Manish Sonthalia also said that telco ARPUs could have bottomed out and a tariff hike is likely to be around the corner.
Shah said that lower base effect to help earnings numbers and believes bank recap, a game changer, will help in better credit growth.
S Krishna Kumar said that the bank recap step changed the framework with which PSU banks will be seen. He expects cement, infra stocks to get better as well.
Mahesh Patil of Birla Sun Life believes that the Street currently could be reacting to cues such as higher current account deficit (CAD), pressure on the rupee and developments around fiscal deficit as well.
Says economy will continue to grow and that will drive up the equity markets going forward.
Kotak MF’s Upadhyaya said that September and December could be slightly better quarters due to GST-hit sectors seeing some recovery.
Says high inflows into MFs is a challenge, but one has to stick to the core and not be swayed by ‘SMS-based recommendations’.
Companies such as Bajaj Finance and Capital First, among others, have been able to innovate, use technology, disrupt markets and gained advantage among competitors to pursue higher growth.
Tushar Pradhan of HSBC Global AMC said that the plan is always to stick to the investments once they have been made, but evaluating based on valuations is necessary
S Krishna Kumar of Sundaram Mutual Fund said inflows into financial instruments have been steady and there has been no major trend change.
Harsha Upadhyaya of Kotak MF said from 3-5 year perspective, one can invest in staggered ways.
S Krishna Kumar of Sundaram Mutual Fund said that the earnings have been pretty good and that retail private banks have seen strong delivery.
Interview with Sunil Singhania of Reliance Mutual Fund
Nilesh Shah said that the approach in the market should be that of bottom up one.
R Sukumar of Franklin Templeton Investments said that in this market, one could look for stock ideas which are undervalued.
Mahesh Patil of Birla Sun Life AMC believes that a recovery could be seen in the coming quarters. On retail sentiment, he said that SIP flows are seen at around Rs 6,000 crore a month.
Harsha Upadhyaya of Kotak Mutual Fund believes that the pace of earnings recovery against inflows are slower. He likes consumer discretionary space and cements, and sees downside for IT.
Favourable economic scenario makes products like income, dynamic and gilt funds a reasonable bet once again.
Mahesh Patil of Birla Sun Life Asset Management Company said that results were better due to a few companies. He sees consumption to benefit on good monsoon, but GST could have an impact for one quarter.
Reserve Bank of India kept the key policy rate unchanged at 6.25 percent for the fourth time in a row.
We believe that duration funds have reasonable growth potential in the current market trend.
Tushar Pradhan of HSBC Global AMC said that it would be risky to not remain invested in this market. He feels earnings have surprised in Q4.
Interview with Miten Lathia - Fund Manager - Equities - HDFC Asset Management Co. Ltd
Atul Bhole of DSP Blackrock also said that he preferred corporate lenders as well as oil & gas, but was wary of ahead-of-fundamentals rally in real estate.
In terms of overall opportunity, consumption, automobile, domestic cyclical sectors like construction, cement, banks for that matter looks attractive for the fund house.