The government has managed to garner over Rs 23,500 crore through selling its stake in public sector enterprises during the first nine months of the current fiscal, representing nearly 60 percent of the disinvestment target, said Manish Singh, Joint Secretary, Department of Investment and Public Asset Management (DIPAM)
Reliance Mutual Fund, an arm of Reliance Capital will launch a further fund offer of CPSE ETF or Central Public Sector Enterprises Exchange Traded Fund on January 17 and the offer will remain open until January 20.
In an interview to CNBC-TV18, Manish Singh, Strategist & Head - Investments at Crossbridge Capital shares his expectations on the FOMC meet and possiblity of a Fed rate hike this year.
The Commissioner informed that the local body has so far received an assistance of total Rs 248 crore from the Centre and the state. Besides, the IMC has made a provision of Rs 200 crore this fiscal from its budget.
While stock markets are pricing in the event, there won't be a major fall in the equity markets as much as will be in the currency market, says Manish Singh, Chief Strategist & Head of Investments, Crossbridge Capital LLP.
The Indian government also needs to help the banking sector get back into shape â€“ banking sector is the heart of any economy, says Manish Singh, Chief Strategist & Head of Investments, Crossbridge Capital LLP.
There is hardly any chance of recovery in global market in the coming days unless policy makers offer positive talks. The only silver line is a hope of recovery emerging in fourth quarter when China property market reports green shoots.
Manish Singh, Crossbridge Capital expects US Fed to hike rates in September.
The Greek crisis is not just about one country, it is about the entire European Monetary Union (EMU), says Manish Singh of Crossbridge Capital. He says both Greece and Germany want to preserve the euro and EMU because they are the biggest beneficiaries.
Manish Singh of Crossbridge Capital said he expected one rate hike by the Fed this year and three next year.
Even as there have some signs of the government's reforms thrust slowing down, foreign investors are willing to be patient with Indian equities and the current administration continues to enjoy a huge amount of goodwill from them, according to Manish Singh of Crossbridge Capital.
Manish Singh of Crossbridge Capital LLP also believes European market will continue faring well as euro remains weak.
Manish Singh of Crossbridge Capital does not see Greece exiting from troika in the near-term. He expects Nifty to be around 10,000 by year-end.
Manish Singh of Crossbridge Capital LLP expects euro to appreciate to 1.10 level against the dollar indicating it will be a good buying opportunity going ahead.
Despite recent volatility, the market sentiment has improved since the start of the year, says Manish Singh, Strategist & Head-Investments, Crossbridge Capital LLP.
Manish Singh of Crossbridge Capital LLP believes soft energy prices are a big positive for emerging markets and one should buy into these markets with a 6-12 month perspective.
Manish Singh of Crossbridge Capital is confident of Indian markets ending the year higher than today. In addition, he feels the year will finish stronger in US, which should have a positive impact on India and other EMs.
ECB President Mario Draghi also announced plans for an asset-backed securities (ABS) and covered bond purchase programme to help ease credit conditions in the bloc.
Manish Singh of Crossbridge Capital Llp says the global markets cutting their losses was expected as even the S&P lost less than a percent on Monday, thereby suggetsing that it was still not in a panic mode.
Manish Singh, Crossbridge Capital explains to CNBC-TV18 that he is bullish on the US as the economy continues to register growth despite the looming fiscal cliff. Singh also calls for measures to address the slump in the manufacturing sector.