India`s move to allow foreign individuals to directly invest in its stock market is unlikely to boost the country`s sagging equity market in the short-term, the head of the Bombay Stock Exchange told CNBC Tuesday.
The market has been pelted by a lot of stones in the form of high interest rates, inflationary pressures, slowing growth and lack of policy action throughout this year.
The earnings have been very mixed says, Aadil Ebrahim, Bowen Capital Management. He is positive on Infosys, Bajaj Auto, HDFC, Jubilant Foodworks and Marico. However, he advises investors to stay away from Kingfisher Airlines and United Spirits.
With the depreciating rupee and good valuations in the equity market, Aadil Ebrahim, Investment Manager at Bowen Capital Management believes that this is a good time to invest in India.
Aadil Ebrahim, Investment Manager, Bowen Capital Management Ltd gives CNBC-TV18 his reading of the market and how he sees the Nifty performing hereon.
Aadil Ebrahim, Investment Manager, Bowen Capital Management Ltd tells CNBC-TV18 that liquidity will not enter our market till inflation numbers come in lower.
The market scene has been volatile over the past few days. Oil prices have been slipping downwards and global markets are unstable. Talking about the India market in such a backdrop, Aadil Ebrahim, investment manager with Bowen Capital Management says that the Nifty has outperformed its Asian peers, only because of the decline in crude prices.
We have seen decent amount FII of money coming into the markets in the past six weeks or so. Aadil Ebrahim, investment manager at Bowen Capital Management, in an interview with CNBC-TV18’s Gautam Broker and Latha Venkatesh, spoke about the FII view and where the market heads from here.
It has been a gradual but strong performance from the market. The Nifty has pulled back all the way from the 5,360 level in the last one week timeframe. Aadil Ebrahim of Bowen Capital Management in an interview on CNBC-TV18 spoke about where he sees the market headed hereon.
In an interview with CNBC-TV18, Aadil Ebrahim of Bowen Capital Management said,"If you look at the month of March so far the Indian market is one of the best performing markets globally."
Aadil Ebrahim, Bowen Capital Management says there is a broader consensus call that the US markets will outperform the developing markets. “If people are shifting funds to long Japan, long US and Europe sort of doing a lot better, I don’t see a lot of strong foreign fund flows flowing into emerging markets (EMs),” he adds.