The gas price hike will give a big turnaround for investment sentiment says RS Sharma former CMD ONGC. Talking to CNBC-TV18. he says that as ONGC is a company that contributes towards the under-recoveries of the oil marketing companies (OMCs), this is good for them as they need liquidity.
Indranil Pan, chief economist, Kotak Mahindra Bank explains to CNBC-TV that he estimates the IIP to be at 5 percent due to a base effect from October 2011 and expects an upswing in consumption. Pan is however not very optimistic on the investment sentiment on higher interest rates and poor visibility of domestic and overseas demand.
Even as the European economies face one of their worst phases, one of the largest sovereign wealth funds, the trillion dollar Abu-Dhabi Investment Authority, is planning to divert its funds to India.
Andrew Holland, chief executive officer- equities at Ambit Capital tells CNBC-TV18 in an exclusive chat that now is a great time to buy Indian stocks with a two year perspective. He sees Nifty moving towards the 5200 levels in the short-term.
Market experts say that risk appetite abroad is what will determine the direction the Indian market takes in the near- to medium-term. Binay Chandgothia, managing director, Principal Global Investor joins CNBC-TV18 to give insight on investment sentiment overseas.
The infrastructure sector seems to be building itself a tower of troubles. Not only are projects suffering due to a cash-crunch and waning investment sentiment, investors seem to be losing interest in the company stock too! Priyanka Dalmia of CNBC-TV18 has a report.
Srinivasan Varadarajan, executive director of Axis Bank joins CNBC-TV18 to talk beyond the financial numbers posted by the bank for the first quarter and throw light on the way forward for Axis Bank.
In view of the dismal May industrial production data and a slowing inflation growth, yet an upward run in prices, should the RBI take a breather in its rate hike cycle? Dr.Shankar Acharya and M.D Mallya debate it out on Indianomics.
Investment sentiment is seen decreasing in India, pushed down by the interest rate hikes. This raises questions on the ability of banks to raise their loan books and the overall volume of business of banks, going into future. Srinivasan Varadarajan, ED of Axis Bank and RK Bakshi, ED of Bank of Baroda, join CNBC-TV18 for a tête-à-tête on the topic.
Sonal Varma, India Economist, Nomura Financial Advisory & Securities (India) Private Limited tells CNBC-TV18 that she sees investments picking up, going forward. However, adverse base effect from agriculture and the moderation in service industry is likely to keep headline GDP range bound between 7.5-7.9%, she says.