With equity markets having moved significantly in the past year, valuations do look a bit on the expensive side, especially the mid- and small-cap indices.
Watch the interview of Christopher Palmer Benson Avenue Capital with Reema Tendulkar on CNBC-TV18, in which he shared his reading and outlook on Indian equity markets.
As per data released by the Securities and Exchange Board of India (Sebi), mutual fund managers invested a net sum of Rs 51,352 crore in stock markets during 2016-17, lower than Rs 70,130 crore invested in the preceding fiscal.
The Nifty50 reclaimed its crucial resistance level of 9,133 and closed above its crucial 10-days exponential moving average (DEMA) placed at 9,104. The index formed a small bullish candle which resembles spinning top kind of pattern on daily charts.
The rupee surged to a fresh 16-month high on Wednesday opening at Rs 65.40 for a dollar. The Indian currency was also the best performing currency in the world. The gain was led by strong FPI buying on Tuesday following BJP's landslide victory in Uttar Pradesh.
However, the report noted that while India is likely to attract moderate FII inflows in 2017-18, a Union Budget that boosts economic growth through targeted spending while balancing fiscal considerations, may help revive FII interest in the immediate term, particularly in the country's equity market.
According to Deutsche Bank's India Equity Strategy Report, 2017 is expected to be a year of uncertainty and the market is likely to be volatile and uncertain in the first half and recover in the second half.
On the upcoming third quarter FY17 results, Rajesh Kothari of AlfAccurate Advisors expects a muted show, particularly for domestic leaned companies. He cautions against keeping high hopes for the fourth quarter either.
Equity market volumes recovered in the first half of this fiscal to report a growth of 14 percent, rating agency Icra said today.
The funds have been raised for expansion, refinancing of debt and to meet working capital requirements.
The government‘s decision to demonetise Rs 500 and Rs 1,000 currency notes is an excellent move and will help economy significantly in the long term, says S. Naganath, President and Chief Invesment Officer, DSP BlackRock Investment Managers.
Ashwani Gujral said that this is the end of a correction, not the beginning of a new one and people should use this fall to buy.
The consumption story has been on a roll -- a fact that has been universally acknowledged by fund houses. And DSP BlackRock Mutual Fund doesn't think otherwise.
Jan Lambregts, Rabobank says a Federal Reserve rate hike seems unlikely in November. They may shy away in the last minute. But the Fed may hike rates in December by around 25 basis points which he senses may not lead to any global market imbalance.
Goldman has shared dominance of the Asia Pacific equity capital market arena with UBS and Morgan Stanley since clinching the mandate for China's first privatisation in 1997.
Speaking to CNBC-TV18, Michael Every of Rabobank believes that if the global markets keep going up, India too will continue to rise. However, this also means that if global markets fall, India will fall too.
The Employees Provident Fund Organization's (EPFO) board will be meeting on Friday to discuss various issues including plans to invest more into the equity market, say sources.
This market rally is largely driven by investors, mutual funds and high net-worth individuals (HNIs) and investors are seeking more opportunities in the market, says market expert Dipan Mehta.
It is the right time to invest in the Indian equity market but one must have a patient two-year outlook going forward, says Tushar Pradhan, CIO, HSBC Global AMC, India in an interview with CNBC-TV18.
It was a weak close on Wall Street as more US Fed officials hint at a near-term rate hike; S&P 500 closed 4.28 points lower while NASDAQ saw a 3.78 points fall. European markets were under pressure as well; major indices like STOXX 600 and DAX and FTSE 100 ended trade in red.
Union Labour Minister Bandaru Dattatreya has said the Employees Provident Fund Organisation (EPFO) may invest more than Rs 6,000 crore in equity market during the current financial year.
The country's stock exchanges saw their overall cash market turnover tumbling over 43 percent to Rs 15.95 lakh crore during the first four months of 2016 over the same period last year.
The bad loan issue may continue for Axis Bank and ICICI Bank, said Dilip Bhat, Joint MD at Prabhudas Lilladher, adding, he prefers Infosys and TCS in the IT space.
The 30-share key index zoomed 2,339.86 points or 10.17 percent last month. Nifty too climbed 10.75 percent or 751.35 points. It was the biggest monthly gain for stock markets in over four years.