Crude Is The Key: Dinshaw Irani Stays In Cash, Cuts Banks And Hunts For Fintech Winners

Dinshaw Irani of Helios Capital said negative news has worsened market sentiment, with emerging markets likely to be the last choice for FPIs. He remains selective on stocks, is carrying some cash and is in no rush to deploy, while staying bullish on new-age companies. Speaking to NDTV Profit, Irani said he has cut exposure to banks and plans to reduce it further, favouring fintech and consumer-facing BFSI counters. He expects markets to turn bullish once crude prices fall, but said investors should await greater clarity before deploying capital aggressively.