Umesh Mehta recommends 5 stocks that would be wealth creators for the next 2-3 years would be Hindustan Zinc, HDFC, SBI Life Insurance, Kotak Mahindra Bank and ITC.
The credibility of the banking sector is badly hit by the revelations of fraud at the topmost level of management. It will not be easy for the sector to gain the investors' trust again.
This is the best time to accumulate good small and mid-cap stocks for investors with a horizon of three to five years, says Amit Doshi of Care PMS.
Slowing global economic growth has been hurting Indian IT companies’ earnings. But Infosys is better placed than TCS to win large deals which will provide better growth visibility ahead
Since the earnings season has begun, volatility will remain high across the board, traders should focus more on risk management aspect and avoid naked leveraged trades.
We believe the performance is very much concentrated for now with only a few stocks that are aiding the breadth and are having the momentum.
Private banks will outperform market and will generate maximum returns, due to strong revenue growth along with stable NII's (Net interest income).
Small and mid-sized companies are eager to manage their growing expenses, but often lack the buying power of larger companies in negotiating discounts with suppliers
In the coming week, the market would be driven by global factors/events along with results season outcome in the near term
It is too early to call a top in gold prices but it should not be bought at current prices but only on some significant declines--a climb down of 5 - 7 percent in international gold prices would make it quite attractive again.
We expect Nifty50 to inch towards 11,500-11,600 shortly. The Nifty50 could see a brisk movement as and when it crosses the 200-DMA placed at 11,222 level, says Rusmik Oza, Head of Fundamentals Research, Kotak Securities
Going forward, we expect the rupee to face stiff resistance around 70.80 levels and witness some depreciation all over again
The coming week can be clouded by speculations of the GST council outcome which is expected on the 20th of September.
A peculiar pattern of gradual recovery post sharp decline is observed within the index as the broader structure continues to be rangebound since 28th August.
We can expect good returns in the mid-cap and small-cap sectors in the next three-six months. In fact, we have started seeing some signs of accumulation in this space in the last one-two weeks
The announcement of macro data such as IIP for July month and CPI & WPI for August month will provide direction to the markets.
The index has formed a Hammer candlestick pattern on the weekly charts which indicates a bullish bias and is likely to test the neckline of 11,100-11,150 zone.
Gold has been moving up and from US$ 1,340 onwards, we have been suggesting exposure of not more than 5 percent of the portfolio to gold.
On the mega-merger of PSBs, Ajit Mishra, Vice President of Religare Broking said consolidation would lead to better governance and efficient NPA management.
Lower rollovers were witnessed in the September series indicating that weak hands are out from the market, says Umesh Mehta, Head of Research, SAMCO Securities
We are still a couple of quarters away from a recession, only if the concerted economic measures taken by various central bank across the globe fail to deliver on desired lines
Mobius is, however, worried about taxation in the country.
If the US-China trade war escalates and the US president orders American companies to source from other countries, India can make gains in textiles and chemicals, says Arun Thukral
Value-for-money business models are doing well across sectors like consumer durables, paints, apparel retailers, grocery retailers, etc, says Chockalingam Narayanan
When a global recession arrives, the Indian economy would suffer as well, both due to the direct economic impact but more so on account of the indirect linkage via financial markets