Beijing shuts dine-in services for holidays to stem outbreak

Restaurants in Beijing have been ordered to close dine-in services over the May holidays as the Chinese capital grapples with a COVID-19 outbreak. Authorities said at a news conference Saturday that dining in restaurants has become an infection risk, citing virus transmissions between diners and staff.

from Economic Times https://ift.tt/TJU5Lx9

Daily Voice | Consolidation to continue over next couple of quarters, but don#39;t see more than 20% correction: Jitendra Arora of ICICI Prudential Life

Investors have traded Indian markets at a premium to emerging markets as they see it as a large market that has the potential to deliver double-digit nominal growth over the next decade. We don’t see that changing quickly unless we falter big time on our growth.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-consolidation-to-continue-over-next-couplequartersdon39t-see-more-than-20-correction-jitendra-aroraicici-prudential-life_16324801.html

Daily Voice | Consolidation to continue over next couple of quarters, but don#39;t see more than 20% correction: Jitendra Arora of ICICI Prudential

Investors have traded Indian markets at a premium to emerging markets as they see it as a large market that has the potential to deliver double-digit nominal growth over the next decade. We don’t see that changing quickly unless we falter big time on our growth.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-consolidation-to-continue-over-next-couplequartersdon39t-see-more-than-20-correction-jitendra-aroraicici-prudential_16324801.html

See cut in Nifty50 earnings growth by at least 5-7% for FY23 on supply chain issues, says Aishvarya Dadheech of Ambit Asset Management

We believe the risk of Covid is largely factored in by the market. Lockdown fears in China are impacting the global supply chain and deteriorating the smooth functioning of trade.

from Moneycontrol Market Outlook https://ift.tt/gsnECcK

Supply chain woes aggravated by China logistics, says Airbus CEO

"The whole worldwide supply chain is complicated at the moment," he told a news briefing in his capacity as head of France's Gifas aerospace industry association.

from Economic Times https://ift.tt/kT0KPsu

Daily Voice | World War III bigger threat for global market than virus, says Amit Jain of Ashika Group

"Till now most corporate earnings are below expectations and in our view this trend may continue till September 2022. We may see some downgrades in selected sectors like IT, manufacturing and energy."

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-world-war-iii-bigger-threat-for-global-market-than-virus-says-amit-jainashika-group_16316941.html

Daily Voice | Better not to rush in and invest at one go, at least for the coming 3-6 months, says Harshad Chetanwala of MyWealthGrowth

Banking financial services and consumer discretionary are the two sectors one can consider at present in our view. The BFSI sector could continue to recover well after the correction we saw in the previous quarter.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-better-not-to-rushand-invest-at-one-go-at-least-forcoming-3-6-months-says-harshad-chetanwalamywealthgrowth_16311381.html

Daily Voice | Better not to rush in and invest at one go, at least for the coming 3-6 months, says Harshad Chetanwala of MyWealthGrowth

Banking financial services and consumer discretionary are the two sectors one can consider at present in our view. The BFSI sector could continue to recover well after the correction we saw in the previous quarter.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-better-not-to-rushand-invest-at-one-go-at-least-forcoming-3-6-months-says-harshad-chetanwalamywealthgrowth_16311401.html

Local investors to pump $70 billion annually into markets, says Ashwini Agarwal of Ashmore Investment

Domestic retail investors have been consistently buying stocks over the past six months.

from Moneycontrol Market Outlook https://ift.tt/ncvkTRz

Daily Voice | Major risk to equity as an asset class is high commodity prices, says Hemant Kanawala of Kotak Life Insurance

Defence offers a very attractive investment opportunity as the government is committed to localise production. In many items, local sourcing is made mandatory going forward.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-major-risk-to-equity-asasset-class-is-high-commodity-prices-says-hemant-kanawalakotak-life-insurance_16307461.html

Daily Voice | Major risk to equity as an asset class is high commodity prices, says Hemant Kanawala of Kotak Life Insurance

Defence offers a very attractive investment opportunity as the government is committed to localise production. In many items, local sourcing is made mandatory going forward.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-major-risk-to-equity-asasset-class-is-high-commodity-prices-says-hemant-kanawalakotak-life-insurance_16307481.html

Daily Voice | Green infrastructure could emerge as a decadal theme: Roopali Prabhu of Sanctum Wealth

Corporate India has been deleveraging balance sheets over the past several years. Therefore, higher interest rates will not be a pain point. Inflation and demand response to inflation are parameters we are looking at far more closely.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-green-infrastructure-could-emerge-asdecadal-theme-roopali-prabhusanctum-wealth_16302761.html

