The manufacturing activity in the US has hit a two-year high, so if this data happens to be significantly higher, as expected, then one cannot rule out the possibility of stimulus withdrawal happening in December or January, says Arindam Ghosh of Blackridge Capital.
Arindam Ghosh, MD & CEO, Blackridge Capital Advisors, believes RBI will go with the consensus and hike repo rate by 25 bps and lower MSF by an equivalent amount. As far as the mkt goes, he feels the move from 5,200 to 6,200 level is kind of huge and one needs to be cautious at these levels.
According to Arindam Ghosh, MD & CEO of Blackridge Capital Advisors, one may prefer private sector banks and stay away from the PSU pack.
BlackRidge Capital Advisors recommends entering the market with a 2-3 year horizon. Its MD and CEO, Arindam Ghosh, believes that the volatility in the market is set to rise given the complexity of domestic and global factors.
Blackridge Capital is not very positive on the markets going forward. He expects them to be extremely volatile. Earnings for the corporates for next quarter are also going to be a huge downside to the bourses going forward, he told CNBC-TV18.
Arindam Ghosh, MD & CEO of Blackridge Capital Advisors is of the view that one may enter banking stocks on some correction.
According to Arindam Ghosh, investor confidence will build up in India if investment climate improves and growth revives. Conviction- buying, key barometer of investor confidence, is yet to happen.
The market may see an additional correction of 10-12 percent going forward, says Arindam Ghosh of Blackridge Capital Advisors. He told CNBC-TV18 that banking stocks would continue to be stressed till there is some stability in the market.
The Indian version of Operation Twist is expected to get some sanity back in the market. Banking stocks are at a level where it may see some short-term relief rally. But it will be more sentimental than fundamental because the issues plaguing the sector still exist
Currently, whichever way you look at it, valuations are extremely expensive, investors should be cautious, asset allocation is going to be the biggest challenge no matter which asset class is looked into
The investment climate here is weak, with short-term rates going up, working capital cycle getting extended and deterioration in asset quality etc. it is not a three month, six month kind of a solution. The collateral damage is going to get far extended into the next year as well. The path to recovery is going to take a much longer while
In an interview to CNBC-TV18, Arindam Ghosh, MD & CEO, Blackridge Capital Advisors spoke about the volatility returning to the data. He also speaks on the impact of economic data on the bourses.
It will be tough for India to attract more capital in such a low liquidity scenario
Liquidity in the market is expected to become tight, which will lead to a fall of 10-15% in the market.
According to Arindam Ghosh, MD & CEO of Blackridge Capital Advisors, it is time to start building positions on capital goods, infrastructure over a two month perspective.
Arindam Ghosh, MD & CEO at Blackridge Capital Advisors is of the view that one should stay invested in private sector banks. "We need to maintain weight on the banking sector largely because the performance of the private sector banks has been quite strong," Ghosh said.
After today's economic survey, all eyes are on the Finance Minister, who will present The Union Budget for 2013. The economic survey today managed to uplift the negative sentiments for the short-term.
Mirae Asset Global Investments (I) Pvt Ltd today announced the appointment of Jisang Yoo as its new CEO. Yoo was serving as the Chief Financial Officer and has been associated with Mirae Asset India since 2009, a company statement said here.
The Securities and Exchange Board of India (SEBI) has notified the new takeover code. Experts discuss the new norms and give their outlook going forward.
By: Arindam Ghosh, Khaitan & Co
SEBI said no, SAT said yes and now the Arvind Remedies case has reached the Supreme Court. The short of this long story is that