Asian markets are under pressure this morning following the Wall Street lead lower on growing uncertainty over the Trump administration's ability to follow through on its economic policies. In an interview to CNBC-TV18, Geoff Lewis of Manulife Asset Management and Arvind Sanger, Managing Partner at Geosphere Capital Management spoke about the same.
In an interview to CNBC-TV18, Arvind Sanger, Managing Partner, Geosphere Capital Management, spoke about his reading of the market and his outlook.
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.
In an interview to CNBC-TV18, Arvind Sanger, Managing Partner at Geosphere Capital Management shared his readings and outlook on the global markets.
In an interview to CNBC-TV18, Arvind Sanger, Managing Partner of Geosphere Capital Management shared his readings and outlook on how to approach the market.
He is positive on the local market. He said it is currently a part of a 'globally optimistic rally'.
However, there are two reasons why Indian markets could do well: the economy could bounce back from demonetisation-induced slowdown and the Budget and GST rollout may be positive triggers, says Arvind Sanger, Managing Partner, Geosphere Capital Management.
Sanger says US market is liking the pro US growth story under Trump administration. US traders see taxes being cut and less regulatory burden due to Donald Trump winning the elections as a huge positive for the market.
Speaking to CNBC-TV18 Arvind Sanger of Geosphere Capital Management said that demonetisation has been carried out in socialist economies like the North Korea and former Soviet Union in the past.
In conversation with CNBC-TV18, Arvind Sanger, Geosphere Capital Management, said government's decision to demonetise Rs 1,000 and Rs 500 notes is a retrograde move.
Arvind Sanger of Geosphere Capital Management says the big focus should be now on return on assets and getting rid of underperforming assets at the Tata Group. He was referring to the turmoil that is underway in the over 15-decade-old company after Cyrus Mistry was ousted as Tata Sons‘ Chairman.
Global liquidity tailwinds are unlikely to get any better from now and that makes Arvind Sanger, Managing Partner at Geosphere Capital Management â€œcautiously optimisticâ€ on the Indian markets.
IT sector will continue to face headwinds from the US Presidential candidates Donald Trump and Hillary Clinton. The sector is unlikely to throw up big surprises, said Arvind Sanger, Managing Partner, Geosphere Capital Management.
Arvind Sanger, Managing Partner at Geosphere Capital Management prefers to selectively stay on in the Indian equities and advises investors who have not yet entered the market to tread cautiously.
While some slight volatility might be seen in near-term over the news, Arvind Sanger, Managing Partner at Geosphere Capital Management says it will be a buying opportunity for investors.
Jonathan Garner of Morgan Stanley sees India as a fast growing market and expects the growth to accelerate further in the coming days. He says it is among the bright spots in the post-Brexit world. He is bullish on consumption, industrial and cyclical plays
Answer: Till as long as the liquidity taps are open.
The political risks emerging from the EU will spill over to parts of developed markets, says Arvind Sanger founded Geosphere Capital Management.
We were all worried about the Brexit vote this week, but I think now we are going to grapple with 'Rexit'. I think Rajan going out, of course, will not be taken well by the market. The initial reaction will obviously be down for the market, said Ramesh Damani, Member, BSE.
A serious risk to global markets has emerged in the form of the British referendum slated for next week, says Arvind Sanger of New York-based Geosphere Capital.
With growth remaining challenged in developed markets and central banks staying put, it would create a favourable backdrop for EM fund flows, says Arvind Sanger, Founder and Managing Partner, Geosphere Capital.
Speaking to CNBC-TV18, Arvind Sanger, Founder & Managing Partner at Geosphere Capital Management says a bold budget is needed for a sustainable market rally.
Arvind Sanger of Geosphere Capital Management says the woes of the banking sector need to be dealt with comprehensively. According to him, the bankruptcy law is crucial for banks to recover
Arvind Sanger of Geosphere Capital is not sure whether the selling in the Indian market is done for now, though he feels it is more panic-selling since India's macros are rather stable and it is earnings (including Q3) that is not showing enough momentum
Arvind Sanger, managing partner at Geosphere Capital Management believes crude oil will be the best performing asset in 2016 and sees it moving up to at least USD 60 per barrel in the second half of calendar year 2016