If you ask me what is the biggest risk to India in 2018, the single biggest risk is that we have regulatory overkill, said Ruchir Sharma of Morgan Stanley Investment Management at Rising India Summit.
The volatility is expected to continue for the rest of the year given that we are heading into a very heavy election calendar and there is uncertainty on that front, Gautam Duggad Head-Research, Institutional Equities, MoSL.
It would be prudent for investors to adopt a stock and sector-specific approach where growth is visible, he said.
In an interview with CNBC-TV18, Lalit Nambiar of UTI MF, spoke about his reading and fundamental view on the market.
Infra stocks like NBCC, HCC, NCC, IRB Infra and Dilip Buildcon will get astrological support, says Satish Gupta of astrostocktips.
Meanwhile, the political noise around state elections too could keep the market up on its feet, Vikas Khemani believes.
Overall, the market will move in-line with earnings and for 2018-19 the earnings are expected to be around 15 percent, Andrew Holland, CEO, Avendus Capital Alternate Strategies.
There has been quite a bit of selling seen from foreign institutional investors (FIIs). In an interview with CNBC-TV18, Rick Lacaille, Chief Investment Officer at State Street Global Advisors shared his views and outlook on the same.
In an interview to CNBC-TV18, Ganeshram Jayaraman, Spark Capital Advisors shared his readings and outlook on the market, specific stocks and sectors.
Overall, we expect markets to consolidate between broad range of 10,240-10,520 levels for few sessions before giving any fresh breakout on either side.
Nifty and Bank Nifty both continue to remain in the Lower Top Lower Bottom structure. Nifty is precariously poised above the 200-DMA of 10,100 while Bank Nifty too is managing to currently hold above its yearly mean of 24,500.
"Till Nifty holds 10,350 levels decisively, bounce back from lower levels cannot be ruled out and on higher end stiff hurdle seen around 10,490 mark," says Rajesh Agarwal of AUM Capital.
"We prefer being cautious on rise given the fact that Nifty is still unable to breakout the 30 daily EMA. Below 10,330, next support is placed around 10,290," says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.
We go back to being a normal boring market rather than either a very bad market or a very good market, said Samir Arora, Founder & Fund Manager, Helios Capital.
The resumption of upward move could be backed by frontline stories and some midcaps, says Dilip Bhat of Prabhudas Lilladher.
In an interview with CNBC-TV18, Rahul Arora, CEO of Nirmal Bang Institutional Equities, spoke about his reading and perspective on Indian food sector.
Shriram Transport, Bajaj Finance, Manappuram Finance, Cholamandalam Investment and Srei Infra will get astrological support, says Satish Gupta of astrostocktips.
LTCG tax has blunted the edge of equities as compared to last year; however, from a growth perspective, equities should be able to perform better than other asset classes, which ideally should ensure the inflows into equity continue, Ashish Ranawade, Chief Investment Officer (CIO) of Union Asset Management Company Private Limited, said in an interview to Moneycontrol's Kshitij Anand.
Stressing on the low base effect of demonetisation and GST rollout, Vora said that it needs to be seen whether the earnings will sustain post October-November period.
The pull-back indicates a bit of respite from oversold territory and that has to be considered with a bit of skepticism.
"The index has to cross 10490 levels decisively to move higher and if it fails to cross this level, weakness could be seen towards 10290 and 10150 levels," says Rajesh Agarwal of AUM Capital.
Some stability in the global market, non-redemption in MF and availability of market at bargaining price can provide some support to the domestic market in the near-term.
Nothing has changed in the equity markets. We had wonderful three years so we have to give in reversion to mean, said Raamdeo Agrawal, Co-Founder, Motilal Oswal Financial Services.
In an interview with CNBC-TV18, Gaurav Mehta of Ambit Asset Management, spoke about his reading of the market and his outlook.
Infra stocks like NBCC, IRB Infra, NCC, HCC and Dilip Buildcon will get astrological support, says Satish Gupta of astrostocktips.