"We believe this is the beginning of a structural bull market," R Sreesankar, Head - Institutional Equities at Prabhudas Lilladher said.
R Sreesankar, Head - Institutional Equities at Prabhudas Lilladher expects the Nifty to break the 9,000 level in the next 18-24 months on hopes of economy recovery and earnings momentum.
He recommends investors to buy on dips and expand their portfolio.
Continuing his bullish tone, he adds that Indian equity market is ripe for a big bull rally if we see good governance from the new government.
Also Read: Deutsche Bank cuts Indian stocks to neutral
Below is the edited transcript of R Sreesankar's interview with CNBC-TV18's Ekta Batra and Anuj Singhal.
Anuj: What is the broader call on the market now, do you think this is the start of a new bull market which can take market much above the current levels or would you say that things have run-up too much ahead of fundamentals?
A: We believe this is the beginning of a structural bull market because new government's mandate should be effectively implemented in terms of policies, which will help grow the economy at a faster pace, so we should see newer highs for the markets going forward. In the next 18-24 months if this momentum is kept in or this confidence show by entire electorate translates into policies and results into economic growth then we are in for a great bull rally. At every point of time when it goes up, there will be profit booking. The dips should be seen as an opportunity to keep increasing portfolio.
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