Sashi Krishnan, Chief Information Officer, Birla Sun Life Insurance is postive on the market in the long-term as he sees a lot of overseas flows continue into India. But there could be a positive effect if the US Federal Reserve raises rates faster than expectations.
With reforms like GST and monetary concerns behind us, earnings growth will drive the market, says Sashi Krishnan, CIO of Birla Sun Life Insurance.
The weakness seen in the markets today implies some money being taken off the table by traders who were anticipating a relief rally and who now want to cash out, says Birla Sun Life Insurance CIO Sashi Krishnan.
According to Sashi Krishnan, CIO, Birla Sun Life Insurance, there are signs of pick up in investment cycle, which would bring in the DIIs and FIIS that have been waiting on the sidelines.
Sashi Krishnan, CIO at Birla Sun Life Insurance is of the view that one may prefer PSU banking stocks for long term.
Sashi Krishnan of Birla Sun Life Insurance says there are a couple of triggers that can take the Indian market higher. It will be a sentiment positive for the market if Bills stuck in Rajya Sabha are passed; second, market is expecting another 50 bps rate cut from RBI and also liquidity in the system needs to turn positive with lower rates.
Sashi Krishnan, CIO, Birla Sun Life Insurance, says banking, financial services and insurance (BFSI) looks like a good sector to be invested in right now.
Sashi Krishnan, CIO at Birla Sun Life Insurance is positive on export driven IT companies.
Sashi Krishnan is overweight on banking and financial sector. Among other sectors, he is bullish on pharmaceuticals and IT
Sashi Krishnan, chief investment officer, Birla Sun Life, expects cyclical midcap stocks to perform well and adds that about 20 percent of his portfolio is allocated to midcaps.
Auto stocks were leaders of the day with the BSE Auto Index gaining more than 2 percent. Tata Motors and Mahindra and Mahindra topped the buying list as well as ended at record closing high of Rs 518.75 and Rs 1374.55, up 3 percent and 3.7 percent, respectively.
Speaking to CNBC-TV18, Sashi Krishnan, CIO, Birla Sun Life Insurance says stability in the macro system is a big relief, although inflation remains a bit of a worry. With market climbing new highs, and stable macro situation, one must stay invested in this market
Sashi Krishnan of Bajaj Allianz, in an exclusive interview with CNBC-TV18 says that he believes the market could see further correction. He sees the Reserve Bank of India continuing with interest rate tightening cycle going forward.