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Bajaj Alts Backs Discretionary Consumption and Banks Amid Strong Macro Setup
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CNBC TV18•13-10-2026, 12:42
Bajaj Alts Backs Discretionary Consumption and Banks Amid Strong Macro Setup
- •India's macroeconomic setup is robust for the next six to nine months, driven by strong tax collections and domestic catalysts.
- •GST collections rose by 14 to 15 percent over the last two months, while net direct tax collections are up 31 percent year-to-date.
- •Jitendra Gohil of Bajaj Alts advises investors to focus on discretionary consumption sectors and banking stocks.
- •Upcoming events like the festive season, Uttar Pradesh elections, and the Eighth Pay Commission will act as key market catalysts.
- •Indian bond yields have remained relatively stable compared to global peers, outperforming developed markets.
Key Questions Answered
Jitendra Gohil recommends focusing on discretionary consumption sectors and banks to capitalise on India's strong macroeconomic setup.
Key drivers include robust tax collections, a positive festive season build-up around Navratri, potential US stimulus spending ahead of midterm elections, and upcoming catalysts like the Uttar Pradesh elections and the Eighth Pay Commission.
Although Indian yields have experienced a recent 10 to 20 basis point surge, they have remained relatively stable since February 28, outperforming developed markets.