Daily Voice | Green infrastructure could emerge as a decadal theme: Roopali Prabhu of Sanctum Wealth

Corporate India has been deleveraging balance sheets over the past several years. Therefore, higher interest rates will not be a pain point. Inflation and demand response to inflation are parameters we are looking at far more closely.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-green-infrastructure-could-emerge-asdecadal-theme-roopali-prabhusanctum-wealth_16302781.html

Daily Voice | You can expect multifold profits from holding defence stocks for 15-20 years, says Videsh K Totaare of Archers Wealth Management

New-age tech companies are disrupting the traditional business environment and defining new norms pertaining to how consumers and businesses interact with each other. And there is an enormous untapped and untouched market ready to be harnessed and reap profit from.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-you-can-expect-multifold-profitsholding-defence-stocks-for-15-20-years-says-videsh-k-totaarearchers-wealth-management_16301401.html

Daily Voice | You can expect multifold profits from holding defence stocks for 15-20 years, says Videsh K Totaare of Archers Wealth Management

New-age tech companies are disrupting the traditional business environment and defining new norms pertaining to how consumers and businesses interact with each other. And there is an enormous untapped and untouched market ready to be harnessed and reap profit from.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-you-can-expect-multifold-profitsholding-defence-stocks-for-15-20-years-says-videsh-k-totaarearchers-wealth-management_16301421.html

Daily Voice | You can expect multifold profits from holding defence stocks for 15-20 years, says Videsh K Totaare of Archers Wealth Management

New-age tech companies are disrupting the traditional business environment and defining new norms pertaining to how consumers and businesses interact with each other. And there is an enormous untapped and untouched market ready to be harnessed and reap profit from.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-you-can-expect-multifold-profitsholding-defence-stocks-for-15-20-years-says-videsh-k-totaarearchers-wealth-management_16301441.html

Daily Voice | You can expect multifold profits from holding defence stocks for 15-20 years, says Videsh K Totaare of Archers Wealth Management

New-age tech companies are disrupting the traditional business environment and defining new norms pertaining to how consumers and businesses interact with each other. And there is an enormous untapped and untouched market ready to be harnessed and reap profit from.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-you-can-expect-multifold-profitsholding-defence-stocks-for-15-20-years-says-videsh-k-totaarearchers-wealth-management_16301461.html

Days after he touched Nitish's feet, Chirag Pawan predicts another volte face by Bihar CM

Chirag Paswan, who has for some time been in news for his vitriolic attacks on Kumar, which has led to his virtual ostracism from the NDA, came in limelight when on Friday he greeted the chief minister by touching his feet at the Iftar hosted by Yadav, the leader of the opposition.

from Economic Times https://ift.tt/sAaGJgR

Daily Voice | Banking, autos look attractive, but IT needs caution, says Ihab Dalwai of ICICI Prudential AMC

One can be underweight sectors such as Retailing given its high valuation and increasing competitive intensity and IT as growth rates will be lower than what valuations are demanding.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-banking-autos-look-attractiveit-needs-caution-says-ihab-dalwaiicici-prudential-amc_16300661.html

Volodymyr Zelenskiy warns Russia is eyeing other countries after Ukraine

Rustam Minnekayev, deputy commander of Russia's central military district, was quoted by Russian state news agencies as saying full control over southern Ukraine would give it access to Transnistria, a breakaway Russian-occupied part of Moldova in the west.

from Economic Times https://ift.tt/WNu1Kdo

Daily Voice | Expect corporate India to register strong double-digit growth in FY23, largely driven by heavyweight sectors, says Unmesh Sharma of HDFC Securities

While inflationary pressure will dent earnings in other sectors such as cement, FMCG, pharma, chemicals, etc, we expect them to be able to pass some of these costs to the consumers in calibrated manner and still register moderate growth. This might lead to interim pressure on margins.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-expect-corporate-india-to-register-strong-double-digit-growthfy23-largely-driven-by-heavyweight-sectors-says-unmesh-sharmahdfc-securities_16296621.html

Market movers: ED pays visit to Jindal Steel's office; Paras Defence to get PLI benefits

News reports said the agency launched its investigation early in the morning. The agency has been investigating whether or not foreign exchange laws were violated in operating bank accounts in Singapore, based on a tip-off by the Singapore Financial Intelligence Unit.

from Economic Times https://ift.tt/bJ4oDNz

Daily Voice | Valuations have not yet reached attractive levels in new-age tech companies, says Anil Sarin of Centrum PMS

