Helios Cap’s founder and fund manager believes that June has been a good month so far. He also keeps an eye on the fund flows by investors as they cannot be completely relied on yet.
Laurence Balanco of CLSA said recent divergence suggests the market is due a pause/correction in the short term.
In an interview to CNBC-TV18, Mark Matthews of Bank Julius Baer & Co spoke about the latest happenings in the global markets.
Global guru Mark Mobius, Executive Chairman of Templeton Emerging Markets Group believes that the impact of China's MSCI inclusion will be gradual. But fears that China weightage could go up to 40 percent and that will not be good for emerging market investors.
In a booster shot for the Chinese stock market, MSCI plans to add mainland Chinese shares to its benchmark emerging market index. In an interview to CNBC-TV18, Jonathan Garner, Chief Asia and EM Equity Strategist at Morgan Stanley shared his views and readings about what will this do to the other emerging markets like India.
Neelkanth Mishra of Credit Suisse said that the momentum was weak and broader economy was unlikely to pick up any steam. He suggests looking at stocks or sectors that offer supernormal growth.
Bharat Iyer of JP Morgan feels equity markets appear fully valued on a near-term basis.
Assuming these are staggered over five years, the annual rise in consolidated fiscal deficit works out to 25 bps of GDP, CLSA said.
In an interview to CNBC-TV18, Adrian Lim, Investment Manager-Asian Equities at Aberdeen AMC spoke about Indian IT sector at length.
In an interview to CNBC-TV18, Richard Harris, Chief Executive at Port Shelter Investment Management shared his readings and views of Fed’s action yesterday.
In an interview to CNBC-TV18, Mixo Das of Nomura spoke about the latest happenings with regards to the Fed meet.
In an interview to CNBC-TV18, Moshe Katri, MD of Wedbush Securities spoke about the latest happenings in the IT sector and specifically about Infosys.
Abhay Laijawala believes the trend in public investments will get complemented with a gradual pick up in private sector capex.
US Fed meet is completely irrelevant now, Viktor Shvets of Macquarie told CNBC-TV18. He thinks, the more they tighten, the more the yield curve flattens.
There is a possibility that Nifty come back to 50-days moving average around 9000-9100 which would be more of buying opportunity.
Exit polls suggest that Theresa May's Conservative Party may be on course to lose its majority in the British Parliament. Betting odds call Jeremy Corbyn as the favourite to be next UK leader!
The March quarter results suggest earnings recovery gathering pace while overall MSCI India 4Q results came largely in-line with consensus.
Higher inflows are the reason for premium valuations, Mahesh Nandurkar of CLSA said.
“Yesterday after the policy, a lot of risk factors have got dissipated and it looks like the markets are looking for a rate cut whether it happens in August or whenever, we do not know,” Manish Wadhawan, MD & Head, Interest Rates at HSBC India told CNBC-TV18.
“India has been one of the key trend outperformers.” That is the word coming in from Jonathan Garner, Chief Asia & EMs Equity Strategist at Morgan Stanley from the side-lines of the Morgan Stanley Annual India Summit.
The Nifty which made a fresh record high this week is on track to hit 11,000 in the next 12-18 months backed by the earnings growth of 15 percent in FY18 and stable macro fundamentals, said Sanger.
The Reserve Bank of India (RBI) is set to announce the second bi-monthly monetary policy today and the markets have factored in a no action policy. In an interview to CNBC-TV18, Jahangir Aziz of JPMorgan shared his expectations on the same.
India will probably come out with stronger growth rate than China over the next couple of years, said Paul Gruenwald, MD & Chief Economist, Asia-Pacific, S&P Global Ratings.
Chetan Ahya of Morgan Stanley expects GDP growth to accelerate to 7.9 percent by December 2017.
Sanjay Mookim of Bank of America Merrill Lynch sees GST unpreparedness and valuation rally to have an impact on the Street.