Expenditure on infrastructure and rural economy will be the key focus area in the upcoming Budget while LTCG implementation seems unlikely for FY19, Sahil Kapoor, Chief Market Strategist, Edelweiss Investment Research, said in an exclusive interview with Moneycontrol’s Kshitij Anand.
"Each investor has a different behaviour and risk appetite. Based on their preferences of the trade-off between risk and reward, one of the above Exit Styles can help," says Shubham Agarwal, CEO & Head of Research at Quantsapp Private Limited.
"We are starting to see a bottoming out of corporate earnings in India, and expect the earnings to rise in second half of FY18 and pick-up more meaningfully in FY19," says Sampath Reddy Chief Investment Officer, Bajaj Allianz Life Insurance.
he market could see some more volatility, so prudent to stick to the format the investor is comfortable with, said Dhimant Shah, Senior Fund Manager, Equities, Principal PNB AMC.
Going forward, Nifty has crucial support zone around the 10,750 levels. PSU Banks were the weakest link as they contributed highest to the sharp fall while Private Banks held partial gains ending in the green.
The banking sector has been the center of focus as the government mulls a mega foreign direct investment (FDI) push in the sector, weighs options to allow 100 percent FDI in private banks and 49 percent FDI in public sector undertaking (PSU) banks. In an interview with CNBC-TV18, Suresh Ganapathy, Banking Analyst at Macquarie Capital Securities shared his take on the likely impact.
We expect that Nifty will continue to trade in a broad range of 10,880-10,660 levels but in this 200-point band. It will be quite volatile.
Nifty Future is opening gap up by 26 points against yesterday’s close 10810 as indicated by SGX Nifty which is currently trading at 10836, says Dynamic Levels.
This could be an excellent time to make money in frontline quality stocks, which are available at a PE multiple of 12 to 20, said SP Tulsian.
Among specific names, he is upbeat on HCL Tech, with durable growth prospects and ‘mouthwatering’ valuations.
We expect the index to trade on a positive note towards 10,900, so any dip towards 10,700 levels will be again buying opportunity for near term.
"The close at all-time high levels clearly signifies sturdy resilience, which augurs well for the market to head towards our earmarked target of 10,836 coinciding with an upper band of rising channel. Hence, we believe any dip towards 10,710 should be capitalised for an incremental buying opportunity in upcoming sessions," says Dharmesh Shah, Head Technical, AVP at ICICI Direct.com Research.
Sushil Finance feels infra as a theme could see major benefits in the Budget.
Nifty Future is opening gap up by 59 points against yesterday’s close 10792 as indicated by SGX Nifty which is currently trading at 10851, says Dynamic Levels.
Liquidity can take the market further up for a while longer but one should keep an eye on the fundamentals and not just go along with liquidity, says market expert Ambareesh Baliga.
Going forward, on the contrary, the macro picture should improve meaningfully going forward.
In what is a boost for the bond market, government re-assessed additional borrowing needs. In an interview with CNBC-TV18, Ashish Parthasarthy, Treasurer at HDFC Bank and Sahil Kapoor Chief Market Strategist at Edelweiss Broking discussed the impact.
The house has a negative view on gold for Q4 of this year and expect it to trade around to trade around USD 1200-1250 per ounce, said Mark Keenan, Head of Commodities Research - Asia, Societe Generale.
"Looking at futures open interest and other derivative data, we expect Nifty to consolidate in the range of 10,600 to 10,800 levels with a positive bias. Any dip in prices should be used as a buying opportunity as 10,550 to 10,600 spot levels should act as strong support," says Shitij Gandhi, Senior Research Analyst, SMC Global Securities Ltd.
Any element of negative newsflow is only going to drive the yields higher, said Amandeep Chopra, Group President & Head of Fixed Income, UTI MF.
A further rise in volatility could be a cause of concern for bulls. Thus, traders need to be cautious in the market and need to follow strict stop loss.
Nifty Future is opening gap down by 1 points against Friday’s close 10709.55 as indicated by SGX Nifty which is currently trading at 10708, says Dynamic Levels.
He expects Nifty to end the year between 12,200 and 12,400, with earnings and private investments supporting next leg of growth.
Yes….albeit with higher volatility. Year End target is around 12000 for Nifty which is 17 X estimated Nifty EPS for FY20. We expect nifty earnings growth to be robust for next 2-3 years so a 17 multiple on forward earnings should be reasonable.
Rupee slips to 3-week low and trades at the lowest levels since December 29, 2017. In an interview with CNBC-TV18, Ananth Narayan, Market Expert and Bhaskar Panda of HDFC Bank explain more on the impact of rising yields and weakening rupee.