India’s manufacturers could gain meaningful market share, especially as the US imposes much higher tariffs on other Asian economies, Ved said.
Even in a raging bull markets, corrections do take place because that is the nature of the market, says Hiren Ved, Director and CIO, Alchemy Capital Management.
Speaking to CNBC-TV18, Vikas Khemani, President and Chief Executive Officer at Edelweiss Securities, said that fiscal deficit would be the number to watch.
Hiren Ved, Director & CIO, Alchemy Capital Management says demonetisation has pushed the growth recovery by a couple of quarters and it is likely to pick up only in second half of CY17.
During times of such volatility, Hiren Ved of Alchemy Capital Management says everything works on a day to day basis. "A little bit of better results, global markets are okay, then that adds to confidence because at this point in time there is too much fear on the streets," he says
A lot of the correction in the Indian market was because of external factors than domestic ones. Hiren Ved of Alchemy Capital Management says India will continue to remain vulnerable to such corrections unless substantial growth is seen.
Companies related to railways, renewables and infrastructure are also likely to benefit going ahead, said Hiren Ved.
Hiren Ved, Director & CIO, Alchemy Capital Management expects the interim Budget on Monday to be a non-event for the market. He says finance minister P Chidambaram might choose to cut plan/ non-plan expenditure to curb fiscal deficit. He believes the market already discounted Vote on Account.
Hiren Ved, Director & CIO, Alchemy Capital Management says he doesn‘t look at pharmaceutical as defensive or non defensive. He says the sector is doing extremely well and growth will continue irrespective. It is not as if the new government comes and the pharma sector will have no scope for growth and appreciation
Hiren Ved, Director & CIO, Alchemy Capital Management is bullish on Tata Motors.
Hiren Ved of Alchemy Capital Management said he continued to remain bullish on Tata Motors. “The company is increasing their capex means that they are very confident about their volumes going into the future,†he reasoned.
Hiren Ved, director and CIO, Alchemy Capital Management says the market is consolidating, but it remains in an uptrend. "Between now and Budget, I do think that the market direction should be upwards," he adds.
Hiren Ved, Director and CIO of Alchemy Capital Management feels the Reserve Bank of India (RBI) may not be ready to ease the repo rate at this point in time.
The Indian market snapped a three-day losing streak. The Nifty closed at 4,800.60, up 36 points. Today’s gain has not changed experts’ view on the market. According to them, the downtrend is still intact and the Nifty could head lower.
Despite the blows we have seen in the past few days, Hiren Ved, director and chief investment officer Alchemy Capital Management says that there is more way to go before the market bottoms out.
Hiren Ved, Director & CIO, Alchemy Capital Management share his view on IT space.
Even though we have seen a good rally the past week, Hiren Ved, director and chief investment officer of Alchemy Capital Management is skeptical about the chances of the market breaking out of the trading range.
During the bull market of 2007-08, Japan's Nomura was widely tipped to acquire Enam for USD 1 billion. In November last year, Enam eventually sold its investment banking and equity businesses to Axis Bank for Rs 2067 crore (roughly USD 460 million).
Prefer BHEL to ONGCin the follow-on offer, says Hiren Ved, Director & CIO, Alchemy Capital Management.
Hiren Ved, Director & CIO, Alchemy Capital Management remains overweight on FMCG sector.
Does the dying out excitement indicate that Indian equities might be in for more pain? Not really, says Alchemy Capital Management's director and CIO Hiren Ved. Though he doesn't see a major fall from current levels, the expects it to stay in a range on rising inflation concerns.
In an interview with CNBC-TV18, Hiren Ved of Alchemy Capital Management, spoke about his reading of the market and his outlook.
Ahead of the fourth quarter earnings, market mood is on an upswing. The party seems to be still on, as Nifty inches close to 6000 today. Experts think that the rally is here to stay.