In this episode of Market Minutes, Lovisha Darad discusses about key factors that will guide market direction on December 1. After two-month exit runs, foreign investors bought Indian equities worth over Rs 9,000 crore in November. That apart, a new listing is scheduled for today – Flair Writing Industries. According to unlisted markets, shares of Flair Writing enjoyed a premium of 30 percent in grey markets. Also, catch Amar Ambani of Yes Securities on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
A key sector to watch out for is the building material space - cement, PVC pipes, home improvement, and paints. It is pertinent to note that the fast-moving affordable home inventory is a trump card for real estate players with strong balance sheets.
One should not get carried away with index levels. It is important to stick to a disciplined approach of buying and holding on to great businesses and eliminate undeserving names from the portfolio, say experts.
It is also an opportune time to tweak and tighten your portfolio for the next bull run. Vikram Samvat 2077 could well be akin to the year 2003, from a market standpoint.
We can certainly address the low-hanging fruit. There’s no need to import coal or any product that is labor-intensive which we have it in abundance, said Amar Ambani for Yes Securities
Even as we believe that 2020 will witness volatile moves, it is going to be a great year for portfolio building, for the next upcycle.
Confidence in the equity market and even fixed income instruments have taken a hit. This is a phenomenon that repeats every time there is substantial price damage in the market.
2020 will be a year to firm up positions in equities, as 2021 will bring a start to a secular rally, says Amar Ambani of YES Securities.
Marketmen keenly await the quarterly GDP data. Scenarios of RBI cutting rates and helping improve credit availability are among the key hopes, says Amar Ambani.
Market analysts have applauded the actions by Indian Air Force and at the same time advised investors to remain cautious and buy quality stocks for long term
Nifty inches upwards in 2019, we could see a strong bounce back in many midcaps and small caps, but this revival would still be part of a major bottoming-out process for this space.
Indian equity attractiveness is high, vis-à-vis fixed income, gold, and property. It’s possible to see Nifty hitting the 13,000-mark in 2019
Based on our techno-fundamental analysis, we see it rising up to $2000 in the medium term with a possibility of touching $3,000 in the coming years.
There are many stocks that will bottom out before the market does. So it makes sense to go for a stock specific approach, says IIFL's Amar Ambani
More than the Fed action, one should be worried about what China will do to revive its economy, says Amar Ambani, head of research at IIFL. "China devaluing its currency further is a risk," he says
Watch Nilesh Shah of Kotak Mahindra AMC, Dipen Sheth of HDFC Securities and Amar Ambani, Head-Research at IIFL share their opinions and views about market at Investor Forum in Mumbai.
The severe competition amongst auto companies could in fact help the ancillary space, especially when there is a constant demand for new innovative products for new models, says Amar Ambani of IIFL.
Amar Ambani - Head of Research at IIFL is of the view that one can keep eyes on Can Fin Homes and Suzlon Energy.
Global risk off sentiment engulfed markets owing to political uncertainty in Greece and global crude oil prices slipping to multi-year lows. But this is temporary, agree both global and domestic investors
The week also saw a smooth but sluggish November series futures & options expiry on Thursday. Nifty rolled over to December series 72% vs 64% in last expiry. Higher rolls were witnessed in auto & infra spaces
Amar Ambani of IIFL says it maybe futile to wait for any fall right now, as there isn‘t much negative material to impact the market on the downside.
Demand and high prices of oil and gold are playing the spoil sport and triggering high CAD. The government has taken steps to curb gold import, but smuggling of the metal has jumped manifold. The only long-term solution is to control inflation and to have an alternative of financial instrument that people can choose over gold
The market would be keenly watching elections for further direction, says Amar Ambani of IIFL. He sees a rate cut of 25bps in June however adds that the central bank may maintain a status quo for rest for the year.
Union Budget 2013-14 could be termed prudent but not outright populist! The FM did some things right and while many expectations were met, the Budget has missed out on several counts. For one, it failed to address the problem of the Current Account Deficit, which admittedly was a bigger worry than fiscal deficit.
Budget 2013 is an acid test for Finance Minister P Chidambaram as he tries to revive the economy while keeping all stakeholders in good humour. Has he been equal to the task? Find out