Don't think only India, don't think only global. We need to be in every place where the money is supposed to be made, says Shankar Sharma.
The Mantra: There is always a ‘Bull Market’ somewhere in the world, even as there is a ‘Bear Market’ elsewhere at the very same time!
With greater amounts of data being available, the need to "storify" has increased, write Shankar Sharma and Devina Mehra.
Kshitij Anand talks to Shankar Sharma, co-founder of First Global, about investing in global markets and the value of small caps.
Shankar Sharma’s India-focused PMS strategy, Indian Multi-Asset Allocation Portfolio (IMAAP), fell just 3 percent against a 23 percent, while the other scheme ‘India Super50’ fell by over 7 percent in the same period.
“We are not in the middle of a global slowdown," the ace investor said.
Impact of it could go beyond December and the government will have to provide some stimulus to boost businesses and people, said Shankar Sharma, VC and Joint MD of First Global.
Speaking to CNBC-TV18 Shankar Sharma of First Global said that India is in a good shape. Within emerging markets, India is a steady one, he said, adding that FII selloffs don‘t determine market outcomes.
Market has rallied a lot from February lows and it is normal to see a correction of 7-8 percent after a big run feels Shankar Sharma of First Global speaking to CNBC-TV18 on a day when the Nifty slipped below the key resistance level of 8,750.
In an interview to CNBC-TV18's Udayan Mukherjee and Sonia Shenoy, Ramesh Damani, Member of BSE, Mahesh Nandurkar of CLSA and Shankar Sharma of First Global shared their expectations from Arun Jaitely's Union Budget and their outlook on the road ahead.
"India in particular has been in a bear market grip for the last one year atleast. Market has flattened out, in dollar terms it is down significantly and this qualifies as a bear market without a doubt," says Shankar Sharma of First Global
Shankar Sharma of First Global says that while he is not predicting a 50 percent market crash like it happened in 2008, the market is headed down and with similar speed that one saw back then.
Shankar Sharma of First Global acknowledges stability in India's macro situation, but questions its strength in driving corporate earnings, particularly of large companies going forward
In a conversation with Udayan Mukherjee, Shankar Sharma, Global Trading Strategist at First Global affirms Indian equities are in a long-term bear market with cyclical bull rallies thrown in.
Also, Shankar Sharma adds if nothing very disturbing happens on the political front, India is good to go
In an interview to CNBC-TV18, Shankar Sharma of First Global says the market is heavily 'over-leveraged' on the 'Modi trade'. He compared it to a hyped up initial public offering. He cautioned that investors have never made money on hyped up IPOs.
Shankar Sharma of First Global feels we are still in a bear market, and the upcoming general elections will weigh on sentiment.
Not only India but global markets on the whole are wading into a deep and vicious bear market.
The Nifty ended at 4,764. According to experts, a relied rally is possible. However, they strongly believe that there is more downside to the market and the Nifty may slip below 4,700.
Devina Mehra, First Global is neutral on Maruti Suzuki.
Devina Mehra, First Global is positive on TCS.
Devina Mehra, First Global kept Market performer rating on Infosys.
In an interview with CNBC-TV18, Devina Mehra, First Global says, it is a little early to make a call on the earnings. According to her, the market would be close to the fairly valued range.
Devina Mehra of First Global, in an interview on CNBC-TV18 gave her outlook on where she sees the market heading. Below is a verbatim transcript of her interview. For the complete interview watch the accompanying videos.
Devina Mehra, First Global is bullish on banks.