The manufacturing activity in the US has hit a two-year high, so if this data happens to be significantly higher, as expected, then one cannot rule out the possibility of stimulus withdrawal happening in December or January, says Arindam Ghosh of Blackridge Capital.
Arindam Ghosh, MD & CEO, Blackridge Capital Advisors, believes RBI will go with the consensus and hike repo rate by 25 bps and lower MSF by an equivalent amount. As far as the mkt goes, he feels the move from 5,200 to 6,200 level is kind of huge and one needs to be cautious at these levels.
According to Arindam Ghosh, MD & CEO of Blackridge Capital Advisors, one may prefer private sector banks and stay away from the PSU pack.
Arindam Ghosh, MD & CEO of Blackridge Capital Advisors is of the view that one may enter banking stocks on some correction.
According to Arindam Ghosh, investor confidence will build up in India if investment climate improves and growth revives. Conviction- buying, key barometer of investor confidence, is yet to happen.
The market may see an additional correction of 10-12 percent going forward, says Arindam Ghosh of Blackridge Capital Advisors. He told CNBC-TV18 that banking stocks would continue to be stressed till there is some stability in the market.
The Indian version of Operation Twist is expected to get some sanity back in the market. Banking stocks are at a level where it may see some short-term relief rally. But it will be more sentimental than fundamental because the issues plaguing the sector still exist
Currently, whichever way you look at it, valuations are extremely expensive, investors should be cautious, asset allocation is going to be the biggest challenge no matter which asset class is looked into
The investment climate here is weak, with short-term rates going up, working capital cycle getting extended and deterioration in asset quality etc. it is not a three month, six month kind of a solution. The collateral damage is going to get far extended into the next year as well. The path to recovery is going to take a much longer while
In an interview to CNBC-TV18, Arindam Ghosh, MD & CEO, Blackridge Capital Advisors spoke about the volatility returning to the data. He also speaks on the impact of economic data on the bourses.
It will be tough for India to attract more capital in such a low liquidity scenario
Liquidity in the market is expected to become tight, which will lead to a fall of 10-15% in the market.