New Delhi, June 4 -- Rishabh Nahar, Partner and Fund Manager at Qode Advisors, is reducing the overall market exposure and shifting focus to select unique stock ideas where he still sees strong earnings momentum and low volatility, offering a good balance of risk and reward. In an interview with Mint, Nahar shares his views on market valuations, sectors to watch and strategy for gold. Here are edited excerpts of the interview:

We are watching the post-Q1 rebound not just as a statistical uptick, but as confirmation of our momentum signals realigning after a brief drawdown.

The 4 per cent YTD (year-to-date) gain in the Nifty 50 versus nearly 10 per cent in the S&P 500 and nearly 8 per cent in MSCI EM tells us that Indian mid- and small-c...