Sunil Subramaniam, market veteran, says that in April and May, the outflow of Rs 50,000 crore was a profit booking by FIIs. Now, alternatives to take that money and put it anywhere else in the world are not looking attractive. So, they had to come back to India, especially once they got clarity that this … Read more
Mahantesh Sabarad, Independent Market Expert, says the market expects a continuation of the government and better monsoon forecast. If these two things happen, there will be solid earnings growth. We might expect a little bit of moderation in valuation, but the market momentum will not get disturbed and will not see a great fall. We … Read more
In India, general elections hold high significance for Dalal Street investors as early trends, opinion polls, and exit polls ahead of the final outcome provide cues on which party is likely to win the game. This time around, the election has gained prominence in light of India’s rising importance in geopolitics, its leading position in … Read more
Hemang Jani, Independent Market Expert, says “our overall sense is that though we might see a little bit of sideways movement or a bit of a profit booking, the broad structure of the market remains good. We will have to do a little bit more hard work in terms of what are the pockets of … Read more
Jigar Mistry, Co-founder, Buoyant Capital, says “if you look at the ownership spectrum of largecap versus smallcaps and look at the free float as an additional variable into this, very interesting data is shaping up. There are a few graphics running there but if you look at the free float ownership in the largecaps, FIIs … Read more
Sanjiv Bhasin, Director, IIFL Securities, says in the microfinance space, AU Small Finance deserves a relook. It was trading below Rs 700. I gave that as one of my Diwali picks at Rs 670, 680. They are progressing very well on their digital apps. Then, look at AB Capital, that is another NBFC which has … Read more
The recent outperformance of shares of fast moving consumer goods companies indicates that investors have looked past the profitability challenges and are betting on India’s long-term consumption story. Not only has the Nifty50, but the Nifty FMCG index also scaled a lifetime high. On a YTD basis, the sectoral index has outperformed Nifty50, with more … Read more
Where to invest: largecaps, midcaps or smallcaps? That’s the question investors keep wrestling with most of the time. The question has become all the more relevant in the current market, where the indices are trading near their high points. There is empirical evidence that in the runup to each market peak, valuations of smaller companies … Read more
We believe that the largecap space will continue to benefit from FII flows which will be sustained over the next three to five year period, says the MD & CEO, Sundaram Mutual Fund. You have got your new fund offering opening tomorrow. Do you want to run us through that?Yes, as you know Sundaram over … Read more