Saurabh Mukherjea, CEO-institutional equities of Ambit Capital, maintains his Sensex year-end target at 29,500.
The problem according to Saurabh Mukherjea of Ambit Capital is that two developmentsâ€”negative interest rates and negative inflation-- are striking at the heart of the premise that the entire banking system is built on
The key sensitivity areas to look at include whether China uses this opening to significantly devalue the RMB, according to Saurabh Mukherjea of Ambit Capital.
The benchmark BSE Sensex could dive to 22,000 levels by end of the current fiscal, owing to adverse global developments following Britain's exit of European Union, says a report
As per estimates by financial services and investment research firm Ambit Capital, the CPI inflation is expected to average at an estimated 5.8 percent year-on-year in the current fiscal, which is higher that the RBI's projection of about 5 percent.
The market will quickly try to suss out if the new person has the spine to stand up to New Delhi, and if he doesn‘t, the rupee will bear the consequence, says Ambit's Saurabh Mukherjea
The Indian economy is unlikely to witness a broad-based recovery, as a stressed banking system continues to be unable to fund a turn in the investment cycle, says Pramod Gubbi of Ambit Singapore.
Nifty may see some fleeting short-term resistance, but there are no major hurdles going forward and it may touch 8700 levels soon, says Jai Bala of Cashthechaos.com.
Pramod Gubbi, analyst with Ambit Capital, said the agenda seems to be towards bringing in more transparency in line with what the government has been doing to control black money.
This conclusion has drawn on basis of the Regional Keqiang Index (named after a similar China-based index) launched by Ambit, which has been conducting extensive research on ground-level economic indicators across the country, Mankar says.
With the Sensex breaking below 23,000, Saurabh Mukherjea of Ambit Capital is continuing to stick with his 22,000 call but says the occurrence of three events will make him call a likely bottom to the market.
â€œThe potent combination of a slowing economy with gradual deterioration in banking system makes it inevitable that we will run into serious challenges over the course of CY16,â€ Saurabh Mukherjea, CEO-Institutional Equities says.
Saurabh Mukherjea - CEO, Institutional Equities at Ambit Capital is of the view that one can buy Tata Consultancy Services.
Thomas Rookmaaker, Director in Fitch Ratings‘ Asia-Pacific Sovereigns says the election results are not likely to impact decisions by foreign investors in other states. Hence he does not expect major implications on the economic front.
Saurabh Mukherje, CEO of institutional equities at Ambit Capital, rues about the fact that corporate earnings have been alluding the market for almost six quarters now, while Arvind Sanger of Geosphere Capital Management says there are worries that the BJP government may turn populist to gain voter confidence
The branch is being investigated for illegal foreign exchange transactions estimated at as much as 60 billion rupees ($922 million) with the trail of evidence spanning from the Middle East to Latin America.
Market veterans Sanjoy Bhattacharya, Managing Partner of Fortuna Capital, KV Sivasubramanian, Former CIO of Franklin Templeton, Saurabh Mukherjea of Ambit Capital and Ramesh Damani, Member of BSE discuss the art of selling in stock market.
Ambit points out that capital cost of store addition in context of the business is high citing that aggressive store addition over the years has seemingly diluted store portfolio.
"Companies like Jaiprakash Associates, GMR Infrastructure, Lanco Infratech, among others, which are by and large fully bankrupt companies, are the star leaders in this run up to this thing. It tells you what the quality of this rally is going to be," says Ajay Srivastava, CEO of Dimensions Consulting
While retaining his Sensex fair value target of 28000 by March, Saurabh Mukherjea, CEO of institutional equities at Ambit Capital, cautioned that the index slipping to 22000 is a distinct possibility.
The domestic slowdown and the powerful reset in government policies are coinciding with a major shift in the global economic ordersays Saurabh Mukherjea of Ambit Capital
According to Saurabh Mukherjea, CEO-Institutional Equities at Ambit Capital, one may see downside in Larsen and Toubro and UltraTech Cement.
China's slowing economy will take a heavy toll on the Indian economy with high chances of Sensex sliding to 22,000 by year-end, warns Ambit Capital's Saurabh Mukherjea.
The deepening downturn in India's crucial building sector makes it easily understandable why Prime Minister Narendra Modi's image as the country's economic saviour has lost its lustre just over a year after his resounding election victory.
From a three-five year horizon, all aspect of India story looks exciting, says Pramod Gubbi, Director-Institutional Sales at Ambit Capital.