A relief rally may be possible after the market priced in US banking sector debacle.
Most people may not abandon debt funds and that could turn into a long-term asset base, but creating new assets in the debt segment may be a challenge, says Vikas Khemani, founder of Carnelian Asset Advisors
However, the NSE rolling back the 6 percent hike in transaction charges will provide some respite, as otherwise it would’ve been a double whammy, feels Prakarsh Gagdani, CEO, 5paisa.com
Harshad Patil of Tata AIA believes that the heightened volatility is here to stay, at least in the near term.
Trajectories are being worked out to blend green hydrogen in the city gas network and to mandate steel plants, refineries and fertiliser companies to use green hydrogen, Singh told Moneycontrol.
Trajectories are being worked out to blend green hydrogen in the city gas network and to mandate steel plants, refineries and fertiliser companies to use green hydrogen, Singh told Moneycontrol.
Kotak Mahindra AMC remains positive on sectors deriving demand from domestic sources. These include large banks, capital goods, manufacturing and automobiles.
For next month, his top 3 picks will be ITC, Cyient, and Sun Pharma.
Real estate is an elephant and takes time to move. The sector has a lot of moving parts and it's better to stay away, says Chaturmohta, Fund Manager-PMS Strategy-Apex, JM Financial Services
Some of the consumer facing companies have also seen valuation normalizing during the recent market corrections, the expert told Moneycontrol.
By following the Japanese system right from 1983, Maruti Suzuki has become one of the top manufacturing companies in India, Bhargava says.
Earnings growth and variability of earnings remains the key risks to markets.
R.C. Bhargava, in a fireside chat with Ravi Krishnan, Deputy Editor, Moneycontrol, said: “If you want to be a manufacturing giant, we must listen to the Prime Minister and ensure that manufacturing is inclusive... "
Stallion Asset is highly underweight on IT services, overweight on Indian banks, has added two listed fintech companies and is looking to add hospital stocks, says the founder of the portfolio management service company
The major challenge for equities in FY24 remains interest rate path volatility. Implied Fed funds rate and hike probabilities have been swinging almost every day at an unprecedented quantum. Stocks tend to underperform during such an uncertain environment
The repercussions of the slowdown in Nasdaq companies are yet to come through in earnings downgrades, and the prospects of Indian companies may be dented, says Alok Jain.
Ajay Bagga, Chairman of Elyments Platforms says the global banking crisis is not going away too easily. He expects Indian markets to be rangebound but doesn’t rule out the possibility of a 15% fall in the event of a global selloff. Bagga says it’s best to stick to domestics now, in what appears to be a “stock-picker’s” market.
India’s potentially huge growth story means the country shouldn’t constrain it by imposing restrictions on the number of plane seats an airline can offer on bilateral flights, says the president of Emirates airline.
The cement sector and a few consumer goods stocks can benefit from the current lower commodity prices, making them a good bet, he says.
Vinay Rajani of HDFC Securities believes that Nifty could show move towards 17,500-17,600 band in the short term and same should be utilised to lighten long positions.
India is more resilient from bank runs as deposit base is distributed and there is more friction in larger transactions.
The market seems to have corrected quite a bit, with good valued opportunities showing up.
The Fed's rate hike path for 2023 is like walking a tightrope between battling inflation and avoiding a banking crisis.
"In case of a correction, investors should focus on sectors/ themes which are likely to have reasonable steadiness on earnings front."
According to Rakesh Arora, founder of Go India Stocks.com, Nifty Metal has been the worst-performing sectoral index from the start of the year. The sector may see mean reversion in margins in the second half of the year, he says.