India is uniquely attractive among global markets. Wage costs are relatively attractive in India, and unlike the rest of the world, there is no real estate speculation amongst Indian savers. Corporate balance sheets are very light and strong at this time.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-valuations-have-not-yet-reached-attractive-levelsnew-age-tech-companies-says-anil-sarincentrum-pms_16294801.html

Another 5-7% correction in market to make valuations palatable, says Vinit Sambre of DSP Investment Managers

Domestic equities are currently flat for the year despite the spike in global volatility

from Moneycontrol Market Outlook https://ift.tt/sK4n6m1

Another 5-7% correction in market to make valuations palatable, says Vinit Sambre of DSP Investment Managers

Domestic equities are currently flat for the year despite the spike in global volatility

from Moneycontrol Market Outlook https://ift.tt/50kShrG

Daily Voice | Contraction in PE multiples, consolidation in earnings likely to keep markets rangebound for a while, says Sahil Kapoor of DSP Investment Managers

India may clock above 7 percent growth in FY23. The risk is from higher oil prices and high interest rates, which could derail the budding recovery in the Indian economy.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-contractionpe-multiples-consolidationearnings-likely-to-keep-markets-rangebound-forwhile-says-sahil-kapoordsp-investment-managers_16289301.html

Daily Voice | Contraction in PE multiples, consolidation in earnings likely to keep markets rangebound for a while, says Sahil Kapoor of DSP Investment Managers

India may clock above 7 percent growth in FY23. The risk is from higher oil prices and high interest rates, which could derail the budding recovery in the Indian economy.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-contractionpe-multiples-consolidationearnings-likely-to-keep-markets-rangebound-forwhile-says-sahil-kapoordsp-investment-managers_16289321.html

Daily Voice | Have 20-25% exposure to BFSI stocks in portfolio but be cautious about investing in power sector, says Nimish Shah of Waterfield Advisors

Currently, the geo-political uncertainty remains one of the largest short- to medium-term risks to the world economy. Growth forecasts are already being revised downwards across developed and developing nations.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-have-20-25-exposure-to-bfsi-stocksportfoliobe-cautious-about-investingpower-sector-says-nimish-shahwaterfield-advisors_16285081.html

Daily Voice | Have 20-25% exposure to BFSI stocks in portfolio but be cautious about investing in power sector, says Nimish Shah of Waterfield Advisors

Currently, the geo-political uncertainty remains one of the largest short- to medium-term risks to the world economy. Growth forecasts are already being revised downwards across developed and developing nations.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-have-20-25-exposure-to-bfsi-stocksportfoliobe-cautious-about-investingpower-sector-says-nimish-shahwaterfield-advisors_16285061.html

Centre denies reports of GST council planning to raise 5% tax slab to 8%

The sources confirmed to ANI that there is no such proposal from the Council, this news is speculative and there is no truth in it.

from Economic Times https://ift.tt/rhtwBI0

Daily Voice | It#39;s time to gradually exit commodity-linked stocks, says Abhay Agarwal of Piper Serica

Long-term investors should allocate 10-15 percent of their portfolio to the IT majors to achieve steady long-term returns.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-it39s-time-to-gradually-exit-commodity-linked-stocks-says-abhay-agarwalpiper-serica_16281041.html

Daily Voice | IT space may see a correction on Fed rate moves, says Ram Kalyan Medury of Jama Wealth

We will see IPOs hitting the market and getting subscribed, but the success or otherwise of the next few IPOs will determine whether more IPOs will follow.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-it-space-may-seecorrectionfed-rate-moves-says-ram-kalyan-meduryjama-wealth_16280201.html

Daily Voice | IT space may see a correction on Fed rate moves, says Ram Kalyan Medury of Jama Wealth

We will see IPOs hitting the market and getting subscribed, but the success or otherwise of the next few IPOs will determine whether more IPOs will follow.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-it-space-may-seecorrectionfed-rate-moves-says-ram-kalyan-meduryjama-wealth_16280221.html

Daily Voice | IT space may see a correction on Fed rate moves, says Ram Kalyan Medury of Jama Wealth

We will see IPOs hitting the market and getting subscribed, but the success or otherwise of the next few IPOs will determine whether more IPOs will follow.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-it-space-may-seecorrectionfed-rate-moves-says-ram-kalyan-meduryjama-wealth_16280241.html

Daily Voice | Time to overweight on IT space, banking and financial services look bright, says Sonam Srivastava of Wright Research

