Indian equities unfazed by weak global cues ended in the green in Friday’s session. Nifty ended at 19,820, up around 100 points, while Sensex added 333 points to settle the week at 66,599. Global distress weighed on IT and pharma stocks which came under selling pressure. Nevertheless, the gains in infra, industrial, and capital goods … Read more
Dipan Mehta, Director, Elixir Equities, says: “This is as good a bull market as it gets and managements also recognise that this is the right time to take these kind of corporate actions and whether it is a buyback from Piramal or L&T, they certainly know that that is a good way of boosting their … Read more
After rising for three weeks in a row, the Indian equities took a breather as they ended the week on a negative note. There has been a slight divergence between the Indian and global markets. Structurally speaking, SPX and other key European indices like DAX look stronger than Nifty. However, it can be said that … Read more
“If you really look at their language, people were expecting that it is a temporary pause and there could be a hike depending on the data and stuff like that but that was very natural to say especially when you fought so long for getting inflation into control, you just do not let it slip … Read more
Chandraprakash Padiyar, Senior Fund Manager, Tata Mutual Fund, says he belongs to the camp which says that businesses in India continue to do well. There are some pockets of businesses which have slightly lower growth or profit margin impact but coming to largecaps, it is mainly banks and they continue to do extremely well. There … Read more
Uncertain stock market conditions call for smart strategies. The beaten-down valuations of many companies have prompted their promoters to adopt a contrarian investment approach, which will help them strengthen their holdings at lower than market value. They, however, are refraining from picking up additional stakes directly through open market acquisitions of shares or by way … Read more
“S&P over the past four months has been trading in the 3800-4100 range. Should the S&P break below that 3800 area, that would increase the probability of a Nifty break below 16,800,” says Laurence Balanco, Technical Analyst, CLSAFor the S&P, a break below 3,800 really opens the door for a retest of the October lows … Read more
“I think the discretionary space also is looking extremely good. But I think stock picking is very important there at this point of time given pockets of slowdown and also expensive valuations in certain stocks,” says Srinivas Rao Ravuri. Just wanted to also understand what the key triggers are for picking out the domestic consumption … Read more
“The reality is that today’s 18000 is 20-25% cheaper than 18000 of one and a half year back because if you look at Nifty EPS from below 700, we are now talking more like 830-840,” says Aashish Somaiyaa, White Oak Capital.What are the factors in your mind right now because of which this underperformance is … Read more
“Overall, valuations have become much more reasonable and most global equity markets are up 5% to 15% this year. There will be a catch-up from India’s side also going forward. We have to be constructive and from here, the upside potential is greater than downside risk,” says Sandip Sabharwal, asksandipsabharwal.com Given that it is just … Read more