Investor wealth today soared by over Rs 1 lakh crore helped by the BSE benchmark Sensex's nearly 390-point surge on hopes of a aggressive rate cut by RBI and expectations of a lower fiscal deficit on falling prices of crude oil and gold.
The most important Budget takeaway to watch out for would be to see some action on the mining and land acquisition bills, says Lalit Thakkar, MD Institution, Angel Broking.
According to Lalit Thakkar, managing director of Angel Broking, this is not the right time to sell. In an exclusive interview to CNBC-TV18, Thakkar said that the market has not traded at a 12PE range for the past 7-8 years, barring the 2008 crash. Therefore, everyone should look at cashing in on the opportunity.
Lalit Thakkar, managing director, Angel Broking said the market is unlikely to go below the levels of 5000-4950. "The G-7 nations are going to be together to see that there is no turmoil in the economies," added Thakkar.
Accumulate Infosys, says Lalit Thakkar, MD, Angel Broking.
Sun TV looks attractive at this juncture, says Lalit Thakkar, MD, Angel Broking.
Lalit Thakkar, Angel Stock Broking is bullish on IVRCL Infrastructure, Housing Development and Infrastructure (HDIL), Alembic, Greenply Industries, Mphasis and Electrosteel Castings.
The Indian markets off late have been performing very badly. Lalit Thakkar, MD-Institution, Angel Broking says, the Nifty may bottom out at 5,350-5,400 level. He feels that interest will come back from the retail investors.
Lalit Thakkar, MD - Institution, Angel Broking says, the Sensex may bottom out at 18,500 level. “If Sensex is expected to deliver Rs 1,280-1,275 earnings per share (EPS) on FY12 earnings, probably we might see market again bottoming out at 18,500 level which was the case around couple of months back, he adds.