Large and larger mid-caps IT companies are better positioned at current levels and any further volatility in this segment could warrant increasing allocation as risk to reward could turn attractive.
Gaurav Doshi of Morgan Stanley PWM says the quantum of net buying in India by foreign institutional investors (FIIs) has diminished significantly.
Prefer private sector banks with a bias towards retail lenders. The second preference will be Non-Banking Financial Banking Companies (NBFCs) primarily targeting the retail customer and the third and the last option is PSU banks, says Gaurav Doshi, VP - PMS, Morgan Stanley PWM.
In an interview to CNBC-TV18, Gaurav Doshi, vice president, Morgan Stanley PWM gives his outlook on the market performance.
Gaurav Doshi, VP - PMS, Morgan Stanley is overweight on IT space.
Gaurav Doshi, VP - PMS, Morgan Stanley shares his view on banking space.
Indian market is losing strength and the rupee too is making new record lows everyday. Investors and experts are worried that the situation may worsen if the government does not pull socks and take action in a hurry. Many reform bills are waiting to be passed in the Parliament, while the government is busy debating over cartoons.
The Nifty has been capped in a very narrow band of about 5,160 to 5,320, says Gaurav Doshi, VP-PMS of Morgan Stanley PWM. According to him, the Nifty needs to break-up this band.
Gaurav Doshi of Morgan Stanley says Nifty could return to 4,950 if crude breaks the USD 140 per barrel mark. Even as a house, they are bearish on crude.
With most key domestic triggers done and dusted, experts say consolidation and range based trading is on the cards for Indian equities.
Gaurav Doshi, Morgan Stanley Private Wealth Management is concerned that the market is likely to lose steam at around 5300-5400. In an interview to CNBC-TV18, he said that the market may consolidate post the risk-on rally and sees 4800-4850 as support.
See upside in Infosys, says Gaurav Doshi, Morgan Stanley PWM.
Healthcare and IT space may surprise positively, says Gaurav Doshi, Morgan Stanley PWM.
It was a steady and rangebound session at the market today. Most of the experts don't see the current rally taking the Nifty beyond 5,300. They advise investors to be cautious.
Avoid Jubilant Foodworks, Titan and Bata, says Gaurav Doshi, Morgan Stanley Pvt Wealth Mgmt India.
Gaurav Doshi, Morgan Stanley Pvt Wealth Mgmt India feels that there is not too much downside in ONGC from current levels.
August bought with it one of the worst series for markets worldwide, but luckily, it looks like this month is going to much better for equities. However, Gaurav Doshi of Morgan Stanley Private Wealth Management India says that he finds it difficult to predict how markets will behave this month.
In an interview to CNBC-TV18, Gaurav Doshi, vice president-equity specialist for PMS of Morgan Stanley Private Wealth Management India said, technical or India perspective is no longer going to be valid. He has a cautious stance on the market. “From a trader’s point of view, you just wait for the scenario to play out,” he added.
In an interview with CNBC-TV18, Gaurav Doshi of Morgan Stanley Private Wealth Management gave his outlook on the market and his forecast on the future trend of equities.
SBI has target of Rs 2000, says Gaurav Doshi, Fund Manager, Morgan Stanley.
Gaurav Doshi, Fund Manager of Morgan Stanley, in an interview with CNBC-TV18's Mitali Mukherjee and Udayan Mukherjee, spoke about his reading of the market and gave his outlook on the performance of a couple of stock going forward.
Buy Mahindra and Mahindra (M&M) and Tata Motors on any dip, says Gaurav Doshi, Morgan Stanley Pvt Wealth Mgmt India.
Gaurav Doshi of Morgan Stanley Private Wealth Management India, in an interview on CNBC-TV18, spoke about how he sees the market playing out post the credit policy review by the Reserve Bank today.
PSU banks on a relative basis start to under perform its private sector peers, says Gaurav Doshi, Morgan Stanley Pvt Wealth Mgmt India.
One can stay invested in the IT space, says Gaurav Doshi, Morgan Stanley Private Wealth Management.