India‘s macro story looks very good, says Sanjeev Prasad of Kotak Institutional Equities. Speaking to CNBC-TV18 Prasad said that global events are hard to predict.
In an interview to CNBC-TV18 Rahul Arora, CEO of Nirmal Bang Institutional Equities shared his reading and outlook on the market as well as on stocks and sectors.
India's growth is largely being driven by global factors at the moment and some domestic factors are also pricing in, says Suhas Harinarayanan of JM Financial Institutional Securities.
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.
The microfinance lender, which listed on the exchanges on Tuesday, targets 30 percent growth in AUM over next couple of years by expanding into lending for micro small and medium enterprises sector and housing finance along with further diversification into the unbanked and under-banked regions of the country, says CFO Sudha Suresh.
Rahul Arora, CEO of Nirmal Bang Institutional Equities is largely neutral to underweight on the IT sector. Infosys was a forced upgrade because of its numbers. But dynamics of the sector hasn't changed much, he adds.
Nirmal Bang Institutional Equities chief executive officer Rahul Arora bullish on IT and pharmaceuticals, but agrees with the view that a little bit of frothiness has come into these sectors. But he feels other sectors do not have the confidence on growth back yet.