"We think the global environment is conducive for emerging markets," said Sridhar Sivaram, investment director, Enam Holdings.
It is a good consolidation which the market needed. It is a reminder to people that it is not a one-way street and many investors which joined equity markets in the last three years haven’t seen at all.
ICICI Securities expects the Nifty at 9,700-mark in FY18
Sridhar Sivaram of Enam Holdings sees positive impact from interest rate transmission on earnings. He likes infrastructure, construction and capital goods and believes that the market will continue to climb wall of worry
In a relief for the foreign investors, the tax department has put on hold its recent directive on taxation on indirect transfers.
Speaking to CNBC-TV18 Sridhar Sivaram, Investment Director AT Enam Holdings, said that the CBDT circular regarding tax norms for FIIs is absurd.
Globally, markets are looking volatile. While the US dollar is expected to appreciate further, the euro is likely to slip. This volatility in currencies will have repercussions on emerging markets too, says Manish Chokhani, Director of Enam Holdings.
Demonetisation will be positive for medium to long-term. However, in the short term the impact can be seen on daily wagers who probably are getting shifted to the brink of below poverty line, says Sridhar Sivaram, investment director at Enam Holdings.
India will see reasonable earnings growth over the next 6-9 months and that should give the market another leg of growth, feels Akash Prakash, Fund Manager & CEO of Amansa Holdings.
While the current market is driven by liquidity, it will not last forever and earnings will have to improve for growth, Sridhar Sivaram, Investment Director at Enam Holdings told CNBC-TV18.
Whether the market can continue to rally from hereon will depend on earnings growth and right now the feelers are not that great, says Sridhar Sivaram, investment director at Enam Holdings
Chokani also commended the borrowing figure, which has decreased from the previous year. This he thinks would be taken positively by the bond markets. He also discussed the fiscal deficit number, which according to him is real and credible.
Sridhar Sivaram, investment director at Enam Holdings believes it is time to protect capital, not even to bottom-fish, as domestic earnings are not improving while there are strong global headwinds.
Manish Chokhani expects this government to present a pathbreaking or a bold, pragmatic business growth oriented Budget.
Raamdeo Agrawal, joint MD of Motilal Oswal Financial Services is a great believer of power of value migration.
Manish Chokhani, director, Enam Holdings says that global interest rates won‘t rise in a rush.