Mumbai: Continuing the momentum from last week, the Indian stock market witnessed strong gains from the banking sector, while metals faced mild profit booking. Nifty sustained above the 25,900 mark, signaling resilience across key indices despite a quiet trading day. Market expert Rohit Srivastava in an interview with ET Now said, “The next level for … Read more
The market narrative is increasingly shifting towards select pockets of growth within banking, consumption, and healthcare, says Shibani Sircar Kurian, Senior Fund Manager and Head – Equity Research at Kotak Mahindra Asset Management Company. In an exclusive interaction with ET Now, Kurian outlines her perspective on PSU banks, NBFCs, discretionary consumption, and emerging opportunities in … Read more
A billion-dollar investment in Sammaan Capital has sparked fresh discussions about the outlook for non-banking finance companies (NBFCs) and private sector banks. Parag Thakkar, a market veteran, believes this signals a positive shift for India’s financial sector even if the immediate market reaction remains mixed. “No, we do not have Sammaan Capital in our portfolio, … Read more
The Indian equity markets appear to be nearing a short-term bottom following a four-day correction, according to market strategist Rohit Srivastava. “Well, my sense is that we have seen a rather four-day good correction which is sort of a 38% pullback to the up move we had seen since 29th of August. I believe it … Read more
“If you strip out the earnings growth coming from some PSU banks, a large number of NBFCs and private sector banks have clearly disappointed. My understanding is that this industry is becoming highly competitive—a “red ocean”—making it very difficult for banks to sustain the kind of growth rates we were used to four or five … Read more
“On the banking side you are seeing a major reduction in funding cost and that should benefit both the NBFCs and the mid-sized banks as well. Till now really the play was only in the large banks but you should see broader participation in the growth this year,” says Ashish Gupta, CIO, Axis Mutual Fund.But … Read more
“If you listen to the management commentary accompanying the March results, it was fairly downbeat. April and May also reflect a similar tone. In fact, yesterday Voltas held an analyst meet where they reported a 20% to 30% dip in air conditioner sales, which is quite concerning,” says Dinshaw Irani, CEO, Helios Mutual Fund.What is … Read more
Indian equities are likely to consolidate in a narrow 5% range over the next few months as the market undergoes a phase of time correction, says Trideep Bhattacharya, CIO – Equities at Edelweiss Mutual Fund. While macro uncertainties have eased and policy momentum has picked up, the missing link remains corporate earnings, which he expects … Read more
Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts, says the market is experiencing rotation with different stocks attracting buying interest, ensuring upward movement after consolidation. Financials, particularly NBFCs, are leading the rally due to favorable interest rate cycles and low valuations. PSU stocks, after a correction, are building a base and offer low-value picks, while … Read more
“It is the right time to stick to the domestic side, where again the sectors like banking, again financially, if you look even in this current corrective phase banking as a sector clearly is showing the relative outperformance even in this current corrective phase,” says Dharmesh Shah, ICICI Direct. What should one expect because I … Read more