K Ramanathan CIO of ING Investment Management India says that the market is faltering as inflation continues to be a concern. He says, “I would continue to be overweight on IT and consumer discretionary including autos.”
In an exclusive interview with CNBC-TV18, Rakesh Parikh CFO of Unichem Laboratories says the company’s Q4 outlook is on the lines of the Q3 growth and the investments made are likely to reap benefits soon. “The India formulation business is continuing in the same as in Q3. We will wrap up the year with double digit growth.”
According to the industry reports, CV makers are making a big push into the rural and semi urban areas. In an exclusive interview with CNBC-TV18’s Latha Venkatesh and Soniya Shenoy, Ramesh Iyer managing director of Mahindra & Mahindra Financial Services shares his expectations.
The market last week saw a rally of almost 6% for the Sensex and Nifty. There is a follow up close to the 200 day moving average today. Pankaj Pandey head of research with ICICI Direct advices the retail investor to keep a long-term perspective and to play safe with last year’s best performing sectors.
As Accenture's guidance outlook indicates that strong demand will continue in the IT sector; Ganesh Natrajan vice-chairman and managing director of Zensar Technologies says, "the company expects FY13 revenue to be at Rs 1900 crore.”
Salil Kapoor chief operating officer of Dish TV says that the company’s market share at present stands at 31% to 32%. He says that the current average revenue per user (ARPU) is at Rs 142. With additions of the HD channels, he believes to see further improvement in the ARPU.
Vibhav Kapoor of IL&FS, in an exclusive interview with CNBC-TV18’s Mitali Mukherjee and Soniya Shenoy says “5200 is very good support level for Nifty.” He says that the global negative cues so far have not affected the market. "The market fell about 1,200 Nifty points before all the news coming in and a lot of the negatives had been factored in."
The State Bank of India (SBI) bond issue has seen healthy subscription. Hemant Contractor chief financial officer of SBI, in an exclusive interview with CNBC-TV18’s Mitali Mukherjee and Soniya Shenoy shares the details of the bond issue.
In an exclusive interview with CNBC-TV18, Jyotivardhan Jaipuria head-research with Bank of America Merrill Lynch says that the Indian market valuations currently reasonable. He is bullish on “the sectors of banking, pharma and IT.” He is however not bullish on the infrastructure space.
As the global volatility continues to grow, Jonathan Barratt managing director of Commodity Broking Services says that the global growth in GDP and hence the demand overall is bound to see a slowdown.
Japanese stocks plunged 12% on Tuesday as the country is dealing with multiple crises. The economic impact on the quake-stricken country and the global market is yet to be construed. Veteran on the market pulse, N Jayakumar of Prime Securities, in an exclusive interview with CNBC-TV18 shares what the Japanese crises mean to capital markets.
The Edelweiss India conference has the theme on Africa. With more than 70 corporates and 150 investors participating, Rashesh Shah chairman and CEO of Edelweiss Group along with Harry Broadman chief economist of Albright Stonebridge share their insights on Africa as the new frontier.
The budget this year has focused on affordable housing sector. Pujit Aggarwal, managing director of Orbit Corporation shares his views on the budget, in an exclusive interview with CNBC-TV18’s Latha Venkatesh and Soniya Shenoy.
One of the announcements of budget 2011 was increase in the limit up to which FIIs may invest in infrastructure bonds that have a residual maturity of over five years. Hemant Mishr of Standard Chartered Bank, in an exclusive interview talks about what raising of the limit really mean.
Naishad Parikh, Head of Policy Initiatives, Representative, Arvind Mills and Sunil O Khandelwal, CFO of Alok Industries analyse the few perks that have benefited the garment industry and the all round budget impact that hasn’t been up to the mark as per the recommendations of Textile Industry.
Confidence Petroleum has won an LPG bottling contract from Hindustan Petroleum and Bharat Petroleum. In an exclusive interview with CNBC-TV18’s Latha Venkatesh and Soniya Shenoy, Nitin Khara, Chairman and Managing Director of Confidence Petroleum says the company has added 2.2 lakh capacity from the recent contracts.
In an exclusive interview with CNBC-TV18’s Latha Venkatesh and Soniya Shenoy, Mahantesh Sabarad of Fortune Finance who tracks the aviation space, gives his outlook on the possible fall in profitability for the aviation sector at the back of soaring brent crude prices.
In an exclusive interview with CNBC-TV18’s Soniya Shenoy and Ekta Batra, Pravin Shivdas Harlekar, Chairman and Managing Director of Omkar Speciality says that the company is confident of a 45% growth in revenues in FY11. “The target is to cross Rs 150 crore in 2011-12,” he says.
As the street is buzzing with a number of expectations from the BP and Reliance Industries gas deal, Amitava Sengupta, the Director (Finance & Commercial) of Petronet LNG believes that the deal will help in building the gas infrastructure in the country.
In an exclusive interview with CNBC-TV18’s Latha Venkatesh and Soniya Shenoy, market strategist Rajes Jain says that he sees meaningful buying to continue for some days, if there are no upsets in the near future. He believes that investors are taking a relook at value picks in the markets.
In an exclusive interview with CNBC-TV18’s Udayan Mukherjee and Soniya Shenoy, Lalit Jalan, CEO and whole time Director of Reliance Infra says that the most of the projects of the company are nearing financial closure in the next 30-45 days.
The market has been through many tough sessions. It is clear capitulation that can be seen in trade. However, in an exclusive interview with CNBC-TV18’s Soniya Shenoy and Latha Venkatesh, Rajesh Jain, independent market strategist, holds the view that it is a good time to pick up the initial 20% of your portfolio.
Phani Shekar of Angel Broking said he expects the market to be range bound between the 5400 and 5600 levels till the budget announcement. "This is one of the most important budgets in the last five years or so to determine the direction of the market."
With the markets starting to get a bit steady after five consecutive days of carnage, experts still remain skeptic on how the indices would behave in the near term.
Piyush Garg of ICICI Securities says that if Nifty crosses 5750 levels on a closing basis the positive momentum will start in the markets. "The positive momentum on the market will tend to build up if the markets give two to three closes above 5750 levels regularly for two to three days."