Category: Market Outlook

Kunal Valia of Waterfield Advisors The Union Budget 2023 should optimise and improve the quality of expenditure by allocating more funds towards capex spending and manufacturing. Further to counter the slowdown, rural spending will see enhancement, albeit at a lower pace (marginal cut in subsidy bill), according to Kunal Valia of Waterfield Advisors. Valuation of […]

Kaizad Hozdar of Trust-Plutus Wealth With the general elections scheduled next year, Kaizad Hozdar of Trust-Plutus Wealth expects to see an increase in rural and welfare spending as seen in the earlier pre-election budgets. Rural employment, housing, education and healthcare are likely to be in focus, he says in an interview to Moneycontrol. He expects the […]

Venugopal Manghat of HSBC Mutual Fund Fiscal consolidation is an important theme for Budget 2023, Venugopal Manghat, chief investment officer – equity of HSBC Mutual Fund, said in an interview to Moneycontrol. HBSC MF expects the government to maintain infrastructure spending and focus on manufacturing production-linked incentive (PLI) scheme, logistics, rural development and employment creation, […]

Sonam Srivastava is the Founder of Wright Research Budget 2023 is likely to focus on capital expenditure as a growth driver and give an impetus to manufacturing while continuing with the post-pandemic fiscal consolidation, Sonam Srivastava of Wright Research told Moneycontrol in an interview. In the upcoming Union Budget, she believes the finance minister will try […]

Divam Sharma, Founder of Green Portfolio “The Union Budget FY23 would be a net growth budget with manufacturing as the cornerstone,” Divam Sharma of Green Portfolio told Moneycontrol in an interview. He believes that infrastructure creation should be a priority for the government. If we were to solidify India’s position on the map as an alternative to […]

Santosh Joseph of Refolio Investments The year 2023 seems to be very promising. With the Budget this year and the policy action from the government for the next one year, considering that we are heading up to elections in 2024, should keep the markets in a very buoyant mode,” Santosh Joseph of Refolio Investments says […]

Events of recent years have posed severe challenges to the global economy. But it has opened up new investment opportunities as well Vikram Kotak January 12, 2023 / 11:46 AM IST It will be appropriate to thank the Indian heroes who showed confidence in Indian equities throughout (retail investors), and it was well supported by […]

Rupen Rajguru, Head – Equity Investments and Strategy at Julius Baer India This is expected to be a “year of cooling down” with both growth and inflation rates set to slow down around the world, as monetary policy normalisation takes its toll and some pandemic-related constraints ease, says Rupen Rajguru of Julius Baer India in an […]

Sahil Kapoor is the Head Products and Market Strategist at DSP Investment Managers In an interview to Moneycontrol, Sahil Kapoor of DSP Mutual Fund said that the third quarter of FY23 is “likely to be flat with many firms still passing on the input price rise from earlier quarters. Over the next two quarters corporate […]

Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services Notwithstanding concerns about a looming recession, energy prices, the Ukraine war, and more, the one thing that’s been keeping investors and wealth managers up at night is the expensive valuation of Indian equities compared to emerging markets. In an exclusive conversation with Moneycontrol, Motilal Oswal Financial Services […]

Raamdeo Agrawal, Motilal Oswal Financial Services Motilal Oswal Financial Services’ bets on new-age companies in 2022 went wrong and the securities firm paid the price, Chairman Raamdeo Agrawal said in an exclusive interview to Moneycontrol. The valuations of these firms are still not cheap and they continue to make losses, Agrawal said. His comments dovetail […]

Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services Notwithstanding concerns about a looming recession, energy prices, the Ukraine war, and more, the one thing that’s been keeping investors and wealth managers up at night is the expensive valuation of Indian equities compared to emerging markets. In an exclusive conversation with Moneycontrol, Motilal Oswal Financial Services […]

Naveen Kulkarni of Axis Securities “2023, while being slightly tough, could be a better year compared to 2022, where equity market returns were in the low single digits,” Naveen Kulkarni of Axis Securities PMS said in an interview to Moneycontrol. He believes it is not the right time to accumulate IT stocks as these companies […]

Satish Ramanathan of JM Financial Asset Management The year gone by saw equities gaining ground due to lower fixed income yields, but it may not hold in 2023, says Satish Ramanathan of JM Financial Asset Management. He believes that the rerating of equities may be over for now and the market could enter in a bout […]

Aniruddha Sarkar of Quest Investment Advisors “Given the global macro headwinds, interest rate hikes, and overall demand slowdown (especially in rural India), overall profitability in Q3FY23 may continue to remain volatile and under pressure in the near term,” Aniruddha Sarkar of Quest Investment Advisors said in an interview to Moneycontrol. Overall, he feels that companies […]

Niraj Kumar is the Chief Investment Officer at Future Generali Life Insurance India “We expect equity markets to deliver early double digit returns in 2023 aided by strong earnings momentum, domestic liquidity (healthy monthly SIP run rate of $ 1.5 billion) & pick up in CAPEX cycle,” Niraj Kumar of Future Generali India Life Insurance […]

All eyes are on the Q3 earnings to track the the post-festive season demand trends and assess the impact of global slowdown. “The body language, commentary and guidance of companies are important to be watched closely,” says Devang Mehta of Centrum Wealth. Talking to Moneycontrol at length on various macro fundamentals affecting the financial world, the equity […]