Nifty at all-time high: Earnings growth can overshoot on the upside, not fully priced in by market, says Ridham Desai

Over the next four year, earnings growth can exceed 20 percent on an annualised basis, Morgan Stanley’s managing director and head of research has said

from Moneycontrol Market Outlook https://ift.tt/xv594Fp

Daily Voice | Why this market veteran is overweight on domestic cyclicals but finds FMCG not attractive

Alok Agarwal of Alchemy is positive on the Power sector. Within that, he is also positive on green energy/ renewable energy (RE).

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-why-this-market-veteran-is-overweightdomestic-cyclicalsfinds-fmcg-not-attractive_17355891.html

How to trade Nifty in Dec? Watch out for poll results, check out seasonal sectors: Experts

NSE Nifty 50 has remained mostly indifferent in the month of December. Market experts advise to watch out for election outcomes, sectors that get seasonal boost and to wait for correction in recent outperformers

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

Daily Voice | Investors should focus on banks with lower costs of funds, says this CIO

Certain PSU banks still have room to grow, hinting at their potential for further gains, says Rajesh Bhatia of ITI Mutual Fund.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-investors-should-focusbankslower-costsfunds-says-this-cio_17355471.html

Nifty@20k: Earnings growth can overshoot on the upside, not fully priced in by market, says Ridham Desai

Over the next four year, earnings growth can exceed 20 percent on an annualised basis, Morgan Stanley’s managing director and head of research has said

from Moneycontrol Market Outlook https://ift.tt/VPs8emB

Stocks in news: Zomato, Aster DM Healthcare, PCBL, IREDA, Siemens

Tata Power's renewable energy arm gets a letter of award for development for a 200 MW firm and dispatchable renewable energy project with SJVN.

from Economic Times https://ift.tt/8aUb3wJ

Nifty @20k: Midcap space exciting, see opportunities in real estate, telecom space: Yes Securities’ Amar Ambani

There is liquidity, both global and local, and the midcap, smallcap space will continue to be robust at least for the next three years at least, says Ambani. Consolidation in the real-estate segment could make it attractive in the coming days, he says.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/nifty-@20k-midcap-space-exciting-see-opportunitiesreal-estate-telecom-space-yes-securities’-amar-ambani_17353781.html

Daily Voice | Downside risk limited for Nifty, focus on state polls results in short term, says this CIO

The travel and entertainment theme has a great future with India#39;s per capita income going past the survival levels, says Narnolia Financial Services CIO Shailendra Kumar

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-downside-risk-limited-for-nifty-focusstate-polls-resultsshort-term-says-this-cio_17353461.html

Morgan Stanley#39;s Ridham Desai shares how market prices in #39;continuity#39; ahead of polls

The outcome of the general elections next year will be a key event risk for India as the bullish narrative surrounding India’s growth is seen as an outcome of the current administration’s ability to push ahead with the policies, initiatives to propel growth

from Moneycontrol Market Outlook https://ift.tt/0sOx6Xw

Daily Voice | FII inflow set to rise post election uncertainty, says Shreyas Devalkar of Axis MF

Apart from FII flows, we have been witnessing good inflows from DIIs and rapid mobilisation of household savings that limits volatility, says Shreyas Devalkar of Axis MF.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-fii-inflow-set-to-rise-post-election-uncertainty-says-shreyas-devalkaraxis-mf_17351491.html

Daily Voice | What makes this investment advisor bullish about rebound in global growth next year

Indian equities will continue to show strength on the back of strong earnings as well as easing of global macro conditions and 2024 will be a good year for the market, says Devang Mehta.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-what-makes-this-investment-advisor-bullish-about-reboundglobal-growth-next-year_17350691.html

Daily Voice | Investment expert sees Fed confirming end to rate hike cycle in December meeting

Inflation has come down while economy is showing a 3 percent growth. This is more like a best-case scenario for the US, says Divam Sharma.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-investment-expert-sees-fed-confirming-end-to-rate-hike-cycledecember-meeting_17350141.html

Daily Voice | This portfolio manager foresees a sustained IPO boom for years, not just this quarter

