While management across the board suggests an improved outlook post June'21, the impact of rising commodity costs and higher inflation has started showing up, says Gajri.
Prasun Gajri, CEO at HDFC Life spoke about about the fundamentals of the market
Financial independence comes through long term financial planning, and I always keep saying that there is a difference between just saving for the rainy day.
Hoping the Finance Minister doesn't present a populist Budget on February 28, Prasun Gajri, chief investment officer, HDFC Life says the FM should try and kick start investments, rationalise taxes and consolidate the fiscal deficit.
In an interview to CNBC-TV18, Prasun Gajri, CIO of HDFC life says, the surprise rate cut has given the market some momentum. “Globally also we have seen a risk rally after the easing of conditions in Europe yesterday. So, we could possibly see a new high in the short-term, but it is tough to say really at the moment,†he asserts.
Prasun Gajri, Chief Investment Officer, HDFC Life prefers banks and auto over infra space.
What a day a it turned out to be! The market closed the topsy-turvy week with a blockbuster rally. The Sensex closed 513 points higher at 18,240. Today’s rally has left experts perplexed. Some say the pullback was expected, but the quantum was surprising. While one of the market veterans says that the good news will only be short-lived.
Prasun Gajri, CIO, HDFC Life, in an interview on CNBC-TV18, spoke about his reading of the market. He cautioned that the market is going to be rangebound for now despite there is positive news on the global front on the back of falling crude prices.
Prasun Gajri, Chief Investment Officer at HDFC Life, in an interview on CNBC-TV18 says that insurance are one of the biggest contributors to the equity market. "Till recently, as much as 80-85% premiums came from ULIPs," he says.
It was a scary session for the market. The sell-off across sectors during the latter part of the day sent the Nifty well below 5500-mark for the first time since September 6, 2010. However, it closed above that level. Will mkts pull back or see further carnage? Experts debate.
It's a positive start to the trading week. Strong earnings from the banking pack helped bolster the sentiment.
Prasun Gajri, CIO, HDFC Life, in an interview on CNBC-TV18, spoke about his reading of the market and how he sees tomorrow’s credit policy review playing out.