Sabharwal
Sandip Sabharwal doesn't anticipate big bang announcements in the interim budget, but expects statements of intent regarding taxes. The fiscal deficit figures till December look strong, giving the government leverage for social spending and capex. The increase in demat accounts indicates a long-term bullish stance, driven by IPOs and sustained market performance. The market construct is puzzling, with largecaps and smallcaps moving in different directions. Sandip expects consolidation and correction globally, leading to a correction in India.