Banking is an overbought yet the most underperforming sector currently: Expert

Stocks continue to be very expensive, even as the market is seeing a normalisation. As people move to fixed income, the incremental money flows are slowing down, said Ajay Srivastava, CEO of Dimensions Corporate Finance Services, while speaking with CNBC-TV18 in an exclusive conversation. He recommended investors balance their portfolios and get into fixed-income segments. “Non-MNC […]

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Daily Voice | Kotak Mahindra AMC looking to buy IT stocks in current uncertainty given strong medium term outlook, says Harish Krishnan

Harish Krishnan of Kotak Mahindra Asset Management Company “We do think, it is more likely to be a soft landing in the US, given the resilience of corporates and consumers there. Therefore, the medium-term outlook remains quite strong, and we would be looking to buy into current uncertainty in the IT space,” Harish Krishnan, Senior […]

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Daily Voice: Market to take cues from these 4 key events in FY24, says Sandip Bansal of ASK Investment

In FY24, “earnings growth is expected to be in low to mid-teens and valuations are at fair levels from a 10-year average perspective,” Sandip Bansal of ASK Investment Managers told Moneycontrol in an interview. The Associate Director at ASK feels that globally, the market will take cues from geopolitics including the course of the Russia-Ukraine conflict […]

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Daily Voice: This investment manager feels midcap IT could be outperforming sector this year as US recession fears ease

“In India, the IT sector sell-off was due to fears of a severe US recession, but it now appears that this will not occur. Accordingly, the sector has started showing signs of recovery,” Soumitra Sengupta, smallcase Manager and Founder, Lamron Investments, said in an interview to Moneycontrol. Hence, he feels midcap IT could be one of […]

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Daily Voice: This market expert feels second half of FY24 would be good for consumption stocks

“India is doing well and would continue to do well. Despite a possible decline in growth rate, we would still be the fastest growing economy of the world. Capex will be the Key. Therefore, we like capital goods, banks, and domestic manufacturing,” Santosh Pandey, President and Head of Nuvama Professional Clients Group told Moneycontrol in […]

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Daily Voice | Probability of interest rate cuts before March 2024 not possible, RBI unlikely to deviate from global counterparts, says this portfolio manager

Gaurav Doshi is the Senior EVP – Customized Portfolios at 360 ONE Plus “Probability of rate cuts before March 2024 is not our base case assumption as developed market central banks are unlikely to change their stance till they are confident of inflation coming back to their mandated targets,” Gaurav Doshi, Senior EVP – Customized […]

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Daily Voice | Sachin Shah of Emkay Investment is bullish on IT despite inflation scare and favours private defence firms

Sachin Shah of Emkay Investment At a time when the fear of inflation has kept several investors away from IT stocks, Sachin Shah, fund manager, Emkay Investment Managers, is upbeat about the prospects of IT companies. “We believe the mega trend of transformation and migration of businesses moving from traditional in-house servers to digital and […]

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Daily Voice | Gautam Duggad of MOSL highlights automobile sector#39;s revival in an otherwise muted Q3 earnings

The banking sector may continue to do well, led by tailwinds of strong credit growth, steady margins, excellent asset quality metrics and lower provisioning expenses, according to Gautam Duggad, Head of Research, Institutional Equities at MOFSL. As far as the Nifty earnings are concerned, MOFSL expects the fourth-quarter earnings to grow 10-11 percent for the […]

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Daily Voice | This investment advisor expects equity market to deliver double-digit returns in 2023

“Despite headwind of global slowdown, I expect Nifty to deliver 11-13 percent earnings growth – significantly better than any other country in the world,” Rajesh Kothari, WealthBasket Curator & Founder of AlfAccurate Advisors says in an interview to Moneycontrol. During the last 15 months, the market has witnessed time and price correction – implies valuation […]

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Daily Voice | This CIO feels slowdown in domestic economy, likely global recession remain key challenges

“Even though India is standing tall amidst global economic downturn and state of recession prevailing worldwide, it cannot remain decoupled from the global events. In a widely integrated global economy, there is bound to be a cascading effect,” Ajit Banerjee, Chief Investment Officer, Shriram Life Insurance Company told Moneycontrol in an interview. He feels the […]

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Daily Voice | Market enthusiasm will return only if recessionary fears abate, says this fund manager

Alok Singh of Bank of India Mutual Fund “Corporate earnings were broadly in line with market expectations. While most companies delivered revenue growth, margins continue to remain under pressure,” said Alok Singh, Chief Investment Officer at Bank of India Mutual Fund, in an interview with Moneycontrol. Among larger sectors, banking has declared good results and […]

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MC Interview| Nifty can fall to 14,100, if it heads to 19,100 without breaking the Budget Day low: Anant Acharya 

Technical analyst Anant Acharya said that, historically, the market has bottomed out in the third year of every decade. (Illustration: Suneesh Kalarickal) Stock markets have been holding steady in spite of all the negative news investors have been beset with, and didn’t move too much even after Budget 2023. According to Anant Acharya, a market […]

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Daily Voice | Global markets may get back enthusiasm only if the recessionary fear gets abated, says this fund manager

Alok Singh of Bank of India Mutual Fund “The corporate earnings were broadly in line with market expectations. While most of the companies delivered revenue growth but margins continue to remain under pressure,” Alok Singh, Chief Investment Officer at Bank of India Mutual Fund says in an interview with Moneycontrol. In the larger sectors, the […]

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Daily Voice | This CIO thinks it#39;s time to buy new-age tech stocks as they focus on profitability

Naveen Kulkarni of Axis Securities Over the next 12 months, consumer staples will continue to do well as elevated government spending, state elections, and inflationary pressures will enable good nominal growth for the staples sector, Naveen Kulkarni, Chief Investment Officer at Axis Securities PMS says in an interview to Moneycontrol. With more than 15 years […]

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