US stocks rose on Monday, notching fresh record highs, as investors remained bullish on President Donald Trump's economic agenda.
Kotak Mutual Fund is bullish on automobiles, cement and oil & gas companies, the fund‘s Chief Investment Officer-Equity, Harsha Upadhyaya told Moneycontrol.
About India's demonetisation, Martin Wolf of Financial Times says it is a brutal tool and its implementation was not very good. He is puzzled by the government's move. The move was carried out without printing new notes to replace the old , says Wolf.
"It is a free run for the bears. The bulls are going to start losing money even beyond 8,000 points on Nifty," says Ashwani Gujral.
"The Indian market is going to be a second or third largest Venture capitalist (VC) markets in the world," said Sid Talwar, a partner at Lightbox, which has invested USD 50 million in 2015 of the USD 200 million planned for India.
In comparison, fund managers had pumped in Rs 81,634 crore in the banking shares in August last year.
Bullish on future prospects of the domestic aviation sector, Civil Aviation Secretary R N Choubey said passenger growth is anticipated to be more than 30 percent in the coming years.
Even though most of Asian funds are overweight on India, the view isn't anything that the markets should be worried about, according to Susmit Patodia, Head of Sales, Institutional Equities, Motilal Oswal Financial Services. Emerging markets flows have been strong over the past few weeks, he told CNBC-TV18.
The markets have run up quite sharply and a correction is likely, he says. He recommends retail investors should look to invest with a long term perspective or else bottom up stock picking.
Ajay Bodke of Prabhudas Lilladher says passage of GST Bill and a positive Brexit outcome will lead to a sharp upmove in the markets.
FPIs turned net buyers of equities in March after pulling out a massive Rs 41,661 crore from the market in the previous four months (November to February).
Nifty may see some fleeting short-term resistance, but there are no major hurdles going forward and it may touch 8700 levels soon, says Jai Bala of Cashthechaos.com.
Although there were pullbacks in the market, there was a lot of resistance around the 7800 levels, says Udayan Mukherjee in a freewheeling chat with CNBC-TV18.
Anoop Bhaskar, Head, Equity, IDFC Asset Management, feels monsoons will be a crucial factor for overall economic growth because large states like Maharashtra, Punjab, Tamil Nadu and Karnataka need to contribute more to the GDP.
FPIs had turned net buyers of equities in March after pulling out a massive Rs 41,661 crore from the market in the previous four months (November to February).
Having grown many fold in the last five years, the global crowd funding industry is nothing short of bullish.
Industry experts said that fund managers have been raising their allocation in software stocks due to declining rupee against the US dollar.
Emkay is bullish on SRF and has recommended buy rating on the stock with a target price of Rs 1390 in its research report dated Feburary 11, 2016.
Binay Chandgothia, MD & Portfolio Managar, Principal Global Investors is bullish on private sector banks and feels state-owned banks will struggle because of asset quality concerns
Since the Narendra Modi-led BJP government has come to power at the Centre, the fund managers have been bullish on the stock market. Since then, they have made a net investment of about Rs 1 lakh crore in the equity market.
The Indian rupee opened lower at 66.12 per dollar as against yesterday's level of 66.03 at the Interbank Foreign Exchange (Forex) market. It hovered in the range of 66.1750 to 66.10 per dollar during the morning deals, before quoting 66.12 at 1030 hrs.
In an interview to CNBC-TV18, Shantanu Narayen, President & CEO of Adobe Systems spoke about Prime Minister Modi's visit to Silicon Valley and the important points PM Modi touched upon during Digital India panel discussion.
Rahul Mohindar of viratechindia.com is confident of Kotak Mahindra Bank with a target of Rs 740 and advises buying along with Axis Bank. Even IndusInd Bank features on his buy list.
The Indian market could remain volatile for the next couple of quarters, Vivek Misra, Strategist, Global Asset Allocation, Societe Generale told CNBC-TV18. He, however, said the Sensex could bottom out at 26,000, and was more bullish on midcaps compared to large caps.
CLSA brokerage does not see the base rate cuts impacting margins of banks as the cost of deposits fhave been falling