FPI flows positive for the second month in a row – The Government announced cut in corporate tax cuts on the 20th of Sep’19 post which FPI flows have turned positive. FPI flows have now been positive for the second month in a row and at INR 12,476 for the month of November. Total flows for 2019 now stands at INR 67,335 cr. as compared to outflow of INR 33,553 cr. for 2018.

We recommend our top picks as it has outperformed the benchmark BSE 100 since inception. We believe that consumer (both discretionary and non discretionary) space and private sector banks (both corporate and retail) offers good growth opportunity going forward despite volatile market environment.

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