Positive impactCorporate Action
Large private banks worth buying, avoid IT for now: Bajaj AMC's Nimesh Chandan
CNBC-TV18 1 hr ago·30 Oct 2026, 7:01 am
Bajaj AMC Chief Investment Officer Nimesh Chandan has turned his attention to the banking sector, suggesting that large private banks currently offer attractive investment opportunities. He argues that these banks are well-positioned to benefit from a stable economic environment and robust credit growth. Conversely, Chandan advises investors to exercise caution regarding the Information Technology (IT) sector, citing concerns over global economic slowdowns and currency fluctuations that could impact IT export earnings.
The fund manager also highlighted potential opportunities in the capital market and quick commerce sectors. He believes these areas are poised for growth as they align with evolving consumer habits and increasing financial inclusion. Investors should monitor these sectors closely to understand how broader market trends might influence their performance in the coming quarters.
Excerpt from CNBC-TV18
Published On Oct 30, 2026 | 12:31 IST Last Updated On Oct 30, 2026 | 12:31 IST Bajaj AMC CIO Nimesh Chandan explains why large private banks look attractive, why investors should remain cautious on IT and NBFC stocks, and where he sees opportunities in quick commerce and capital market companies. Nimesh Chandan, Chief…Read the original at CNBC-TV18
Key takeaways
- Category: Corporate Action.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
