Most of the exit polls suggest a victory for the BJP in the state elections in Gujarat. A victory for the BJP will be received well by the market while a surprise defeat would be a large negative surprise for the market.
The Nifty might give you a 15 percent return in the next one year, but there will be companies which will be multibaggers and investors need to focus on those companies, said Sandeep Raina, Deputy Vice President at Edelweiss Broking.
We do expect the government of India to announce a further increase in the FII limits for bonds in the Budget because we are currently getting capped at 5 percent, said Dhawal Dalal, CIO-fixed income at Edelweiss Asset Management Company.
Events usually attract attention for the bulk of investors and traders with intentions to a) Hedge a likely risk b) Generate returns from a directional forecast on outcome c) Make money from a forecast on volatility.
The Nifty continued the pullback of last week and ended above 10,300. We believe that the index is in a consolidation zone above 10000 and should eventually move towards 10600, says Amit Gupta of ICICIdirect.com.
The market is now waiting for the earnings recovery to happen and if that is not earlier than Q2, Q3 of FY19 then markets may not have reason to go up drastically, said Prasanth Prabhakaran of YES Securities.
Watch the interview of Saurabh Mukherjea of Ambit Capital with Anuj Singhal and Surabhi Upadhyay on CNBC-TV18. Speaking about the Gujarat elections, Mukherjea said, 'there will be a general sense of relief in the market on the back of the Gujarat results if indeed the results are inline with exit polls.'
While the equity markets and rupee have held their ground, the "cautious mood" is most palpable in the debt markets, the multinational banking and financial services corporation said in a daily market report.
More than anything else, India needs restoration of the 7 percent to 7.5 percent GDP growth trajectory because we have got almost all our macroeconomic parameters right.
Sridhar Sivaram expects earnings to lead the market ahead, posting a growth rate of 10-12 percent for the current fiscal.
When one talks about growth for a country like India one cannot overlook the energy demand, said Vineet Bhatnagar, MD & CEO, PhillipCapital
We are looking at earnings revival going forward. We think that a steady state growth is not more than 10 percent and that is what quite lower than what consensus estimates are or have been.
In an interview to CNBC-TV18, Jeff Chowdhry, Senior Portfolio Manager at LGM Investments shared his views and readings on the market and Gujarat election.
It is true that deploying money in this market has become definitely challenging but IPOs and divestments provide great opportunity, said Nilesh Shah MD, Kotak Mahindra AMC
One can be comfortable about earnings (growth), but we cannot be sanguine about what is happening externally (global markets), he said.
Overall, we expect Nifty to trade in a broad range of 10,000-10,400 levels where any pullback towards 10,350-10,400 can be used to exit from trading longs and initiating fresh shorts.
PSU banks are still an avoid, said Nishcal Maheshwari because recapitalisation may not help them come back strongly and will continue to lose market share.
Apollo Hospitals, Fortis Healthcare, Dr Agrawals Eye and Kovai Medical will get astrological support, says Satish Gupta of astrostocktips.
Globally, the markets are cheering the 25 basis points (bps) rate hike by the Federal Reserve. In an interview with CNBC-TV18, James Sullivan of JPMorgan gave his take on the Fed's move and its impact on global equities.
We expect the index to form a base around 10,000 levels ahead of the Gujarat elections outcome being the strong support in the near-term.
Dollar strengthening with tax cuts and rising commodity prices could be risk factors for India next year
Any dip near 10,000 levels will be a good buying opportunity for the buyers whereas traders can create fresh long positions above 10350 levels.
The US Federal Reserve followed through on an expected interest-rate increase and raised their forecast for economic growth in 2018. The Central Bank has also projected for three hikes in the coming year. In an interview with CNBC-TV18, Shane Oliver, Head - Investment Strategy & Chief Economist at AMP Capital Investors, Seth R Freeman, CEO and Chief Investment Officer at EM Capital Management, Katalin Gingold of Cartica Capital and Mark Matthews of Bank Julius Baer shared their views and readings on the same.
Unless we have a very specific India event, we will follow the world, sometimes outperforming, sometimes underperforming, said Samir Arora, Founder, Helios Capital.