A lot of things are in the pipeline, primary being the US tapering its bond buying programme, which can still upset the markets and turn EMs volatile
Federal Open Market Committee (FOMC) meet is to be held later on Tuesday. Lakshmikant Reddy, ICICI Prudential believes that whatever the Federal Open Market Committee (FOMC) will do, that would not change his long-term fundamental opinion on the Indian equities.
Expectations from the earnings season are not really great, says Lakshmikant Reddy of ICICI Prudential Life Insurance. Talking to CNBC-TV18, he says that in an otherwise dim earnings season, one bright spot could be the IT services sector.
Lakshmikant Reddy of ICICI Prudential Life Insurance explains on CNBC-TV18 that the market will remain buoyant till the government policy takes effect on the ground. He advises investors to bet on the NBFC and media sectors on the expectation of the issue of new banking licences and boost in advertising revenues.
Lakshmikant Reddy, EVP & Head of Equity, ICICI Prudential Life believes the earnings season has more or less met expectations so far. The market has seen several sharp upmoves, but for it to sustain there has to be improvement in the ground.
Lakshmikant Reddy, Sr. VP & Head - Equity, ICICI Prudential shares his view on IT space.