“I think the large part of India’s growth is structural. We are in a medium-term growth slowdown,” Amit Bhartia of GMO Emerging Domestic Opportunities Fund said.
Telecom is the only sector where we have the negative outlook and it is predicated on our expectation that competition will continue and that will likely pressure revenues and profitability and that is likely to continue over the next twelve months, Kaustubh Chaubal, Vice President, Corporate Finance Group at Moody's Investors Service said.
CLSA said GST benefits are moderately visible through early signs but improvements in capex activity are not expected just as yet.
On telecom space he is negative as well, adding that he will look to short PSU banks going forward.
On a sectoral basis, he is very positive on the telecom space. He highlighted that telecom had very high RoC 10 years ago but was unsustainable.
The government reforms, the growth potential and the macro stability are a big positives for the economy going forward, said Upasana Chachra, India Economist at Macquarie Capital Securities.
In the order of affordability, Bangalore stands out compared to Mumbai and NCR among the tier-I markets, Abhishek Bhandari, Senior Analyst, Property at Macquarie Capital Securities said.
Arvind Sanger of Geospehere Capital told CNBC-TV18 that the move has come as a positive surprise.
Maruti is doing most things better than their competitors and so they will continue to gain market share, said Amit Mishra, Auto Analyst at Macquarie Capital Securities.
Desai feels the one-time effects of demonetisation and GST implementation are largely past, thus growth will pick pace.
The house is still constructive on EM equities for next year and still remain overweight on India, said Geoffrey Dennis, Head-Global Emerging Markets, UBS Investment Bank.
The Indian market has been moving higher largely on hope for the last 6-9 months, but now fundamentals are beginning to give away their sheen which could mean more trouble for the Indian market in the short term.
Tushar Pradhan also believes that the next two quarters will be good because of a low base and will set the tone for upcoming fiscal year.
Another factor to watch out for the market, Holland said, is to see how India manages to make its fiscal deficit stats better. The rise in crude oil prices has made him worry about that.
Teresa Barger said that there are concerns among foreigners regarding valuations, but in the long run things do look in a good position.
Brent crude touching USD 64/bbl even USD 65/bbl is a matter of concern for oil importing country. In an interview to CNBC-TV18, Daniel Hynes, Senior Commodity Strategist at ANZ Research shared his sense of the price trajectory.
In the one year since demonetisation was announced, the BSE market cap has increased by Rs 33 lakh crore. In an interview to CNBC-TV18, Arvind Sanger, Managing Partner, Geosphere Capital Management shared his assessment of the year gone by.
The Barclays Asia Forum underway in Singapore. A special conversation with Former Reserve Bank of India (RBI) Governor Raghuram Rajan and Mohamed El-Erian, Chief Economic Advisor at Allianz in which they shared their views on global economy and who the next Federal Reserve Chairman will be.
In an interview to CNBC-TV18, Jonathan Schiessl of Ashburton spoke at length about India's ranking in World Bank's ease of doing business and according to him ease of doing business ranking won't make difference in equity investing decisions.
In an interview to CNBC-TV18, Arvind Sanger, Managing Partner of Geosphere Capital Management spoke at length about the mega recapitalisation plan and shared his views public sector undertaking (PSU) banks.
Earnings expectations are too high, economic growth is slowing, and valuations are still stretched, according to him.
The lack of an investment cycle, and the related lack of loan growth, are directly linked to the ongoing asset quality problem in the Indian banking system which remains the main unfinished business of the first Narendra Modi administration.
The earning season is not one that we are expecting to be a big catalyst for the market either way, said Arvind Sanger, Managing Partner of Geosphere Capital Management in an interview to CNBC-TV18.
Mahesh Nandurkar of CLSA believes that this season could be flattish on the earnings front. He likes NBFCs from a long term perspective.
Expects Q2 Nifty earnings to improve to 14 percent after 11 percent fall last year.