Sanger says US market is liking the pro US growth story under Trump administration. US traders see taxes being cut and less regulatory burden due to Donald Trump winning the elections as a huge positive for the market.
Jonathan Garner of Morgan Stanley sees India as a fast growing market and expects the growth to accelerate further in the coming days. He says it is among the bright spots in the post-Brexit world. He is bullish on consumption, industrial and cyclical plays
Answer: Till as long as the liquidity taps are open.
A serious risk to global markets has emerged in the form of the British referendum slated for next week, says Arvind Sanger of New York-based Geosphere Capital.
Arvind Sanger of Geosphere Capital is not sure whether the selling in the Indian market is done for now, though he feels it is more panic-selling since India's macros are rather stable and it is earnings (including Q3) that is not showing enough momentum
Arvind Sanger of Geosphere Capital Management says the poor Q4 earnings season hints at the dismal condition of the economy as there was virtually no topline growth in the quarter.
Sanger says he will wait for signs that the economy is benefiting from the positive mood and from the policy measures announced by the government recently
Arvind Sanger, managing partner, Geosphere Capital expects the Indian equity market to see a 20 percent upside by the year-end.
According to Sanger, there is surplus liquidity in the world and scarcity of growth and India is the only bright spot. Its GDP is expected to move from 5 percent to 6.5 percent in the next few years. He says the outlook for India has improved in past few months.
Unlike other experts, Sanger believes a strong data from US economy will be beneficial to domestic and emerging markets. He sees Indian market scaling above record highs of 6350 level and believes BJP-led government will be a big positive for equities.
Indian market is losing strength with foreign investors fleeing the shore in fear and concern about strong government policy. There may be further bad news as experts feel that May is a month to sell and the Indian market may slip again. Arvind Sanger, Geosphere Capital feels that Indian market may see 5-10% correction from now.
In an interview to CNBC-TV18, Sanger warns that the Nifty may even tank to 4500. Pegging growth at 6.5% in 2012, he is worried that India’s policy action is getting hard to play.
Arvind Sanger of Geosphere Capital feels the recent price hike in diesel and other petroleum products is a positive move.
It's a big day for Finance Minister Pranab Mukherjee as he announces the Union Budget for financial year 2011-12. But, according to Arvind Sanger of Geosphere Capital, the big question for the market is the movement of crude and not the Budget. He is not expecting much from it.