Unless we have a very specific India event, we will follow the world, sometimes outperforming, sometimes underperforming, said Samir Arora, Founder, Helios Capital.
Ambareesh Baliga said the macro numbers have been disappointing all through and going ahead, we have the likely Fed rate hike, Gujarat election outcome, so investors might not keep huge positions.
The market is unlikely to break out in a hurry and sectors which did well so far could underperform in the next one year, while the beaten-down sectors such as PSU banks, roads, metals, industrials etc. will remain in demand in the next 6-9 months.
Our December 2018 Sensex target of 37,500 presents about a 14 percent upside, but, we continue to believe bottom-up stock selection will be the key to performance, Abhiram Eleswarapu, Head of India Equity Research, BNP Paribas, said in an exclusive interview with Moneycontrol’s Kshitij Anand.
Watch the interview of Sudarshan Sukhani, Ashwani Gujral, Mitessh Thakkar, Sandeep Wagle, SP Tulsian and Amit Gupta with Anuj Singhal, Latha Venkatesh and Sonia Shenoy on CNBC-TV18.
Nifty is breaking key supports and if it breaks below 10,250-10,230 then one could see levels of 10,150-10,100, said technical expert Mitessh Thakkar.
Many interesting stories were presented by the midcap companies. The positive benefits of roads was felt by roads ancillary stories, said Shanti Ekambaram, President - Consumer Banking, Kotak Mahindra Bank.
Hiren Ved, Director & CIO, Alchemy Capital Management believes a new economic expansion cycle is on its way and it should hopefully last much longer than what most people expect.
Watch the interview of Sudarshan Sukhani, Ashwani Gujral, Mitessh Thakkar, Rajat Bose, Kunj Bansal and Chandan Taparia with Anuj Singhal, Latha Venkatesh and Sonia Shenoy on CNBC-TV18.
Aswani Gujral of ashwanigujral.com said it would not be such a good idea to enter the market at these levels, one should have entered during correction.
In an interview with CNBC-TV18, Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company spoke about his reading of the market and his outlook from the side-lines of the Kotak Securities Midcap Conference 2017.
In an interview to CNBC-TV18, from the sidelines of the Kotak Securities Midcap Conference 2017, Kamlesh Rao, MD of Kotak Securities discussed the market outlook.
The house is not so upbeat on cement, consumer staples and IT, said Saion Mukherjee, Head of India Equity Research, Nomura Financial Advisory & Securities.
Prasad said that current valuations partly discount strong earnings recovery. We expect 23 percent growth in Nifty earnings in FY19, 17 percent in FY20.
Udayan Mukherjee, Consulting Editor, CNBC-TV18 says there is growing conviction that levels of 10000-10100 will act as solid support and market may have formed a higher bottom.
It is essential to reiterate the fact that equity markets are very liquid, and investors can book profits, exit and withdraw their money at any point of time. Having said that, there is absolutely no reason for a long-term investor to feel acrophobic.
The strong reversal trend in the Nifty index from the last two trading sessions translates to a possible breakout from its short-term hurdles placed at 10,350 level and likely to trade near 10,400 level if its holds above 10,350 level.
Watch the interview of Sudarshan Sukhani, Ashwani Gujral, Mitessh Thakkar, Prakash Gaba, Sanjiv Bhasin and Hemant Thukral with Anuj Singhal and Sonia Shenoy on CNBC-TV18.
We do not expect a win by Modi to move the markets up or have too much of an upside based on this news alone but a loss and upset from BJP could take the markets lower, says Nikhil Kamath of Zerodha.
During the week, almost all EMs saw outflows. South Korea, Taiwan, and India saw outflows in the vicinity of USD 600 million each. Outflows aggregating to close to USD 200 million were also seen from Indonesia and Thailand.
For a sustainable rally to take place, the Nifty50 needs to close and sustain above its critical resistance zone of 10,500–10,600 levels on the long-term charts which should open the doors for another 10-15 percent sustainable upmove over a period of time.
Watch accompanying videos of Motilal Oswal's Wealth Creation report event for a fireside chat with Raamdeo Agarwal, Co-Founder of Motilal Oswal and Sanjoy Bhattacharya.
The house was not so bullish on the oil and gas explorers but was positive on gas distribution companies & OMCs, said Manishi Raychaudhuri of BNP Paribas.
NMDC is a great buy even at current levels with a timeframe of over one year, says Sudip Bandopadhyay of Inditrade Capital.
The Nifty, so far, in current calendar year rallied nearly 23 percent and to take the rally ahead from here on needs a strong reason (may be one-sided win for BJP in state elections apart from corporate earnings and economic growth).