If the RBI decides to hike rates in the second half of the year, it will be a positive sign for the banking and financial sector as the interest income increases.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-time-to-overweightit-space-bankingfinancial-services-look-bright-says-sonam-srivastavawright-research_16279581.html

Daily Voice | Time to overweight on IT space, banking and financial services look bright, says Sonam Srivastava of Wright Research

If the RBI decides to hike rates in the second half of the year, it will be a positive sign for the banking and financial sector as the interest income increases.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-time-to-overweightit-space-bankingfinancial-services-look-bright-says-sonam-srivastavawright-research_16279601.html

China holds drills around Taiwan as U.S. lawmakers visit

China's military sent frigates, bombers and fighter planes to the East China Sea and the area around Taiwan, the People's Liberation Army Eastern Theatre Command said, in a statement released as the lawmakers were holding a news conference in Taipei.

from Economic Times https://ift.tt/tiokxXw

Daily Voice | Won#39;t be surprised to see rate hike in June policy meet if inflation trajectory worsens severely: Poonam Tandon of IndiaFirst Life

In the current market environment, IndiaFirst expects bBanks to benefit from higher inflation and interest rates, capital goods/Infra companies given the government focus on investment, says Poonam Tandon.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-won39t-be-surprised-to-see-rate-hikejune-policy-meet-if-inflation-trajectory-worsens-severely-poonam-tandonindiafirst-life_16278101.html

Daily Voice | Won#39;t be surprised to see rate hike in June policy meet if inflation trajectory worsens severely: Poonam Tandon of IndiaFirst Life

In the current market environment, IndiaFirst expects bBanks to benefit from higher inflation and interest rates, capital goods/Infra companies given the government focus on investment, says Poonam Tandon.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-won39t-be-surprised-to-see-rate-hikejune-policy-meet-if-inflation-trajectory-worsens-severely-poonam-tandonindiafirst-life_16278121.html

Russia-Ukraine war: Kremlin crackdown silences war protests, from benign to bold

The Kremlin has sought to control the narrative of the war from the moment its troops rolled into Ukraine. It dubbed the attack a "special military operation" and increased the pressure on independent Russian media that called it a "war" or an "invasion," blocking access to many news sites whose coverage deviated from the official line.

from Economic Times https://ift.tt/fyDbCZv

Daily Voice | Would not be surprised if we continue to see higher oil prices: says Naveen Chandramohan of ITUS Capital

The Founder Fund Manager of ITUS Capital believes that it is better to focus on individual companies rather than the market, noting that markets will touch new highs in a regime of easy liquidity, but individual companies will generate consistent returns on the back of robust cash flow growth.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-would-not-be-surprised-if-we-continue-to-see-higher-oil-prices-says-naveen-chandramohanitus-capital_16273821.html

Daily Voice | Would not be surprised if we continue to see higher oil prices: says Naveen Chandramohan of ITUS Capital

The Founder Fund Manager of ITUS Capital believes that it is better to focus on individual companies rather than the market, noting that markets will touch new highs in a regime of easy liquidity, but individual companies will generate consistent returns on the back of robust cash flow growth.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-would-not-be-surprised-if-we-continue-to-see-higher-oil-prices-says-naveen-chandramohanitus-capital_16273841.html

Complacency biggest risk for investors in current market, says Nilesh Shah

Shah says the current macroeconomic environment is filled with uncertainties and fundamentals can move in either direction in this market

from Moneycontrol Market Outlook https://ift.tt/4rcloh7

Daily Voice | Mid-caps, small-caps may find it hard to outrun large-caps as valuations favour, says Aniruddha Naha of PGIM India MF

After strong two years, we expect returns to be more subdued, given higher inflation, broken supply chains and a strong base in returns in the last one year.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-mid-caps-small-caps-may-find-it-hard-to-outrun-large-caps-as-valuations-favour-says-aniruddha-nahapgim-india-mf_16269321.html

Commodity prices to hit margins and demand, says Edelweiss Securities Aditya Narain

Investors have remained confident that the overall earnings of Nifty 50 companies will continue to grow in double-digits in 2022-23.

from Moneycontrol Market Outlook https://ift.tt/Mdku9CT

Aditya Narain of Edelweiss Securities suggests caution about earnings in FY23

Investors have remained confident that the overall earnings of Nifty 50 companies will continue to grow in double-digits in 2022-23.

from Moneycontrol Market Outlook https://ift.tt/nkwWDdo

Daily Voice | Realty may shine brighter, but power sector valuations look dim, says Gaurav Misra of Mirae Asset