Tata Technologies is among the leading companies in the engineering research and design sector which has seen a boom in recent years, says Darshan Engineer.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-portfolio-manager-foreseessustained-ipo-boom-for-years-not-just-this-quarter_17349851.html

Right time to invest in fixed income for stability, says LIC Mutual Fund#39;s Marzban Irani

LIC Mutual Fund CIO (Fixed Income) Marzban Irani feels this is the best time to invest in debt as yields have peaked at 7-7.5 percent, and that a tenor of three to five years is the sweet spot

from Moneycontrol Market Outlook https://ift.tt/V6AYdyi

Daily Voice | This equity veteran pins hopes on resilience of US economy for markets to stay buoyant

With US elections next year, the incumbent President would not like to have a recession and high unemployment at the time voting, says Satish Ramanathan.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-equity-veteran-pins-hopesresilienceus-economy-for-markets-to-stay-buoyant_17347221.html

Daily Voice | Risk-on rally likely as inflation eases in run-up to polls, says this investment expert

Mayank Mehraa is bullish on new-age companies that have the potential to become multi-decadal opportunities.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-risk-on-rally-likely-as-inflation-easesrun-up-to-polls-says-this-investment-expert_17344461.html

Thanks to SEBI, markets are safe: Motilal Oswal’s Raamdeo Agrawal lauds digital control

Motilal Oswal’s Raamdeo Agarwal weighs in on capital markets regulator SEBI#39;s contribution in making investing safer, and why it’s an exciting time to be in the markets.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/thanks-to-sebi-marketssafe-motilal-oswal’s-raamdeo-agrawal-lauds-digital-control_17343361.html

Stocks in news: Airtel, Titan, Maruti Suzuki, BPCL, TCS, Wipro

Adani Enterprises arm Adani Defence Systems has signed a shareholders agreement and share subscription agreement with Elbit Systems, Israel.

from Economic Times https://ift.tt/lW127eZ

Daily Voice | Here#39;s why this market veteran thinks Tata Tech IPO can be a multi-year growth story like TCS, Elxsi

The business model for Tata Technologies IPO looks robust and can be a money compounder keeping a three to five-year view in mind, Amit Jain says. The IPO, teh first from the Tata group in 20 years, opened for subscription today

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-here39sthis-market-veteran-thinks-tata-tech-ipo-can-bemulti-year-growth-story-like-tcs-elxsi_17341311.html

Stocks in news: SBI, Coal India, ONGC, SpiceJet, RateGain Travel, BSE, Oberoi Realty

The government on Monday appointed Vinay M. Tonse as the Managing Director of the lender until November 30, 2025.

from Economic Times https://ift.tt/Nwcnu4S

Daily Voice | This investment professional lists 3 risks that may derail India growth story

Indian growth story is expected to remain strong on the back of strong consumption demand and robust capex growth, says Akhil Bhardwaj.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-investment-professional-lists-3-risks-that-may-derail-india-growth-story_17338371.html

Daily Voice | Tata Technologies a good business to own, valuations look cheaper, says this equity expert

The valuations of Tata Technologies IPO appear to be around 27x 1 year forward, which is cheaper than the comparable listed companies, says Dhananjay Sinha.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-tata-technologiesgood-business-to-own-valuations-look-cheaper-says-this-equity-expert_17335681.html

Daily Voice | Tata Technologies a good business to own, valuations look cheaper, says this analyst

The valuations of Tata Technologies IPO appear to be around 27x 1 year forward, which is cheaper than the comparable listed companies, says Dhananjay Sinha.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-tata-technologiesgood-business-to-own-valuations-look-cheaper-says-this-analyst_17335681.html

Stocks in news: SBI Cards, Adani Power, L&T, Vedanta, Tech Mahindra, Bank of Baroda

Two promoter group entities in Adani Power Ltd acquired 2% additional stake in the company in a staggered manner since September through the open market. Following this, the cumulative shareholding of promoters has increased to 71.14%.

from Economic Times https://ift.tt/L85V3w4

Daily Voice | This investment strategist is optimistic about IT firms, expects a happier 2024

Anyone who is not interested in the AI disruptors is likely to see their portfolio companies getting disrupted and that won’t be pleasant for them, says Vikas Gupta of OmniScience Capital

