Best days for NBFCs are over for now: Ashutosh Tiwari of Equirus Securities

On the global front, a lot of funds have been underweight on emerging markets, including India since last few months.

Unlike 2017, the domestic equity market has been extremely volatile this year, thanks to a slew of global as well as domestic factors. Ashutosh Tiwari, head of research at Equirus Securities shares his views on the recent developments in stock markets, currency depreciation and his sector/stock preferences with Swati Verma. Edited excerpts:

Where do you see Sensex and Nifty by the end of this fiscal? 

We don't have any target for Sensex and Nifty as such, but feel indices are unlikely to give positive returns by the end of this fiscal. Increasing crude prices combined with rupee depreciation will hit