Recently the rupee has bounced back, which has also been helpful to investor sentiment. By reducing demand for dollars, and tightening domestic liquidity & positive steps which will help banks mobilize FCNR deposits, the RBI has succeeded in breaking the arresting the rupee fall.
Rahul Chadha believes IT sector would relatively hold on in this market and will provide the safe haven at least for the near-term after the companies posted good earnings due to the fall in the rupee.
Rahul Chadha of Mirae Asset Global Investments sees falling inflation and rate cuts as triggers for the economy. He remains overweight on pharma stocks and wary of refining and petchem stocks.
Rahul Chadha, Mirae Asset Global Investments is more positive on passenger car segment over two-wheelers in the auto space.
One can see further upside in Oil Marketing Companies (OMCs), says Rahul Chadha, Mirae Asset Global Investments.
Rahul Chadha, Mirae Asset Global Investments is of the view that one can add cements stocks on dip.
Rahul Chadha, Mirae Asset Global Investments continue to be overweight on financials with a portfolio weight of about 30-33 percent.
After a slew of reforms from the government in the last 72 hours, Rahul Chadha, Mirae Asset Global Investments believes that the policy actions have removed the tail risk looming large on India in terms of sovereign downgrade and the huge oil led deficit.
Mirae Asset Global Investments (I) Pvt Ltd today announced the appointment of Jisang Yoo as its new CEO. Yoo was serving as the Chief Financial Officer and has been associated with Mirae Asset India since 2009, a company statement said here.
Rahul Chadha, Head of India Investment / Associate Director, Mirae Asset Global Investments is overweight on IT, pharma sectors.
Rahul Chadha, Head of India Investment / Associate Director, Mirae Asset Global Investments is overweight on cement space.
Rahul Chadha, head of India investment/associate director, Mirae Asset Global Investments says that for the market to perform, successive rate cuts are needed over the next 12-15 months.