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-investment-strategist-is-optimistic-about-it-firms-expectshappier-2024_17335261.html

Want to invest in AI in India? Here are top stocks with artificial intelligence play

AI is finding demand among various Indian companies for technology, sales, customer support and marketing. These stocks may gain from the artificial intelligence play.

from Moneycontrol Market Outlook https://ift.tt/9GW4PeH

Daily Voice | This fund manager explains what to look for in 5 IPOs opening next week

The FMCG sector in India shows promising signs of a rally in the coming months, potentially starting as early as next month or at the onset of the next calendar year, says Sonam Srivastava of Wright Research.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-fund-manager-explainsto-look-for5-ipos-opening-next-week_17334951.html

UBS tags India as ‘least attractive’ market, warns of poll risks, crude surge

Morgan Stanley and Barclays bet on domestic cyclical including financials, consumer and industrial stocks.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/ubs-tags-india-as-‘least-attractive’-market warnspoll-risks-crude-surge_17334811.html

UBS brackets India as ‘least attractive’ market, analysts warn of election and oil price risks

Morgan Stanley and Barclays bet on domestic cyclical including financials, consumer and industrial stocks.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/ubs-brackets-india-as-‘least-attractive’-market analysts-warnelectionoil-price-risks_17334811.html

Stocks in news: Delhivery, RIL, Jio Fin, Airtel, IDBI Bank, Hero MotoCorp, Page Inds

Subsidiary Reliance Jio Infocomm added 32.4 lakh users in August, and its wireless subscriber tally topped 44.57 crore, according to data released by telecom regulator TRAI.

from Economic Times https://ift.tt/rBO1Ak0

Two risks to equities in 2024 but stay invested and keep some powder dry, says Barclays

Indian equities have outperformed world markets for another year in 2023, continuing its winning run post Covid 19-led crash. The cautiousness expressed by the investment bank mirrors scepticism over continued outperformance.

from Moneycontrol Market Outlook https://ift.tt/yBIEQ9g

RBI tells Bajaj Finance to stop ‘eCOM’, ‘Insta EMI’ loans

Last month, the RBI banned public sector Bank of Baroda (BoB) from onboarding any new customers onto its 'bob World' mobile application three months after a news network said the bank linked bank accounts to unregistered mobile numbers and signed them up to the application. Earlier in December 2020, the RBI had banned HDFC Bank the largest issuer of credit cards in the country, from issuing new cards and introducing digital products after multiple systemic glitches were reported in the preceding two years. The ban was lifted in August 2021.

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

Bank of Baroda board to meet on November 18 to consider infra bond issue

According to news reports, the public sector lender is looking at raising about Rs 10,000 crore through infrastructure bonds. As of September-end, the bank’s capital adequacy ratio as per Basel-III requirements was 15.30%, compared to 15.25% a year ago. The CET 1 ratio stood at 11.57%, compared to 10.95% a year ago. The additional tier-I ratio as of September end was 1.62%, compared to 1.86% a year ago.

from Economic Times https://ift.tt/8wU3JtA

Chinese stocks to outperform Indian peers next year: UBS

UBS analyst Sunil Tirumalai says Chinese equities are priced in the negative ques and is ready to perform while Indian equities are expensive and may not able to maintain their growth rate

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

Daily Voice | Returns in largecaps look good. This strategist suggests to book profits in mid, smallcaps

The outlook for the consumption space is weak, but some bounce could be seen ahead of the elections if the government announces policies to revive consumption, says Jitendra Gohil of Kotak Alternate Asset Managers.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-returnslargecaps-look-good-this-strategist-suggests-to-book-profitsmid-smallcaps_17328261.html

Active equity leads way in funds inflow, more investors exit debt funds: Motilal Oswal

Over the last 10 years, the mutual fund industry has grown over five-fold, with assets growing from Rs 8.3 lakh crore in December 2013 to Rs 46.4 lakh in September 2023

from Moneycontrol Market Outlook https://ift.tt/IR2kHZW

Investors think equities riskless but money flow will change once they realise otherwise: S Naren

