Factors for a bull market are looking a little thin, says Shankar Sharma

'A narrow list of stocks was trying to convey an impression of a bull market, but in reality, it was a market of deception', says Shankar Sharma

It has been a rollercoaster ride for the markets in the past few sessions. SHANKAR SHARMA, vice-chairman and joint managing director at First Global, shares his views on the recent developments and his sector preferences in this backdrop with Puneet Wadhwa. Edited excerpts: 

What is your  view on the markets?

I had been noticing from June / July and getting concerned about the markets’ internals, as they were being driven by a handful of stocks in the Nifty50 index. Stocks in the broader indices, including some scrips in the Nifty50 had turned into the reverse direction. So, a narrow list