Ambareesh Baliga of Edelweiss Securities expects banking stocks to show a dismal performance owing to its non-performing loans (NPLs).
Ambareesh Baliga, managing partner-Global Wealth Management, Edelweiss Financial Servicessays the market bounce back will not last long and expects the Nifty to see an upside of 5500-5550.
In an interview to CNBC-TV18, Ambareesh Baliga of Edelweiss Financial says the Indian equity market will catch up with the global markets that have seen lows in the recent times.
Ambareesh Baliga of Edelweiss Financial says any bounce back should be utilised by people to book out to a certain extent and go short.
Ambareesh Baliga, managing partner, Edelweiss Financial Services, believes the low inflation number will make the case for a 50 bps rate cut.
The market could rise further, driven purely by liquidity, feels Ambareesh Baliga of Edelweiss Financial Services.
One should tender part of their shares and if one has a longer-term view for the next three-four years, even despite the company denying it, the company will have a delisting.
Ambareesh Baliga, Independent Analyst, says that there were hardly any sentiment changes for the market from the Budget. He is of the view that the market will drift lower for next couple of weeks and the Nifty may move closer to 5550-5600 level in days to come. Going forward, only global cues will be seen as a trigger for any bounce back.
In this edition of Investor Camp, independent analyst, Ambareesh Baliga recommends a number of stocks that he is bullish on.
Ambareesh Baliga, Independent Analyst tells CNBC-TV18, that even though the market saw new highs in January, nothing substantial happened. He sees resilience in the market and hopes for new highs in February.
Ambareesh Baliga, independent analyst, feels that currently the market is in a no trade zone and the market needs to keep an eye on Parliament developments. He is positive on some media stocks and Titagarh Wagons.
Market would cheer oil and gas major's first quarter earnings because the company has posted impressive GRM margins, said Ambareesh Baliga, COO, Way2Wealth.