It's a stock-pickers mkt; recovery to peak levels possible: Abhijit Bhave

'I strongly believe in the benefits of diversification within an asset class', said Abhijit Bhave

The markets will keep a close watch on the outcome of the Reserve Bank of India’s (RBI’s) policy meeting later this week and the subsequent commentary. Abhijit Bhave, chief executive officer at Fisdom Private Wealth, tells Puneet Wadhwa in an interview that after a 20–25 per cent decline from their peaks in the previous six months, mid/small-cap stocks have become more appealing. Edited excerpts:

What’s your outlook for the markets for the rest of the calendar year? Is a recovery to the peak levels seen in October 2021 possible?

The latest International Monetary Fund (IMF) report indicated that the post-pandemic recovery has