We expect the 10-year benchmark bond yield to trade in a broad range of 6.9-7.1 percent in the near term, says Tirthankar Patnaik, Mizuho Bank.
The trading range is seen between 68.10-68.40/USD till the Reserve Bank of India (RBI) monetary policy, says Tirthankar Patnaik, Mizuho Bank.
We expect the 10-year benchmark yield to be rangebound between 6.75-6.85 percent, says Tirthankar Patnaik, Mizuho Bank.
Domestic liquidity conditions and bond market cues remain supportive, helped by periodic OMOs by the RBI including one of Rs 100 billion today, which could see the 10-year head to the 7-7.1 percent band, says Tirthankar Patnaik of Mizuho Bank.
We expect rupee to trade in the range of 66.25-66.75/USD in the next 2 weeks and 10-year benchmark yields between 7.1-7.25 percent, says Tirthankar Patnaik, Mizuho Bank.
We expect the 10-year benchmark yield to remain in the 7.45-7.55 percent band in the near term, says Tirthankar Patnaik, Mizuho Bank.
Tirthankar Patnaik, India Strategist, Mizuho Bank is of the belief that the outperformance of the Indian market will continue barring any evet. He says the fourth quarter performance was one of the best amongst the four.
Tirthankar Patnaik of Mizuho Bank says the pain is much more global. But many of the stocks after a significant fall do look attractive and that makes one believe that it is a great buying opportunity, he says. But one must not forget that global issues, the genesis of this crisis, are still very much present, he told CNBC-TV18
Tirthankar Patnaik of Mizuho Bank believes India will be one of the fastest growing economies in 2016, though earnings are not likely to improve anytime soon
Tirthankar Patnaik - India Strategist at Mizuho Bank has a positive view on consumer durables space but is cautious on PSU banks, telecom, cement and infrastructure.
Tirthankar Patnaik - India Strategist at Mizuho Bank is positive on the pharmaceutical space.
Tirthankar Patnaik - India Strategist at Mizuho Bank is overweight on the IT space and feels that weak currency is likely to help even the mid tier IT companies.
The range for the rupee is seen between Rs 63.70-64/USD in the next 3-4 weeks, says Tirthankar Patnaik, Mizuho Bank.
We expect the benchmark yield to be ranged between 7.75-7.81% over the next 4 weeks, says Tirthankar Patnaik, Mizuho Bank.
Tirthankar Patnaik of Mizuho Bank is of the view that the IT space will continue outperforming over the next month.
Tirthankar Patnaik of Mizuho Bank has a negative view on steel, cement and PSU banking space.
From a one to two year perspective, Indian equities will outperform other asset classes and global peers, says Tirthankar Patnaik of Mizuho Bank. "Going ahead, we are likely to enter a goldilocks situation with lower fiscal deficit, current account deficit, inflation and commodity bill."
The Indian rupee remained unchanged in early trade Thursday, opening at 63.60 a dollar.
Despite recent depreciation, the rupee remains an outperformer across emerging market currencies, says Tirthankar Patnaik, Mizuho Bank.
Tirthankar Patnaik, India Strategist at Mizuho Bank is of the view that one may prefer PSU banking and non-banking financial stocks.
According to Tirthankar Patnaik, tax revenue numbers are definitely optimistic, particularly income taxes going up by 27 percent are defiantly on the optimistic side
Sajjid Z Chinoy, Chief India Economist, JPMorgan says governor Rajan has made it amply clear that there may be further tightening if any of the macro variables change - either the fisc goes off track or the currency comes under pressure or growth picks up, among others.
Tirthankar Patnaik, EVP - Institutional Sales at Religare Capital Markets is positive on pharma space.
Tirthankar Patnaik, EVP - Institutional Sales at Religare Capital Markets is overweight on IT space. "We like Infosys from a fundamental turnaround story, we like TCS from an execution story," he reasoned.
Tirthankar Patnaik, EVP - Institutional Sales at Religare Capital Markets is of the view that one may hold Larsen and Toubro.