The market staged a spectacular performance in FY17, rising more than 17 percent against a loss of 9 percent in the previous financial year.
Vibhav Kapoor of IL&FS feels it is important for earnings growth to come through for the market. He prefers private banks and NBFCs as PSU banks are yet to grow out of many issues.
The government is giving a push to spending but from where will the funds come from, wonders R Shankar Raman of L&T. He also said, the government is betting big on wider tax base as one of the funding mechanisms.
The worst is getting over, believes Vibhav Kapoor of IL&FS who expects Nifty to touch 9000 levels in the third quarter of current calendar year.. He said a 17-18 percent increase in Nifty can be seen in the third quarter as banks and metal stocks will perform better.
Vibhav says demonetisation or not, the Indian market is bound to suffer due to this in the near-term. Nifty, he says is sure to break the Brexit day low point of 7,927 points.
Vibhav Kapoor of IL&FS advises buying strong private sector banks and auto companies.
Vibhav Kapoor of IL&FS advises one to buy 10-15 percent of what they want and not completely go on a buying spree.
Speaking to CNBC-TV18 Vibhav Kapoor of IL&FS said that markets are going up and they will keep going up for some more time. “Liquidity is gushing everywhere. The US Fed has indicated that even next year, rates won‘t go up. They have reduced their targets.â€
The Indian equity markets have seen good run since the February lows and if the liquidity gush keeps pouring in and globally, nothing wrong happens then Nifty could see the earlier top of 9100 before the US elections, is the word coming in from Vibhav Kapoor, Director and Group CIO, IL&FS.
Speaking to CNBC-TV18 Vibhav Kapoor of IL&FS said that liquidity will continue to drive markets. He said domestic factors are positive. "We have had the GST, the Pay Commission hikes and a good monsoon. Over all it is a good atmosphere for equities."
The medium term market outlook remains strong even as two risks, a weak monsoon and Brexit, could upset the applecart, says Vibhav Kapoor of IL&FS.
Earnings have been better than expected this quarter, and would even accelerate going forward on the assumption that monsoon is good. Otherwise all bets are off, says Vibhav Kapoor of IL&FS.
In CNBC-TV18's special edition D-Street, Vibhav Kapoor of IL&FS and Christopher Palmer Founder & CIO Benson Avenue Capital talk on Indian and global markets, respectively.
IL&FS's Vibha Kapoor says the recent RBI directive will hasten the recognition of non-performing assets by banks and drive a faster clean up of balance sheets. But he advises investors to wait for a couple of quarters before buying bank stocks.
Vibhav Kapoor of IL&FS believes the new year 2016 will be dominated by global events and revisiting 2015 lows may be quite possible anytime soon.
Vibhav Kapoor of IL&FS expects the market to bottom-out around levels of 7300-7500.
Watch accompanying videos of Investor Forum with Udayan Mukherjee in which renowned guests like Nirmal Jain of IIFL, Vibhav Kapoor of IL&FS and Nilesh Shah of Kotak Mahindra Asset Management shared their readings and outlook on the market, specific stocks and sectors.
Much of the slippages during the quarter have come in the corporate and SME loan accounts, says Shyam Srinivasan, MD & CEO of Federal Bank
Vibhav Kapoor of IL&FS. He lists soft commodity prices and deflationary trends as immediate positives for India that will make it stand out as among the best placed market.
Nifty ending Thursday trade at a 3-month high is a confirmation that bulls have taken firm hold of Dalal Street. But Vibhav Kapoor of IL&FS warns investors of prices running ahead of stocks' real values.
However, if there is no rate cut, market will take it negatively and heavy sell off is likely, added Vibhav Kapoor of IL&FS.
In a recent interview on CNBC-TV18, Ramesh Damani, Ridham Desai and Vibhav Kapoor spoke on a range of subjects including Fed Policy, India's growth and government action and its impact on economy.
Vibhav Kapoor of IL&FS believes the rupee is overvalued and says it has to depreciate for the Indian economy to be competitive.
In an interview to CNBC-TV18, Kapoor said that some major steps taken by the government may help revive the economy but feels the rural consumption may still take some time to improve.
Vibhav Kapoor of IL&FS says the Indian market will start to look attractive once again in the 8000-8300 range. He believes Nifty can trade in the 8000-9000 range over the next few months.