We see soft global economy, not only in the US or developed markets, but also in Asia, said Bill Belchere of Mirae Asset Management. He feels that the commodities would fall in this uncertain environment. He expects dollar to remain stable.
Rahul Chadha, Mirae Asset Management is underweight on IT sector.
RBI’s monetary policy announcement today is going to be a determining factor for the market. Rahul Chadha of Mirae Asset Management expects a 25 basis points (bps) hike because of high inflation levels.
To Rahul Chadha of Mirae Asset Management it seems unlikely that the market will go up from current levels. Thus, at times like these, he suggests investors to look at valuations individually for sectors.
Rahul Chadha, Mirae Asset Management feels market is likely to witness a 10% upside over next six- nine months. He says, globally, issues related to European debt crisis, US debt ceiling are being solved comfortably thus we are seeing bit of positive traction on the policy action.
Rahul Chadha, Mirae Asset Management, in an exclusive interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, says: “India will continue to underperform in the near-term as the fiscal balance is in a worse shape compared to other peer ASEAN markets. In the current scenario, a much larger policy push to the economy is required”.
Government policies, inflation and weak earnings seem to be talking a toll on Indian market. The market sentiment is also largely hit by high crude price and weak global cues. Experts feel that the jittery is set to stay here for long.
The crisis in the Middle East North Africa (MENA) region continues to be irksome and worrying, according to Rahul Chadha of Mirae Asset Management. In an interview on CNBC-TV18 he talks about the market and what his reading is.
Mirae Asset Management foresses another round of derating soon but expects valuations to become a lot more attractive. Once the ECB begins hiking rates, overall sentiment on emerging markets will become positive once again. At the moment "investors taking wait & watch approach for India."