Amit Rathi, MD at AnandRathi Financial Services says market will look for credible action plan on bank recapitalisation and spending on infrastructure in the Budget.
Amit Rathi, MD, Anand Rathi Financial Services is of the belief that the pain in the market could last for another 3-6 months and from there on one could see an upward trajectory.
The three officials -- Amit Rathi, Director, Anand Rathi Commodities, Chintan Modi, VP, IIFL, and CP Krishnan, Wholetime Director, Geofin Comtrade, have been granted bail on condition that they will pay Rs 20 lakh as surety and also appear before the Mumbai EOW every Wednesday.
Earlier in August last year, EOW had arrested seven borrowers in the Rs 5600-crore NSEL scam. Prior to that, it had arrested 11 people; the last was Financial Technologies chief Jignesh Shah and Shreekant Javalgekar, managing director and chief executive of Multi Commodity Exchange.
Amit Rathi, MD at Anand Rathi Financial Services is of the view that private sector banks will continue to outperform the PSU banks.
Watch the interview of Amit Rathi MD at Anand Rathi Financial Services with Senthil Chengalvarayan & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Amit Rathi, MD at Anand Rathi Financial Services is bullish on engineering companies.
Rathi says while frontline indices like Nifty and Sensex are up 30 percent from their 2008 peaks, the mid-cap index is still flat and the small cap index is 25 percent below its previous peak
Amit Rathi of Anand Rathi Financial Services is of the view that one may stick to technology and pharmaceuticals space.
Amit Rathi of Anand Rathi Financial Services is of the view that one may see 15-20 percent upside in IT stocks.
Among cyclicals, Amit Rathi is bullish on autos, engineering and construction and to some extent, private sector banks.
Amit Rathi, MD of Anand Rathi Financial Services is cautious on Oil and Natural Gas Corporation (ONGC) as oil prices will remain elevated over the next few months.
In an interview to CNBC-TV18, Amit Rathi of Anand Rathi Financial Services said, the pullback will be short-lived. However, he said, these are attractive levels to enter the market now. According to him, the market will remain in 15% range.
Banking space will lead next rally, says Amit Rathi, Anand Rathi Financial Services.
Amit Rathi, Anand Rathi Financial Services is neutral on auto space.
While most experts feel that the bearishness in the market will continue, Amit Rathi, managing director of Anand Rathi Financial Services, feels that the market may not slip to a significant extent and even if that happens, a strong value buying could emerge at that point.
Indian market is on a nervous footing losing almost everyday in this week. With some boost from Ashok Leyland and L&T fourth quarter earnings, today the market has managed to bounce back.
Domestic market has marked better-than-expected growth on positive cues received by global peers and investor confidence. In an interview on CNBC-TV18, Amit Rathi, managing director of Anand Rathi Financial Services said that despite the market has made a smart move upwards; investors should keep a watch on rising inflation and interest rates.
Amit Rathi, MD of Anand Rathi Financial, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, spoke about his reading of the market and his outlook.