People are conditioned by the past and they haven’t seen a major down year since 2011, therefore think that the market may never fall. It’s when people think that markets will never fall, it is less safe, says the veteran investor

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

Daily Voice | Delayed impact of higher rates a bigger risk than geopolitics, says Mark Matthews of Julius Baer

If the dollar softens next year as is our expectation, and Chinese stocks remain off-limits to foreign investors due to geo-politics and the slow economy there, then foreign money should flow to Indian stocks, says Mark Matthews of Julius Baer.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-delayed-impacthigher-ratesbigger-risk-than-geopolitics-says-mark-matthewsjulius-baer_17324451.html

Samvat 2080: It#39;s not easy to make money in a tough market like today#39;s, says S Naren

In an interview with Moneycontrol, he said the markets are no longer cheap nor is there fear on the street, the two conditions that create the condition for lucrative returns in stock markets.

from Moneycontrol Market Outlook https://ift.tt/p6yAMD8

Daily Voice | This capital market expert strikes gold in new-age tech space for Samvat 2080

Samvat 2080 could mark a new era for Gold, says Shiv Sehgal of Nuvama.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-capital-market-expert-strikes-goldnew-age-tech-space-for-samvat-2080_17323731.html

Daily Voice | Samvat 2080 should be better than past year with largecaps rebound, says Santosh Joseph of Refolio

In the given circumstance and current scenario, it is more or less likely that the present government will have a higher chance at winning peoples mandate to form the Government, says Santosh Joseph of Refolio.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-samvat-2080-should-be-better-than-past-yearlargecaps-rebound-says-santosh-josephrefolio_17319601.html

Be overweight on largecaps, equal-weight midcaps and underweight smallcaps, says Kotak’s Nilesh Shah

Small cap stocks are at about 20 premium over the historical average. Earnings growth in small and mid-cap stocks will likely outpace large cap names, but the certainty of large cap earnings growth is far higher, said Shah

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/be-overweightlargecaps-equal-weight-midcapsunderweight-smallcaps-says-kotak’s-nilesh-shah_17319131.html

Markets unlikely to see major drawdown unless macros managed badly: S Naren

In India, the interest rate hike has been very little, because macro has been managed much better, Naren says.

from Moneycontrol Market Outlook https://ift.tt/IULd5v7

Diwali Picks: Anand Rathi is betting on MM, IDFC First Bank more for glittering returns

Analysts at Anand Rathi like Mahindra Mahindra, IDFC First Bank, TVS Motor Company, DLF, among 6 other stocks that serve as investment opportunities for the Diwali season of 2023.

from Moneycontrol Market Outlook https://ift.tt/2mGCThX

Which Asian country has got Franklin Templeton excited? Stephen Dover talks about the next big opportunity

Despite all its shortcomings, the US is still a safe haven to invest, says Stephen Dover, Chief Market Strategist of Franklin Templeton Institute. But he is just about getting excited about the prospects of Japanese stock markets. And he says India deserves to be overweight upon.

from Moneycontrol Market Outlook https://ift.tt/tZm9cYs

In US, firms outside Magnificent Seven will digitally disrupt, make money: Stephen Dover of Franklin Templeton

Despite all its shortcomings, the US is still a safe haven to invest, says Stephen Dover, Chief Market Strategist of Franklin Templeton Institute. But he is just about getting excited about the prospects of Japanese stock markets. And he says India deserves to be overweight upon.

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

Daily Voice | A market veteran chooses these three sectors to make his Diwali hotlist

If the Fed can still succeed in a soft landing, that would be a dream outcome for everyone, says Srikanth Subramanian of Kotak Cherry.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-a-market-veteran-choosesthree-sectors-to-make-his-diwali-hotlist_17310181.html

Earnings growth worrisome, FIIs may find stocks expensive; recovery relies on festive demand: Ambit

Dhiraj Agarwal of Ambit Investment Managers flags caution about earnings, weak topline growth, and stagnant foreign investment in India#39;s stock market. While the upcoming festive season may aid in market recovery the government capex may soften in Q4 FY24 and FY25

from Moneycontrol Market Outlook https://ift.tt/q5mZ2OU

Daily Voice | Why this fund manager sees banks, NBFCs contributing to incremental earnings

