These days the stock market is witnessing an ups and downs and sometimes Nifty goes below 24000 and sometimes the shorts made at the 24000 strike price are blown away by huge volumes and a small short covering is seen, as was seen on Friday when Nifty shot up to the level of 24200.
Share market Sandip Sabharwal said that at this time investors may focus on the pharma sector in the market and there may be good buying in select pharma stocks.

Sandip Sabharwal said that like most FMCG companies, HUL has also corrected in the last few months, so, it is expected that consumer demand will improve after the monsoon, but this improvement has clearly been delayed. We have seen how Britannia has fallen or you look across the board, Tata Consumer, HUL, and Dabur, all of them have fallen 20% to 30% from the high level, so usually when most of these consumer stocks fall about 30% from the high, it becomes a good level to buy because these are long term development stories and after two years of slow consumer demand, consumer demand should improve at some stage.

He said that once the re-development starts it usually lasts for two to three years. There is an attempt to come down from the top and the risk-reward ratio should be favorable in this.

He said that I was looking to buy Hindustan Unilever for around Rs 2200-2250, let's see how it goes, but many other names are also offering risk-reward ratios where the risk on the downside can be 5-7%, but on the upside,e it can be 15-20%.

Sandip Sabharwal also spoke on the insurance sector. He said that there are two things in the insurance sector. First, the overall performance of insurance companies. Insurance was considered an emerging sector, which was fast-growing due to low penetration. Companies are expected to make good margins, but many of those stories have not been planned as expected. Growth has been moderate. Profitability has been up and down and there is a lot of ambiguity on the increase in the overall valuation of the entire VNB and insurance companies.