Oil prices hit 18-month highs on Tuesday but Robert Parker of Credit Suisse says high oil prices are not good for India. He said downside for Sensex is near 26,000 level.
“The valuation is now looking much more reasonable against the background of likely very good growth in the first half if not the whole of next year,†Parker told CNBC-TV18, adding that downside risks at current levels are pretty low.
Vibhav Kapoor of IL&FS advises one to buy 10-15 percent of what they want and not completely go on a buying spree.
On global market jitters ahead of the US Federal Reserve meeting later this month, Robert Parker of Credit Suisse says investors are now increasingly focusing on what the US central bank will do in 2017 rather than in its upcoming September or December meets.
Speaking to CNBC-TV18, Credit Suisse's Robert Parker said that the impact of Brexit on the UK will be negative. But a contagion risk for EMs like India will be low, he said.
Opinion polls show that the probability of the UK exiting Europe has reduced in the past few days. The news is likely to push European market up by 1-2 percent today, says Robert Parket of Credit Suisse Asset Management.
FY17 will be a frustrating year for the market as we won't see a trend bull market or a trend bear market, says Robert Parker, Senior Advisor-Investment, Strategy & Research at Credit Suisse UK.
Robert Parker, Senior Advisor at Credit Suisse is of the belief that the recent volatility and sell offs seen in global market is not a bear market but just an unpleasant correction.
Robert Parker of Credit Suisse Asset Management sees another one or two moves by the US Federal Reserve this year
The China Securities Regulatory Commission on Thursday suspended its recently implemented circuit breaker system. The system led to trading halts on two separate days this week amid selling. The circuit breaker most recently kicked in Thursday, when the CSI300 plunged more than 7 percent in early trade
Nilesh Shah of Kotak AMC says China events create an opportunity for India if marketed well. "We need to demonstrate to the world that we have grown companies like Maruti, which have grown beyond its parent here."
The 'Big Day' will certainly have a tremendous amount of impact on Indian market and here is how the market experts analyse the same.
As far as the commodities market go, Robert Parker of Credit Suisse says the base for Brent is just below USD 40 per barrel. He also adds that India is benefitting from lower commodity prices
After major European indices started to sell-off, Indian equities that started off confidently, joined the bandwagon slipping below 7900 in less than an hour.
This lack of action by the Fed basically confused the participants that maybe Fed knows something they don‘t and so, it was inevitable that one would see short-term volatility.
For the markets that corrected globally after the Fed meet was an immediate reaction to the uncertainly of when the Fed would start hiking rates. But after this correction, markets would find a base and downside risk could be limited, thinks Robert Parker of Credit Suisse.
Robert Parker of Credit Suisse expects most fixed income markets to give zero or negative returns, while equity markets to give 5-8 percent returns in the next five years.
As far as India goes, Robert Parker, investment strategy and research, Credit Suisse, says the drop in oil and energy prices is a strong positive for the Indian economy. As a result, trend inflation will be lower, he adds. However, he continues to remain cautious on the Indian markets.
Ahead of the FOMC meeting on Tuesday, Robert Parker of Credit Suisse shares his views on what to expect from Fed, global markets going ahead.
India has been the best performer so far and forecasters are upgrading the country‘s GDP estimates, said Robert Parker of Credit Suisse Asset Management.
Robert Parker of Credit Suisse believes that global markets could be forming a base at the current levels
Robert Parker, Senior Advisor-Investment, Strategy & Research at Credit Suisse says India has been one of the top performing equity market year-to-date.
Robert Parker, Senior Advisor - Investment, Strategy & Research, Credit Suisse (UK) Limited, feels the US Federal Reserve would want to look at data for another 2-3 months and see whether this trend of slowdown continues before changing its current policy on tapering.
Robert Parker, in an interview to CNBC-TV18 says India‘s GDP growth will start improving only from April next calendar. He is not as bullish on emerging markets‘ bonds, though he says the macro-economic environment is beginning to calm down.
Robert Parker of Credit Suisse AMC told CNBC-TV18 that In terms of the valuation of China versus India, despite the poor performance of India this year, India still expensive than the Chinese market.