Banking sector continued to witness robust loan growth and steady asset quality.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-why-this-fund-manager-sees-banks-nbfcs-contributing-to-incremental-earnings_17305991.html

Daily Voice | Anirudh Garg of Invasset PMS explains why he is not bullish on FMCG space for next couple of years

Within the defensive sectors like IT, FMCG, and pharma, the belief is that the pharmaceutical sector (pharma) might take the lead, followed by FMCG and IT, says Anirudh Garg of Invasset PMS.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-anirudh-garginvasset-pms-explainshe-is-not-bullishfmcg-space-for-next-coupleyears_17301501.html

Daily Voice | This investment analyst bets on pharma, speciality chemicals, finished metal goods

Abhishek Banerjee is very bullish on sectors that have higher operating leverage and can increase their return on installed capacity quickly.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-investment-analyst-betspharma-speciality-chemicals-finished-metal-goods_17300851.html

Daily Voice | This fund manager would still price in current government returning to power in 2024

If an investor takes a slightly medium-term view over the next 2-3 years, Naveen Chandramohan believes, infrastructure and power will continue to surprise on the upside.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-fund-manager-would-still-pricecurrent-government-returning-to-power2024_17300571.html

CA Rudramurthy on why FII short covering will take market to new highs

“I feel the bottom has already been made. All the bad news is already in the price. Now we are getting global market support as well. Historically, 10 out of 11 times from November to the pre-election which is coming somewhere in May-June 2024, the six-month period has always given a rally of about 10% to 30%.”

from Economic Times https://ift.tt/j1BET0h

India among best places in emerging markets, macro economy stable: Chetan Ahya of Morgan Stanley

In terms of the investment opportunity for investors, it is hard to find this kind of nominal GDP growth opportunity around the world, which India offers, Ahya says

from Moneycontrol Market Outlook https://ift.tt/va9pPXB

Daily Voice | Expect no FY24 Nifty50 earnings estimate cuts, says Devender Singhal at Kotak AMC

The corporate earnings season so far has been broadly good. There are more companies delivering results which were better than the estimates than the other way round, says Devender Singhal.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-expect-no-fy24-nifty50-earnings-estimate-cuts-says-devender-singhal-at-kotak-amc_17298461.html

Daily Voice | Building quality long-term portfolio or timing the market? Here#39;s what this analyst suggests

Sushant Bhansali of Ambit advises using any meaningful correction as an opportunity to build long-term positions.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-building-quality-long-term-portfolio-or-timingmarket-here39sthis-analyst-suggests_17295291.html

Pope Francis says two-state solution needed for Israel-Palestine

In an interview with Italian state television RAI's TG1 news channel, Pope Francis also said he hoped a regional escalation could be avoided in the conflict that began when Hamas militants entered Israel, killing some 1,400 Israelis, mainly civilians, and taking about 230 hostages.

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

Musk & Tesla see combined $100 bn wealth erosion since Twitter takeover

Elon Musk's net worth and Tesla's market cap have seen a combined loss of about $100 billion since he took over Twitter in October-end last year. This is in addition to X's (formerly Twitter) valuation markdown to $19 billion. Musk spent $44 billion on Twitter a year ago to allow more free speech and turn it into an 'everything app'. (Source: NYT News Service, finitiv, Bloomberg, TOI)

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

#39;Volatility isn’t hostile, it is beneficial for investors,#39; says InCred Asset Management’s Mrinal Singh

Markets do respond in the near term to fears, but the most seasoned investors will continue to focus on profitability or earnings even during this time, Singh says.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/39volatility-isn’t-hostile-it-is-beneficial-for-investors39-says-incred-asset-management’s-mrinal-singh_17294161.html

#39;Volatility isn’t hostile, it is beneficial for investors,#39; says InCred AMC’s Mrinal Singh

Markets do respond in the near term to fears, but the most seasoned investors will continue to focus on profitability or earnings even during this time, Singh says.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/39volatility-isn’t-hostile-it-is-beneficial-for-investors39-says-incred-amc’s-mrinal-singh_17294161.html