Jain, however, told Moneycontrol that he is “very much part of OfBusiness, (and is) just exploring options" with OfBusiness as a partner. "I’m still a proud OfBian.”
Foreign portfolio investors have net sold Indian stocks in four out of the past five months. But Nitin Jain of Kotak UK believes the foreign investor will return to Indian shores soon.
In an interview to CNBC-TV18, Sanjay Tolia, Partner Tax at PwC, Samir Kanabar, Partner at EY, Feroze Azeez, Deputy CEO, Anand Rathi Private Wealth and Nitin Jain, CEO, Global Asset Management at Edelweiss shared their views on what does this Budget 2017 mean for your personal wealth, your taxes and your life as a common citizen of India.
In an interview to CNBC-TV18‘s Surabhi Upadhyay, Sanjay Tolia, Partner Tax at PwC, Samir Kanabar, Partner at EY, Feroze Azeez, Deputy CEO, Anand Rathi Private Wealth and Nitin Jain, CEO, Global Asset Management at Edelweiss shared their views on what does this Budget mean for your personal wealth, taxes and your life as a common citizen of India.
With Budget round the corner, market might take a breather now, says Nitin Jain, Principle Investment Manager at Kotak UK. He believes there will be continued support from domestic funds on dips.
Factors such as GST structure and its implementation will centre the focus of the market to midcap segment and the segment will remain more constructive despite a valuation gap between midcap and large cap stocks, said Nitin Jain, Principal Investment Manager at Kotak UK.
Some analysts believe that the market's negative reaction to recent events in the IT space may be overdone.
The first quarter earnings season has not been somewhat weak compared to expectations but the market had run ahead pricing in an immediate recovery, says Nitin Jain of Kotak UK.
Good monsoon, as forecast, will be key to significant improvement in earnings cycle, Nitin Jain, Principle Fund Manager at Kotak Mahindra AMC, told CNBC TV-18.
The calm in the markets seen over last two months may be absent next month, says Edelweiss Securities CEO Vikas Khemani.
The buyout idea is not to monetise the Rs 7,000 crore of assets that Edelweiss will be inheriting, says Nitin Jain, Chief Executive Officer, Global Asset & Wealth Management, Edelweiss Group. Focus would be on scaling up team and achieving size.
Stating it was difficult to ascertain for sure whether the worst of the recent China-led market turmoil was behind or whether there is a bigger crisis brewing, Kotak UK's Nitin Jain said investors should buy stocks regardless.
Even as the market may continue to consolidate for a little more while, investors should use this time to “build a quality portfolioâ€, Nitin Jain, principal investment manager at Kotak UK, told CNBC-TV18.
Nitin Jain, principle investment manager, Kotak UK says some FIIs booked profits in the last few days. He has been buying the Indian market and is bullish on the banking sector for 2015.
Nitin Jain, principle investment manager, Kotak Mahindra Bank says he will buy paint stocks given the fall in oil prices as well as consumer durables.
Akhil Gupta advises countrymen to try and rely on the market mechanism as market has an amazing power to make things happen.
According to Nitin Jain, the way indicators are moving in the market today, suggests that not much will happen at headline level. So, Nifty is likely to close in the range of 6,275-6,325 today.
Nitin Jain of Edelweiss Securities recommends buying YES Bank and IndusInd Bank on 10-15 percent correction.
Nitin Jain of Edelweiss Securities is of the view that one may avoid Wockhardt.
According to Nitin Jain of Edelweiss Securities, one may avoid Dish TV as the stock looks weak and is forming new lows every day.
Nitin Jain of Edelweiss Securities is bullish on Bajaj Finance and Repco Home Finance.
Zee Entertainment and TV18 Broadcast are the top picks in the media space, says Nitin Jain of Edelweiss Securities.
Nitin Jain of Edelweiss Securities is of the opinion that one may wait and buy IT stocks on dips in the short term.
Nitin Jain of Edelweiss Securities feels that market is showing great signs of momentum. His bias stays on the long side.