#39;Given that the genesis of the inflation problem is external and not a problem of a ultra-loose domestic monetary policy or over-heating of the economy, I think a calibrated approach by the RBI is appropriate#39;

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-realty-may-shine-brighterpower-sector-valuations-look-dim-says-gaurav-misramirae-asset_16264521.html

Daily Voice | Realty may shine brighter, but power sector valuations look dim, says Gaurav Misra of Mirae Asset

#39;Given that the genesis of the inflation problem is external and not a problem of a ultra-loose domestic monetary policy or over-heating of the economy, I think a calibrated approach by the RBI is appropriate#39;

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-realty-may-shine-brighterpower-sector-valuations-look-dim-says-gaurav-misramirae-asset_16264541.html

India best place to be in long-term, says Sandeep Bhatia of Macquarie Securities

Bhatia believes that the Indian markets will continue to raise their profile within the emerging markets basket going ahead.

from Moneycontrol Market Outlook https://ift.tt/MlH6AQq

Daily Voice | Equity, real estate, gold good asset classes to own in this inflationary environment, says George Heber Joseph of ITI Mutual Fund

We do expect the energy prices can be higher for longer periods as the reasons for increase in prices are not reversing fully in the near term.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-equity-real-estate-gold-good-asset-classes-to-ownthis-inflationary-environment-says-george-heber-josephiti-mutual-fund_16260221.html

Daily Voice | Bullish on these three sectors but avoiding IT and financials for now, says Vivek Sharma of Estee Advisors

"We are bullish on electric vehicles (EVs) and renewable energy for the long term. In the short term, we are slightly overweight on utilities -- Adani Green is one stock we like for the short term."

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-bullishthese-three-sectorsavoiding-itfinancials-for-now-says-vivek-sharmaestee-advisors_16259441.html

Daily Voice | Sameer Kaul of TrustPlutus Wealth expects earnings to remain tepid

"Whether oil itself will remain elevated for much longer depends wholly on whether Iran starts pumping oil, and at what velocity. If Iran was to get back to 5 million barrels per day, there should be a thaw in oil prices."

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-sameer-kaultrustplutus-wealth-expects-earnings-to-remain-tepid_16258941.html

Daily Voice | Sameer Kaul of TrustPlutus Wealth expects earnings to remain tepid

"Whether oil itself will remain elevated for much longer depends wholly on whether Iran starts pumping oil, and at what velocity. If Iran was to get back to 5 million barrels per day, there should be a thaw in oil prices."

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-sameer-kaultrustplutus-wealth-expects-earnings-to-remain-tepid_16258961.html

Daily Voice | Forecast 4 rate hikes by RBI in FY23, India less attractive compared to other Asia markets, says Hou Wey Fook of DBS Bank

The potential challenges to global markets for the rest of 2022 include: (a) escalation in the Ukraine-Russia crisis, (b) overtightening of monetary policies by the major central banks, (c) surprise outcomes in the US mid-term election, and (d) further spike in energy prices.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-forecast-4-rate-hikes-by-rbify23-india-less-attractive-compared-to-other-asia-markets-says-hou-wey-fookdbs-bank_16255521.html

MC Interview | RBI may raise repo rate by 50 bps in second half, says Unmesh Kulkarni of Julius Baer India

While companies more vulnerable to input cost pressures have been gradually taking price hikes, the entire pass-through may happen with a lag in the current weak demand environment. The margin pressure could possibly be visible for a couple of quarters

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/mc-interview-|-rbi-may-raise-repo-rate-by-50-bpssecond-half-says-unmesh-kulkarnijulius-baer-india_16253521.html

We can have a #39;melt-up#39; in equities in 2024, says S Naren of ICICI Prudential MF

Naren warned that the next 18 months will be dominated by continuous interest rate hikes in the US and India.

from Moneycontrol Market Outlook https://ift.tt/H8xy1lh

We can have a #39;melt-up#39; in equities in 2024, says S Naren of ICICI Prudential MF

Naren warned that the next 18 months will be dominated by continuous interest rate hikes in the US and India.

from Moneycontrol Market Outlook https://ift.tt/VlzLjqQ

Daily Voice | See Nifty at 20,200 by FY23-end but the journey for market will not be smooth, says Nishit Master of Axis Securities

We like large-cap IT names as the current risk-reward profile of IT large-caps is better than tier-II IT stocks, which are more expensive.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-see-nifty-at-20200-by-fy23-end-butjourney-for-market-will-not-be-smooth-says-nishit-masteraxis-securities_16251541.html