Prabhat Awasthi

Awasthi replaces Vikas Sharma who will take charge as Head of Asia ex-Japan from April 1.

Market flirting with record highs! 5 big risks it faces in 2017

Indian market galloped to fresh record highs earlier this week after BJP managed to clinch a majority in state election results especially Uttar Pradesh. A clean sweep would ensure a smooth transition of policy reforms of the government.

Nomura sees monsoon as biggest risk to market rally, but sees 10-11% rally in 2017

“Our view fundamentally for India market was around 20 percent return but after the rally, it looks like we could do another 10-11 percent return until the end of the year helped by liquidity,” Prabhat Awasthi, Head of Equity & MD, India, Nomura said in an interview with CNBC-TV 18.

India still preferred mkt in Asia; constructive on rupee: Nomura

India is still among the preferred market within Asia for Nomura as it remains one of the fastest growing economies despite hiccups, says Head of Equities – India Prabhat Awasthi.

FMCG earnings to pick up; banks strong except Axis: Nomura

Speaking to CNBC-TV18 Prabhat Awasthi of Nomura Financial Advisory said that on an overall basis the issues that are coming to the fore from the Tata stable are well known.

Nomura pegs upper end December target for Sensex at 30,500

Speaking to CNBC-TV18 Prabhat Awasthi of Nomura Financial Advisory said that public sector banks have their own asset problems. He says that the capital issues still exist, but incrementally the news on non-performing assets has been better.

Indian recovery broad-based; upbeat on banks, NBFCs: Nomura

Market is not anticipating UK leaving Europe in the UK referendum vote, but if that happens then market could correct 4-5 percent, says Prabhat Awasthi of Nomura Financial Advisory.

Continue with 'buy on dips' strategy, says Prabhat Awasthi

Prabhat Awasthi of Nomura feels the market is no longer cheap on a historical basis but neither is it very expensive. "Therefore it was more a 'buy on dips' market and we see no reason to change our view," says Awasthi.

Budget 2016 to be better from growth perspective: Nomura

Awasthi believes that the 2016 Budget will be a better from growth perspective.

See China growth slowing to 5.5%; liquidity drying: Nomura

Prabhat Awasthi, head of India equities, Nomura, says Bank of Japan's move to go into negative interest rate zone was more of a rate signal and not a liquidity tool for markets

Earnings trajectory to pick up in H2FY16; like L&T: Nomura

Prabhat Awasthi of Nomura Financial Advisory believes private banks will rise higher as systemic growth picks up, though credit growth at the moment continues to be weak.

5 reasons why Nomura sees Sensex hitting 33,500 by Dec 2015

Prabhat Awasthi, Nomura says the December 2015 Sensex target of 33,500 is based on Nomura's high conviction view that the improvement in India‘s macro environment over the past year is durable and will improve further

Positive on market, prefer rate cyclicals: Nomura

We note that consensus FY16 EPS estimates for the Sensex have been on the rise since the middle of this year, says Prabhat Awasthi of Nomura.

No rate cut on Dec 2; financials to lead next rally: Nomura

The 6 percent inflation target set by the RBI for the rate cut is intermediary and as market enters 2015, the entire framework of the monetary policy will change.

Festive season should be economic recovery barometer: CLSA

Mahesh Nandurkar, CLSA says India is the best performing emerging market this year and the coming festive season should be a barometer of its economic recovery.

Prabhat Awasthi bullish on banks

Prabhat Awasthi, Head of Equities & MD, India of Nomura Financial Advisory is bullish on banks as compared to non-banking financial companies.

Sensex inches towards 27000; HDFC twins, pharma lead

Sun Pharma and Ranbaxy Labs gained 3-3.5 percent after sources said Drug Controller General Of India (DCGI) reinstated European Union export licence to Ranbaxy's Toansa unit. DCGI had suspended supply from that unit to EU in May.

See Sensex at 30K by Aug; like autos, banks: Nomura

Awasthi expects market to re-rate on inflation and growth based tailwinds. In fact, he believes the recent election-led euphoria discounts the expectations of pick up in growth.

Banks key beneficiary of favourable poll outcome: Nomura

Prabhat Awasthi, Nomura said the key feature of the market rally over the past week has been the outperformance by high-beta and domestic-cyclical sectors such as banks, real estate and capital goods that had been laggards since the beginning of 2013.

July-Dec 2014 set to be much better vs last year: Nomura

Prabhat Awasthi, Nomura feels the second half of this year is set to be that much better or less worse in comparison to last year. “This base effect is important for macro variables, such as inflation, that are measured as annual rates of growth,” he adds.

Avoid metal space, says Prabhat Awasthi

According to Prabhat Awasthi of Nomura Financial Advisory & Securities, one may avoid metal space at this point in time.

Interact with CNBC-TV18: Avoid metal cos, advises Prabhat Awasthi of Nomura

Prabhat Awasthi of Nomura Financial Advisory & Securities has been underweight on metals. "We had gone overweight on metals in August last year. In November, we took out the overweight and pushed it into underweight again."

Don't see major pre-election market moves: Nomura

Prabhat Awasthi of Nomura Financial Advisory & Securities believes the markets could head up in the short term. Though he feels elections will be the main theme going forward in the next three months.

Interact with CNBC-TV18: Prabhat Awasthi does not think Fed will raise rates

Prabhat Awasthi, head of equity research and managing director, India, Nomura Financial Advisory & Securities doesn't expect a rate hike but thinks monetary accommodation will continue to come down as US economy improves.

Hold Dec-end Sensex target of 24700; bet on banks: Nomura

Nomura Financial is buying private banks like ICICI Bank and Axis Bank.