S Naren likes the telecom space due to the current valuations for long-term. He also likes power industry, where he expects a 5-7 percent increase in power consumption in India every year.
The Indian market has been rallied sharply recently and leading the gains have been consumption stocks.
Phillip Capital maintains its Nifty target of 8,500.
Watch the interview of Nimesh Shah, MD & CEO, ICICI Prudential Asset Management with Surabhi Upadhyay on CNBC-TV18, in which he shared his readings and outlook on how to plan your mutual fund portfolio for financial year 2016-17.
CNBC-TV18's Nimesh Shah is in Hong Kong at the 19th annual Credit Suisse Asia Investment Conference. He joins us from the sidelines with a mood check among investors.
CNBC-TV18‘s Nimesh Shah gets expert opinions from strategists like Timothy Moe of Goldman Sachs, Jonathan Garner of Morgan Stanley and Sakthi Siva, of Credit Suisse who believe that the rebound is more like a recovery from excessive pessimism and not the start of an uptrend.
Sakhti Siva of Credit Suisse advises investors to buy on dips. She believes that given the 16 percent rally from the lows in MSCI Asia Ex-Japan, it may be more prudent to buy the dips rather than chase the rallies from here.
We have got a model where you should invest when sentiments in any asset class are negative and when there are outflows happening from that asset class basically when foreigners are selling.
Ahead of earnings season Aditya Narain of Citi estimates earnings growth over FY16-18 to be at 8.8 percent, 18 percent and 17 percent respectively. Also, he does not see earning levels changing materially.
Nifty could test 7500 levels on downside: CLSA
Sakthi Siva of Credit Suisse expects the market to overshoot the 2008-09 low.
If volatility is because of international factors, invest throughout 2015 to make money in 2018, says Nimesh Shah, MD & CEO, ICICI Prudential.
Brokerages are positive on the Budget and are calling this as a well balanced act. Watch CNBC-TV18's Nimesh Shah with the details.
Watch the interview of Nimesh Shah, MD & CEO â€“ ICICI Prudential AMC, Perizad Sirwalla, Partner â€“ Personal Taxation, KPMG and Pankaj Mathpal, Director â€“ Optima Money Managers with Sumaira Abidi on CNBC-TV18, in which they shared their ideas on saving tax post Union Budget 2015.
Expectations of a dream budget are misplaced and it is high time that the government increases spending on domestic capital expenditure and on infrastructure.
Nimesh Shah, managing director and chief executive officer, ICICI Prudential says investors making repeat purchases are increasing everyday and are parking capital in diversified funds.
CLSA puts out a note saying that India has been the most loved or the most favoured EM nation across most of the investors.
Motilal Oswal has come out with a report on the themes to lookout for in 2015, CNBC-TV18's Nimesh Shah analyses the report.
Watch the interview of Nimesh Shah of ICICI Prudential AMC with Sumaira Abidi on CNBC-TV18, in which he gave few investment ideas.
Aditya Narain of Citigroup expects Sensex to touch 33,000 by December 2015. Also Ridham Desai of Morgan Stanley has a Sensex target of 32,500 by December 2015.
Since market is in a topping out process one should not expect substantial upside says Gautam Shah of JM Fin Tech
If global fall continues, Indian equities may not stay immune says Neelkanth Mishra of Credit Suisse
Jitendra Sriram of HSBC says they are overweight on India with Sensex target of 30,000 for CY15.
Bank of America Merrill Lynch Fund Manager Survey shows risk assets oversold & bounce likely in coming weeks