In an interview with CNBC-TV18, Hemant Thukral of Aditya Birla Money, spoke about his reading of the market and his outlook.
In an interview to CNBC-TV18 Hemant Thukral, Aditya Birla Money shared his reading and outlook on the Futures and Options market. Here is what he had to say.
Mcleod Russel (India) has target of Rs 350-355, says TS Harihar, ICICI Securities. It has been consolidating in the range of around Rs 310-320 for a fairly long time. It seems to be very delicately poised as far as upside breakout is concerned.
Gautam Chhaochharia, UBS India is overweight on private banks.
With the earnings season for the July-September period set to kickoff this week, Rajat Rajgarhia of Motilal Oswal Securities is looking at earnings growth of about 9 per cent for the September quarter and Sensex earnings growth of just about 2 per cent.
Financial Services secretary DK Mittal says the downgrade of some of the Indian banks by ratings agencies recently wasn‘t justified.
As Myanmar opens up after five decades of military rule, a country run on cash is finding a new alternative: plastic.
With the recent string of loan restructuring and many more waiting on the wings, PSU banks are likely to bear the brunt, said Suresh Ganapathy, banking analyst at Macquarie.
Prabhudas Lilladher has come out with its report on banks update. As per the research firm asset quality for private banks continued to remain robust. However, barring a few exceptions, PSU banks asset quality was disappointing.
India gold rose around a percent on Friday afternoon but is still heading for the biggest monthly drop since July 2010 as burgeoning festival demand has not yet been enough to counter weakness on global economic worries.
Prefer private banks over public sector, says Hemant Thukral, SBI Capital Securities.
Speaking to CNBC-TV18 about the bank’s performance, Vaibhav Agrawal of Angel Broking says that the bank has slowed down their balance sheet growth. “Axis bank has played it safe in this rate sensitive environment,” he explains.
Jitendra Sriram, Head Equities, HSBC Asset Management Company is positive on private banks.
Portfolio manager PN Vijay says the market has formed a base of 5,700 levels in the first blush of the earnings season. He says the banking sector is likely to play the key role. “The banking sector is a significant contributor to the index apart from oil and energy."
Buy private banks, says Ajay Srivastava, CEO, Dimensions Consulting.
The government today gave green signal to the Banking Laws Amendment Bill that seeks to align the voting rights in banks in proportion with the equity holding.
Sell private banks at current levels, says Anil Manghnani, Modern Shares & Stock Brokers.
Pathik Gandotra of IDFC Securities is positive on banks as he thinks valuation of sector has become attractive. In an interview to CNBC-TV18, Gandotra said that concerns in the banking over banking though have reduced but not over yet.