Long-term investors should not read much into Street myths surrounding the movement of the index in the immediate aftermath of a political verdict.
Mukherjee said there is an opportunity to make 50 percent in many of the beaten down stocks even if the stock prices don’t rise all the way till their earlier highs.
Super bullish Raamdeo Agrawal, Joint MD, Motilal Oswal Financial Services expects Nifty to hit 10,000 by the next Union Budget. He believes the early players that have performed well will lead the market extending largest gains irrespective of their sector or size.
Speaking to CNBC-TV18, Udayan Mukherjee says that the trade is beginning to catch on now. However, this is not the time to chunk out high quality from the portfolio just yet, he adds.
CNBC-TV18's Udayan Mukherjee says this is going to be a very important week for the stock market particularly from a macro point of view and also micro because of results compounded by the weak trend that we have seen over the last three days on the Nifty.
It will be seen today how the August series starts and important earnings will be eyed today says CNBC-TV18‘s Udayan Mukherjee.
The RBI's move to curb rupee volatility has a bad connotation for growth and bond yields, though it will probably manage to give some more support to the rupee in the near-term, says CNBC-TV18's Udayan Mukherjee.
In his analysis of the market Udayan Mukherjee, managing editor, CNBC-TV18 says the Nifty is above 6000 but the big question is whether we can carry on this good work in the face of increasingly bad news on the macro front.
Udayan Mukherjee, managing editor, CNBC-TV18, believes retail investors have no asset class that is likely to post good returns and that one should stay out of the market until the global markets see some stability.
Udayan Mukherjee, managing editor, CNBC-TV18 expects the NIfty to correct by 3-5 percent in the near-term on the back of weak global markets.
Fed chairman Ben Bernanke said that by the end of this year, its quantitative easing (QE) will starts tapering. Hence, the fountain of liquidity that we have got used to over the last few years is slowly but surely drawing to a close says Udayan Mukherjee, managing editor CNBC-TV18.
Markets have rallied ahead of the Fed meeting and to that extent it is sort of going in with some expectations from Ben Bernanke believes Udayan Mukherjee, managing editor, CNBC-TV18.
Udayan Mukherjee, managing editor, CNBC-TV18 says the current slump in the market is due to lack of retail participation apart from the rupee‘s steep weakness.
The SGX is also pointing that the market will carry on from where it stopped off last week with the Nifty probably starting a week above 6,200.
One may be satisfied with 16 percent returns from fixed income, considering it is enough to combat inflation, but one should look at equities too, believes Mukherjee.
Udayan Mukherjee, managing editor, CNBC-TV18 believes the Q4 results declared by Hindustan Unilever Ltd (HUL) helped lift the market mood on Monday.
All in all, Monday witnessed a steady session of trade, with the market probably consolidating after the rally. Friday saw a corrective dip, and on Monday the market pulled back and steadied somewhat, essentially moving in a in a 5,850-5,950 kind of trading zone.
Udayan Mukherjee, managing editor, CNBC-TV18 believes Friday was not a great trading day for the Nifty says the week beings with Hindustan Unilever Ltd (HUL) numbers and good tidings for monsoons.
The equity market saw a bit of a breather on Friday. Given the 400 points rally the Nifty saw in the past seven days, its eventual 40 point correction was nothing alarming, infact on the expected lines believes CNBC-TV18‘s managing editor, Udayan Mukherjee.
We are bang in the midst of earning season, so there will be a lot of stock specific activity even if the market chooses to consolidate the recent gains says CNBC-TV18's managing editor, Udayan Mukherjee.
Our market was one of the worst performing markets of Asia and now we have turned the clock right back to September 2012 in terms of market levels says Udayan Mukherjee, managing editor, CNBC-TV18.
This week the market is getting closer to the earnings season. The global picture is still quite confusing and the market is not giving any pullback from the recent losses.
Following Wednesday‘s sharp dip, the fall in the market should have come as no surprise today, says Udayan Mukherjee, managing editor, CNBC-TV18. He noted that there are a couple of disturbing elements in this fall.
Udayan Mukherjee, managing editor, CNBC-TV18, says that investors need to separate the sentiment from the material impact which is attached to the Rs 1200-crore nationwide fibre optic network sharing deal between Reliance Jio Infocomm, the 4G telecom arm of Mukesh Ambani's Reliance Industries, and Anil Ambani-owned Reliance Communications.
Global sentiment and liquidity, according to Udayan Mukherjee, managing editor, CNBC-TV18 are ruling the Indian equity market. These factors and the uncertainty associated with it is making the current market situation a little confusing.