Sandeep Bagla of TRUST AMC says it is quite possible that markets go through a severe, sharp, and sustained sell-off. Probably defensives like FMCG could fall marginally lesser than other sectors.
The Put-Call ratio, a measure of the market’s mood, has slipped to an oversold level of 0.76 so the Nifty can still bounce back from the 17,500-17,300 zone.
India’s farm sector faces multiple challenges: knee-jerk interventions, disorganised supply chains and a lack of profitability, says the CEO of one of the country’s largest private warehousing firms
The worst is behind Indian corporate earnings. Will prefer domestic consumption stories over globally exposed businesses, Jain says.
With Europe and China allocations being relooked at, India can stand to gain as fund managers are bullish on the medium-to-long term prospects of the country.
Chandraprakash Padiyar of Tata Asset Management thinks IT sector is facing an issue of high expectations. Business growth is likely to be somewhere around 10 percent on a sustainable basis for the sector.
The company has started getting some recoveries from the retail book of DHFL and has written back Rs 430 crore into P&L so far.
Harshad Patil of Tata AIA Life Insurance says India remains among the few sweet spots in the otherwise tepid global economy. Given this context, we believe that the FIIs cannot afford to ignore the Indian economy for long and would have to invest in the Indian equity markets in the medium term.
Speaking about attracting investors, BharatPe Chairman Rajnish Kumar said that there should be a few quarters of profitability for investors to get confidence that the company has a plan, it is working towards the same, and that there is potential for growth and profit.
Vetri Subramaniam shares his views on building a portfolio, global risks, the current geopolitical situation, the fiscal deficit, inflation, the K-shaped recovery, India becoming the fifth largest economy and much more
However, Dr. Vikas Gupta, founder, OmniScience Capital, feels that India’s story remains strong and that the RBI will be optimistic on growth as well as inflation, and benign on interest rate hikes.
Sonam Srivastava of Wright Research says India has the highest growth projections in the next year and has even picked up price momentum in the last three months. Our valuations are low compared to history, and the currency is cheap for foreign investors to buy.
COVID-19’s hit on revenues prompts the airport to launch many initiatives. The airport, which is the first in the world to run fully on solar power, has many other firsts to its credit. After a loss of Rs 87.21 crore in 2020-21, the company registered a net profit of Rs 26.13 crore in FY22. S Suhas, MD of CIAL, says the revenue target for this fiscal is Rs 675 crore.
With most commodity prices correcting in the current quarter, a significant amount of the margin miss may likely reverse in the second half of the year.
Indian equity market valuations are slightly on the higher side vis-à-vis historical averages, with the Nifty 1 year forward P/E at about 20x, which opens up the possibility of a correction – price correction or time correction – until earnings catch up with the valuations.
Vedanta was the biggest gainer in the futures & options segment, climbing 10 percent to Rs 305.60. It has seen formation of bullish candlestick pattern on the daily charts with robust volumes.
Byju’s has been embroiled in controversies regarding delays in filing financials, sales practices, layoffs and funding troubles. The founder and CEO of the edtech firm talks about it all in an interview with Moneycontrol
We expect that RBI will be more pressured to control raging inflation as central bank is mandated by Government to maintain retail inflation at 4 percent with a 2 percent margin on either side for a five-year period ending March 2026.
Anitha Rangan of Equirus says liquidity tool is at the disposal of RBI and therefore gives more flexibility to RBI to manage actions more dynamically rather than repo which is an MPC tool with less flexibility of dynamic changes.
More than 60 percent of the Nifty 500 index, traded above the 200 DMA, the highest in the last four months, suggesting there is room for more upside amidst intermittent corrections, says Tirthankar Das, analyst.
HDFC Securities' preferred sectors are large cap banks and IT, industrial and real estate, power, autos and they continue to add positions in long-term thematics (eg. City Gas, financial inclusion - Insurance and Capital Markets), says Unmesh Sharma.
Karan Doshi of LIC MF says India might be the brightest spot in relative comparison among other economies in the PMI chart with Eurozone in contraction and US also slowing down. This in return may set the stage for capex recovery from the private side.
Ram Kalyan Medury of Jama Wealth says most of the cement stocks are still down by 20 percent to 40 percent from their peaks. This is a cyclical sector and one has to be careful about entering the sector at the right time.
Speaking about whether the world is now staring at a recession, the IMF chief Kristalina Georgieva said: “What I can tell you is that inflation has proven to be much more stubborn than we thought it would be because of the triple crisis – pandemic, war, and then cost of living..."
The IMF Chief said: “India is right to call on the IMF for regulations so crypto does not become like the wild, wild west."