Arun Chulani of First Water Capital Fund prefers to look at the long term and believes that the Indian growth story will continue despite the near-term headwinds.
Wood mentioned that the Indian stock market has shown phenomenal resilience amid global headwinds and significant monetary tightening cycle by the central bank.
In an interview with CNBC-TV18, managing director Arun Jain said high inflation in the European market had hit the company slowing down decision-making
India is in a relatively different economic cycle than some other Emerging Markets, says Arvind Chari of Q India (UK).
With India being the only large economy in the world that can confidently grow at 5 percent or more, the FDI and FPI flows shall continue to grow strongly, said Raghvendra Nath, Managing Director of Ladderup Wealth Management.
Kunal Valia of Waterfield Advisors expects central banks to remain on a hiking path, with policy rates expected to rise to a higher level than anticipated last quarter. Kunal Valia of Waterfield Advisors expects central banks to remain on a hiking path, with policy rates expected to rise to a higher level than anticipated last quarter.
Growth coupled with gross margin expectation improvement should provide support to the market in the volatile global environment, he says.
DBS remains neutral in the Indian market with a preference for selected opportunities in banks and consumer discretionary sectors and FMCG stocks, driven by resilient domestic demand.
Satish Ramanathan of JM Financial believes India will benefit from good growth as China 1 and PLI benefits start helping Indian companies scale up to the next leve
A stabilised inflation scenario as compared to other countries and sustainable growth in earnings of Indian companies have given FIIs more reasons to rely on India’s fundamentals, says Ajay Garg of SMC Global Securities
Gains in global markets came even as geopolitical and economic challenges continued to plague investor sentiment. However, actions taken by central banks and governments seem to have calmed nerves
Sushant Bhansali of Ambit Asset Management believes banks offer a lot of value to these levels, Auto sector is coming out of a slowdown after a long time and domestic consumption continues to look strong. IT can be a dark horse with a 2-3 year view.
Corporate earnings are coming in strong from the consumption and banking sectors. Due to the commodity price correction, the metals and Oil Gas sectors will be the laggards.
The real estate sector continues to face liquidity challenges, hence investors should focus on having a balanced asset allocation approach instead of going after real estate, says Anand Varadarajan, director, Asit C Mehta Financial Services
Naveen Kulkarni of Axis Securities PMS says the next year will be driven by various macro challenges and companies with stronger balance sheets will deliver solid returns
Prince Max von und zu Liechtenstein, LGT Group Chairman, told Moneycontrol that the private banking and wealth management business in India has a lot of potential to grow organically
A burgeoning trade deficit, faster currency depreciation, continued FII outflows and dwindling liquidity impacting credit growth other headwinds barring inflation and interest rate hike decisions, says Gopal Kavalireddi of FYERS.
Rahul Singh of Tata Mutual Fund says some form of recession is a given. However the debate is between whether it will be a soft landing (shallow short recession) or a hard landing (long deep recession).
Andrade mentioned that investors will not get stocks at cheap prices in India, adding that they need to wait for some time and good news is not far away
Divam Sharma of Green Portfolio believes that India should attract a higher FPI allocation among the developing market peers considering its tailwinds and should outperform in this rally.
PGIM is also positive on the auto sector but given the strong run-up prefers to be choosy and adopt a more bottoms-up approach to it Andrade mentioned that investors will not get stocks at cheap prices in India, adding that they need to wait for some time and good news is not far away PGIM is also positive on the auto sector but given the strong run-up prefers to be choosy and adopt a more bottoms-up approach to it
From current levels, the market should deliver 15 percent in the next year. In other words, Nifty is expected to be in the 19,000-20,000 range by next year.
Siddharth Bothra of Motilal Oswal AMC says they do not spend much time trying to predict these global top down macro issues. Rather their effort is on finding few relatively insulated bottom-up investment ideas.
Assessing the prospects of IT stocks from a medium to long-term perspective, Saurabh Mukherjea said that companies like TCS, Infosys and HCL Tech have been performing well.
The possibility of a bigger correction in equities cannot be ruled out considering that India is staring at inflation of 7.4 percent even after many interest rate hikes, says Ramkumar K of Reliance General Insurance Co.
Talking about the Indian market, Mahesh Patil said that he sees the current market scenario to be upbeat, but would remain cautious due to the ongoing global slowdown and the sharp increase in interest rates by major global central banks.
We have seen the rupee depreciating against US Dollar, and Nishit Master of Axis Securities PMS believes this depreciation can continue for some more time till US Fed keeps tightening liquidity conditions.
Definitely, the IT space is today a much better pack in terms of relative valuation to be considered than what it was maybe about a year ago, he adds.
Fake accounts and channels on various online platforms are selling investment advisory and portfolio managements services
Subramaniam plans to focus more on domestic-oriented sectors as he believes that India will be an attractive market
Given the possibility of higher interest rates globally and uncertainty on growth in the developed geographies like US and Europe, equity markets may remain volatile in the near term. Geopolitical tensions remains the other key risk to monitor.
Kunal Bhakta of First Water Capital says the RBI has behaved in quite a calibrated manner and will continue to drive India#39;s monetary policy prudently.
Looking at high-frequency indicators, "all-in-all there are no serious red flags for India", says Sonthalia
“Sterlite Tech Ltd is working closely with network creators in Australia to help build advanced optical networks...we will support Vocus in this rollout and help them deliver high speed, high capacity networks for the country," said Paul Atkinson, CEO of optical networking business, STL.
Pharma sector had outperformed Nifty by 12 percent in 2020 (since start of pandemic), on account of being a direct beneficiary of the Covid and also as investors rushed towards safety during this uncertain period.
In the near term, the RBI will have to raise rates on the supply side, which can result in a temporary slowdown but it will not affect growth in the medium term, says ITUS Capital founder Naveen Chandramohan
Sectors that focus on domestic growth such as banks, autos and engineering can see a multi-year upcycle in the Indian economy, said Guarav Dua of Sharekhan
The head of products and market strategist at DSP MF is not perturbed by the macroeconomic chaos given that he sees India’s corporate sector coming through on their earnings promise
The US Dollar index, which measures the currency against a basket of other major currencies, has soared to its highest levels not seen since George W Bush’s first term as the US President.
Talking about crude oil prices, Matthews said that production cuts from OPEC will lead to a surge in prices, which will eventually lead inflation higher
"Global geo politics and a general risk off environment can also have an impact on all emerging markets including India," Tyagi said.
Market Minutes is a morning podcast that tracks risk-reward in stock markets by shining the spotlight on key data points and developing trends.
Vikas V Gupta, CEO Chief Investment Strategist of OmniScience Capital, says inflation numbers are likely to keep cooling and it is unlikely that the RBI will follow with stronger-than-expected rate hikes, except to support the rupee against the US Fed’s actions
Market Minutes is a morning podcast that tracks risk-reward in stock markets by shining the spotlight on key data points and developing trends. Market Minutes is a morning podcast that tracks risk-reward in stock markets by shining the spotlight on key data points and developing trends.
While the market is expected to perform better, it would be good to go sector-specific and with individual company performances, according to Vikram Kasat. While the market is expected to perform better, it would be good to go sector-specific and with individual company performances, according to Vikram Kasat.
