It would be difficult for to market to make new highs every day without a good reason, UR Bhat of Dalton Capital.
According to UR Bhat of Dalton Capital, corporate earnings for the quarter would be much worse than expected due to demonetisation.
IT and automobile are the sectors to hide in at this time, UR Bhat, director of Dalton Capital Advisors said. Any bet on banks can be taken after December quarter results only.
Discussing market fundamentals on CNBC-TV18, UR Bhat said that a Donald Trump presidency will bring uncertainty in the market but the US policy is not likely to change dramatically if he wins.
If Donald Trump wins the correction won't be too deep but the market will remain volatile as a potential Trump victory has not been factored in, says UR Bhat, Director of Dalton Capital Advisors.
If the GST is passed, it would give a good opportunity for short-term traders to sell, says UR Bhat, Managing Director, Dalton Capital Advisors.
UR Bhat of Dalton Capital says a turn in the investment economy -- likely a few quarters away -- and higher recapitalization figure is what the market needs for bank stocks to become ripe purchases.
The recent Nifty lows of 7,500 look like a reasonable bottom and all domestic negatives are priced in at that price, UR Bhat of Dalton Capital says.
UR Bhat of Dalton Capital does not Nifty to rise significantly in near future. However, he expects a fall if Greek situation worsens.
Sudarshan Sukhani, s2analytics.com says there are no shorts in this market and one needs to stay long in the Nifty
Issues such as rising oil prices, taxation and uncertain monsoon have been weighing the market since it was 400 points higher than it is now, says UR Bhat of Dalton Capital.
The market currently is discovering new stories to take it up but banking will continue to be the driving force. "The stock market theory is rested on the banking sector and no other sector is likely to take it up,†says Ajay Srivastava.
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
UR Bhat of Dalton Capital Advisors sees the RBI hiking rates twice by March, and he sees inflation continuing to be a concern
For the markets to look fundamentally strong, economy has to resurrect, CAD has to come down, exports have to pick up and industries have to get back to business, says UR Bhat of Dalton Capital.
UR Bhat of Dalton Capital advises not to expect much rise in the market from current levels. He feels the rally aided by foreign funds is more or less over and the market could take a turn.
It looks like Japan and US are attracting most of the capital these days and market like India are not quite the favourites with global investors. UR Bhat, MD, Dalton Capital feels that a few days of marginal negative flows from Foreign Institutional Investors (FII) have caused quite some damage to the market.
UR Bhat, MD, Dalton Capital Advisors is not ready to laud the government for announcing reformist measures. Bhat calls it an effort to boost sentiment rather than making any substantive changes to the economy.
UR Bhat, managing director of Dalton Capital Advisors says, he sees the Nifty in 5,000-5,400 range. "If there is an LTRO III or something like that, I think 5,400 is a possibility. But if there is a disappointment on the LTRO front or on the QE3 front, I think 5,000 might be at risk," he adds.
It has been a tough fight against the bears and Indian market is almost out of breath now. The tug-of-war is far from over and it seems only government's strong impetus will boost sentiment. Worried about the bearish trend, UR Bhat, MD of Dalton Capital Advisors feels that the Nifty may fall to 4700 in the near-term.
In an interview to CNBC-TV18 UR Bhatt tells that there is a huge reform in subsidiary regime that is outside the Budget. He also says, the money market today signaled that under provision for subsidies are bothering the Reserve Bank.
In an interview to CNBC-TV18 UR Bhatt tells that there is a huge reform in subsidiary regime that is outside the Budget. He also says, the money market today signaled that under provision for subsidies are bothering the Reserve Bank.
Managing director of Dalton Capital UR Bhat believes that this Budget is the only window of opportunity for oil reforms else they won’t happen over the next two years.