In the coming week, investors’ focus would be on earnings season, the outcome of Legislative Assembly elections in Haryana and Maharashtra, and trade deal
On consumer durables, he feels stiff valuations warrant a buy on dips strategy
Umesh Mehta recommends 5 stocks that would be wealth creators for the next 2-3 years would be Hindustan Zinc, HDFC, SBI Life Insurance, Kotak Mahindra Bank and ITC.
The credibility of the banking sector is badly hit by the revelations of fraud at the topmost level of management. It will not be easy for the sector to gain the investors' trust again.
Slowing global economic growth has been hurting Indian IT companies’ earnings. But Infosys is better placed than TCS to win large deals which will provide better growth visibility ahead
We expect Nifty50 to inch towards 11,500-11,600 shortly. The Nifty50 could see a brisk movement as and when it crosses the 200-DMA placed at 11,222 level, says Rusmik Oza, Head of Fundamentals Research, Kotak Securities
Going forward, we expect the rupee to face stiff resistance around 70.80 levels and witness some depreciation all over again
The coming week can be clouded by speculations of the GST council outcome which is expected on the 20th of September.
Gold has been moving up and from US$ 1,340 onwards, we have been suggesting exposure of not more than 5 percent of the portfolio to gold.
On the mega-merger of PSBs, Ajit Mishra, Vice President of Religare Broking said consolidation would lead to better governance and efficient NPA management.
Value-for-money business models are doing well across sectors like consumer durables, paints, apparel retailers, grocery retailers, etc, says Chockalingam Narayanan
For retail investors, it is important to focus on longer term horizons, says Mihir Vora, Director and CIO at Max Life Insurance.
Nifty has potential to test 11,250-11,300 on the upside while 10,950-11,000 would act as immediate support for the index
The Nifty likely to consolidate in the range of 10,850-11,200 for the coming week. Auto, Real Estate and NBFC can outperform the index
I follow a bottom-up approach, and for me, quality of business, quality of the management, and quality of balance sheet are important, Ashish Chugh, Director of Hidden Gems Advisory.
I am fully invested. And, honestly speaking, I am sad as all my investments are down, but I am hopeful, says Vijay Kedia in an interview with Kshitij Anand.
"On a net basis, we have been able to bring commercial real estate loans down by about Rs 4,000 crore so from a little over Rs 20,000 crore, it will be down to about Rs 16,000 crore," Banga added.
Marketmen keenly await the quarterly GDP data. Scenarios of RBI cutting rates and helping improve credit availability are among the key hopes, says Amar Ambani.
We are just ahead of an important event such as RBI meet, and the markets need to sustain this important level of 10,800-10,900 mark since it is an important as support.
The bigger issue with broader markets is the slowdown in growth, said Chhaochharia.
"We think that there is a combination of cyclical factors and policy missteps in India and those could be reversed," said Barger
India is still a stock picker’s market and there is scope for active management, and for fund managers to deliver alpha over the long term. says Sampath Reddy.
The weakness in macros and slowdown at the ground level is really taking the markets lower given the valuations are still at higher levels, says Umesh Mehta.
Gill did not specify the quantum of capital required for the mid-20s level of growth the bank is targeting at but said that $1 billion of capital would see the bank through the medium term.
Some of the issues like NBFC crisis are cyclical in nature and should be resolved over the next couple of quarters