- Indian equities fell for the second session, marking the worst Budget day in six years
- Investor Vijay Kedia sees buying opportunities in mid-cap and small-cap infrastructure stocks
- Kedia advises holding stocks for five to ten years, focusing on government policy impact
As Indian equities ended their volatile session in the red, extending its decline for the second session, marking the worst Budget day in six years, investor Vijay Kedia pointed towards a buying opportunity in the mid-cap and the small-cap segment with an emphasis on the infrastructure sector.
"I think there is certainly opportunity in the market. As I always say, 'Bull market is like sunshine, it is always there somewhere'," Kedia said in a conversation with NDTV Profit on Sunday.
The Union Budget 2026-27, was presented by Finance Minister Nirmala Sitharaman on Sunday, after which the NSE Nifty 50, ended 495.20 points or 1.96% lower at 24,825.45, posting its worst Budget day since 2020.
"Dil ke armaan aansuo mein beh gaye (The desires of my heart were swept away with my tears)," Kedia quipped, expressing the gloom that had set into the stock market with a reference to the famous song from the film 'Nikaah'.
Kedia identified buying opportunities with infrastructure stocks, especially those in the small-cap and mid-cap segment and recommended to buyers to hold their stocks for five to 10 years instead of one or two quarters.
"Don't forget, euphoria also converts into crisis and crisis also gives us opportunity to go up," Kedia stated.
His advice to stock traders was to monitor the government's policies on key sectors instead of paying attention to whether or not the stock market falls or rises. When asked about which stocks to pick, Kedia recommended the infrastructure stocks that logged the least decline in the day's trade. "If certain infra stocks are falling less in the market, that means they are outperforming, its simple arithmetic," Kedia said.
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Kedia stated that the Budget's focus on tourism and infrastructure made stocks in those sectors viable for investor focus, and stated that this move from the government seemed to indicated a focus on improving the employment situation in India.
"Employment is the biggest issue, this should really be solved. I think the government is ultimately working on that by reviving tourism and infrastructure. So I think there is some opportunity in the market. Let the index fall wherever it falls to. Ultimately you'll find some good opportunity," Kedia said.
When asked whether the market would recover on Monday, the investor stated that he does not see it happening, and it will take two to three days to consolidate.
"It will take time, don't think it will recover tomorrow, tomorrow the entire world will also open, Foreign Institutional Investors will come. I don't think there is any such clue in the budget which will restrict them to sell more. Market will be under pressure, it won't show a new low like it did three to four months back. But it will take two to three days to consolidate," Kedia said.
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