“When we look at their growth and add it up, I believe consumer demand is still growing. Consumption patterns are shifting—some categories are mature, while others are emerging. This growth is fueled by aspirational India, and as investors, we need to identify those emerging categories and opportunities,” says Nilesh Shah, Envision Capital. ET Now: It … Read more
“We will look for companies, at the end of it, it boils down to the company’s availability at the right price. So, you keep looking for your right price and right names and as and when they come, jump in and when we raise the new fund, we are still sitting on some bit of … Read more
Mumbai: Kotak Institutional Equities said the Indian market continues to be a mix of being “rightfully optimistic and mistakenly euphoric“. The brokerage said parts of the market rightfully reflect the strength of the Indian economy and its long-term growth prospects, while the other parts reflect “extreme euphoria linked to baseless narratives.” Kotak said the market … Read more
U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve interest rate cuts. According to LSEG Lipper data, net outflows from U.S. equity funds totalled $7.6 billion. This came as the yield … Read more
Ramesh Mantri, CIO, WhiteOak Capital AMC, says when we look at combined fundamentals and valuation, there are some sectors where fundamentals are very strong, but valuation is very high like industrials, capex related and then smaller industry segments like defence, electronics and manufacturing. The fundamental corporate earnings have been good but the valuation is high. … Read more
“Japan is a very strong story and it trades only about fourteen-and-a-half times one year forward PE,” says Jonathan Garner, Morgan Stanley.So, are you saying we should expect only, let us say, mid-single digit kind of realistic return expectation from the Indian markets as well?That is the base case. As I mentioned, the bull case … Read more
Serious investors are looking beyond concerns over rich headline stock valuations and coming to India, said Ridham Desai, head-India equity research at Morgan Stanley. In an interview with Ankit Doshi and Nishanth Vasudevan on the sidelines of the firm’s investment conference, Desai said financials followed by industrials and consumer discretionary are his top investment picks. … Read more
The year 2022 had seen the indices scaling the highest record as well as volatility as the central banks of many economies raised their key policy rates in order to control the rising inflation in their respective countries. The Reserve Bank of India is also slowly hiking key policy rates to rein in inflation in … Read more
Technical analysts expect the Nifty to find resistance at 18,500 in the coming week after declining for four straight days last week. Nifty closed at 18,114.90 on Friday. Analysts said the broader trend remains positive, with financials likely to outperform in the coming days but midcaps may fall further. NAVNEET DAGASENIOR DERIVATIVES ANALYST – INSTITUTIONAL … Read more
Technical and derivative analysts expect the Nifty to cross 18,000 this week, continuing its recent momentum that saw the Sensex touch 60,000 last Friday. Analysts expect the index to find support at 17,600-17,700. There is a possibility of profit booking bouts but they don’t see a deep correction. SRIRAM VELAYUDHANVICE PRESIDENT-ALTERNATIVE RESEARCH, IIFL SECURITIES Will … Read more