Crack the Code takes a close look at the banking sector. The Indian banking sector has come a long way since the country‘s independence. The industry today has grown into a vibrant sector with improved assets and a strong capital base.
The correction is brining strength in the market and may take the markets higher than the current position, says Sanjay Sinha, Founder, Citrus Advisors.
First quarter earnings performance of IT and banks will be key to Nifty performance, says Sanjay Sinha, Founder, Citrus Advisors.
The market rally will be led by cyclicals, especially sectors like banking, auto and construction, says Sanjay Sinha of Citrus Advisors.
The market has discounted the possibility that there is likely to be no rate cuts at the Reserve Bank of India's monetary policy event tomorrow, says Sanjay Sinha, Founder of Citrus Advisors.
The banking sector will shortly take the lead in the domestic market rally, as it is one of the pillars for a stable GDP, says Sanjay Sinha of Citrus Advisors.
Watch the interview of Sanjay Sinha Founder Citrus Advisors and CA Rudramurthy, Vachana Investments Pvt Ltd with Surabhi Upadhyay on CNBC-TV18, in which they shared their reading and outlook on the way ahead for Indian markets and specific stocks.
Sanjay Sinha of Citrus Advisors says maintaining this optimism will become difficult in the absence of earnings pickup
Sanjay Sinha, Founder at Citrus Advisors is of the view that one may look at the two-wheelers space as six months down the line, the outlook may not be so negative.
Sanjay Sinha, Founder at Citrus Advisors is of the view that pharma sector will continue to be expensive but may outperform the broader market.
Sinha says better than expected quarterly earnings is also prompting investors to take a more positive view of second line shares.
Sanjay Sinha, founder of Citrus Advisors has a positive view on banks and recommends accumulating the stocks.
In an interview to CNBC-TV18, Sanjay Sinha, Founder, Citrus Advisors, speaks on the current correction and market outlook
According to Sanjay Sinha of Citrus Advisors, portfolio should consist of 60 percent cyclical and 40 percent defensive stocks. Pharma and IT sectors should be a part of the defensive portfolio, he says. He also advises investors to buy auto stocks on correction.
Sanjay Sinha of Citrus Advisors is optimistic on the oil and gas space.
If October-December quarter (Q3) results are better than the previous quarter, and if market sees a burst of liquidity, then it will find momentum to go bouncing till Budget, says Sanjay Sinha of Citrus Advisors. The mood will soon change as stocks will see serious corrections.
Floor for the Nifty has moved higher from 5,700 points earlier to 6,000 now, says Sanjay Sinha of Citrus Advisors.
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Sanjay Sinha of Citrus Advisors is cautious on the metal space. including Tata Steel. "There could be some range bound movement, but we will not see a very substantial move in metals pack as a whole and in Tata Steel in particular," he adds.
Sanjay Sinha of Citrus Advisors is cautious on banking space. "If I have to make choices then I would surely pick the private sector banks over PSU banks," he adds.
The the fact that Foreign Institutional Investors (FIIs) have not sold off far too many equities in August are giving experts reasons to be ontimistic on the Indian equity market.
Sanjay Sinha of Cirtrus Advisors says that he continues to be bearish on metal space.
Once tapering of QE starts money will start moving from emerging markets to markets. So, in the near-term, the Nifty can hit sub 5500 levels, says Sanjay Sinha, founder, Citrus Advisors.
He believes in the next 3-6 months, market will become a little more expensive from where it is standing today and this may actually take it to levels that maybe closer to the previous high.
Market experts advise investors to cover short positions on estimates that the market could witness increase volatility in the days ahead and suggest bets on Jet Airways and Titan.