Despite the weak first-half performance on the cards, Pratik expects earnings momentum to pick up meaningfully in the second half
The environment in the world is still volatile and India does not have a catalyst to drive ahead if the world is still weak, so stick to defensive stocks, says Pratik Gupta, Head-Equities, Deutsche Bank India.
The current spell in market may not last for very long as there are too many global event causing uncertainities, says Pratik Gupta, Head of Equities, Deutche Bank India.
Deutsche Bank continues to see pick up in domestic flows and a 15-16 percent earnings growth this year for India.
Pratik Gupta, MD & Head Equities at Deutsche Equities advises investors to prefer banking stocks.
Banks played a big role in the recent rally seen in the market and the sector remains Deutsche's top overweights based on assumption that worries in the economy are troughing out.
Pratik Gupta, head of equities, Deutsche Equities India says there has been a sea change in sentiment, especially in the FII community. He is bullish on the Indian market. "India may attract significant inflows, if reforms continue. Our Sensex target for the year-end is 20,000," he adds.
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Marketmen are keenly watching whether the government will announce policy reforms such as increase in diesel prices, allowing foreign investment in aviation and retail sectors.
Pratik Gupta, Head of Equities at Deutsche Equities shares his view on auto space. He also says there are issues like demand, currency and now one has this fear about the petrol and diesel disparity assuming the diesel price hike is not substantial enough.
Though the government is pulling up measures to support the weak rupee and sliding market, the petrol price hike is little that can boost sentiments. IOC , BPCL and HPCL have hiked petrol price by Rs 6.28 per litre, including sales tax, the hike adds up to Rs 7.50/litre.
The Indian market has seen an almost 20% spike since the beginning of 2012. Pratik Gupta, Head of Equities - Deutsche Equities India tells CNBC-TV18 he sees consolidation taking place in Indian equities in the near-term.
Pratik Gupta, Head - Deutsche Equities India is underweight on FMCG and pharma.
Pratik Gupta, Head of Equities at DB Group is neutral on the infra sector but longer-term on one-two year view this is one sector long-term investors must be investing in.
The Reserve Bank of India is likely to hike interest rates in its forthcoming mid-quarter review of the policy on March 17.
Pratik Gupta, Head of Equities at DB Group is underweight on real estate, cement space.