Consensus earnings estimates continue to remain robust for the next financial year. This is on the back of expected bounce back in economic activity and strong corporate results.
In 2014, prior to the elections (December 2013-May 2013), the Sensex delivered 16 percent absolute returns. In 2009 (December 2008-May 2009), the Sensex delivered 61 percent absolute returns
Pradhan feels the next six months will be tough, and sentiment will remain bad as the economy gradually tilts from formal to semi-formal in the medium term
There continues to be worries over global growth especially in relation to the US, says Pradhan. As far as IT sector is concerned, significant headwinds exist in Europe and Japan, he says
As per a CLSA report, further delay with the GST roll-out to April 2018 could hurt the political interests of the government ahead of the next general elections in April 19, given the "potential inflationary impact and business community related political issues."
In an interview with CNBC-TV18, Tushar Pradhan shared his views on the implementation of GST and various sectors.
It is the right time to invest in the Indian equity market but one must have a patient two-year outlook going forward, says Tushar Pradhan, CIO, HSBC Global AMC, India in an interview with CNBC-TV18.
In auto, consumer demand will make a comeback. After the government stepped in to revitalise state banks struggling with bad loans, one can say there is more juice left in the finance space, says Tushar Pradhan, CIO of HSBC Global Asset Management.
In an interview with CNBC-TV18, Pradhan, Chief Investment Officer, HSBC Global Asset Management says a macro-economic recovery is still some way off
"The Union Budget has done a great job of ensuring fiscal prudence, increasing indirect tax collection and ensuring an accommodative stance with regard to domestic industry," says Tushar Pradhan- CIO, Global Asset Management, India.
There are significant redemptions in emerging market ETFs, says Tushar Pradhan of HSBC Global Asset Management. He advises investors to reduce exposure to stocks having high risk during volatility.
Going ahead, Tushar Pradhan, CIO, HSBC Global Asset Management (India) feels NBFCs are well positioned to benefit from economic growth and sees enough value across the sector. He also says the 7th pay commission will be positive for the auto sector
The natural fallout of a Fed rate hike is a strong dollar, which in turn implies weaker currencies across emerging markets, says Tushar Pradhan, CIO of HSBC Global Asset Management (India)
While earnings visibility at the moment is low, it is only a matter of time and in the interim specific events — elections, US Federal Reserve rate hike, domestic interest rates — will drive the market, Tushar Pradhan, CIO of HSBC Global Asset Management (India) says.
The Indian earnings story has been delayed inordinately and may take another two quarters at least to come through but markets will start discounting them before that, says Tushar Pradhan, CIO at HSBC Global Asset Management (India).
In an interview with CNBC-TV18‘s Sonia Shenoy and Reema Tendulkar, Pradhan said that till as long as earnings picked up in a few quarters, markets could remain choppy. “This will not be a unilateral market. It will be a stock-picker‘s market,†he said.
Tushar Pradhan, chief investment officer, HSBC Global Asset Management, says the Union Budget to be announced by Finance Minister Arun Jaitley will be very closely watched by FIIs who are hoping to see some significant change in Indian business environment.
Tushar Pradhan, CIO, HSBC Global Asset Management does not expect any major impact on India due to the Ukraine crisis.
Indian equities have seen a sharp rebound, aided largely by policy and positive global factors. Measures announced by the new RBI governor have brought stability to the rupee.
Tushar Pradhan expects to see some stability in equity markets once the battered rupee begins to settle at reasonable levels, but cautions that the current market volatility is here to stay.
going ahead market will take cues from the fact that RBI is quite accommodating from a growth point of view, says Tushar Pradhan, CIO, HSBC AMC.
In an interview to CNBC-TV18, Tushar Pradhan, chief investment officer, HSBC says the country will need many confidence instilling measures in order to rectify the present economic conditions.
HSBC Mutual Fund has announced the appointment of Neelotpal Sahai as the Senior Fund Manager - Equities.
Tushar Pradhan, CIO, HSBC AMC believes that global fund flows are the main reason for the rally in Indian market and expects India to be on investors‘ radar if global fund flows continue.
HSBC Equity Fund is an open ended fund that aims to generate long term capital by mainly concentrating wealth in the Large cap space. According to Arnav Pandya, investors with conservative outlook should look out for other alternative in the large cap space.