Category: Market Outlook

Sampath Reddy Under the export-oriented segment, “pharma and IT are among the preferred sectors now,” Sampath Reddy of Bajaj Allianz Life Insurance says in an interview to Moneycontrol. Even though there are concerns on global recession and a cloudy earnings outlook, valuations are now starting to look reasonable / attractive in pharma and IT sectors, […]

Sampath Reddy Under the export-oriented segment, “pharma and IT are among the preferred sectors now,” Sampath Reddy of Bajaj Allianz Life Insurance says in an interview to Moneycontrol. Even though there are concerns on global recession and a cloudy earnings outlook, valuations are now starting to look reasonable / attractive in pharma and IT sectors, […]

Bank Nifty also closed with a drop of over a percent led by selling in PSU Banking names. The index witnessed a false breakout on the upside early in the day but bears hammered it back lower. It was a difficult day for traders. After opening flat, the Nifty saw a sharp fall and slid […]

Sunil Tirumalai of UBS Securities India With bank deposit rates on rise, retail flows into equities have started showing early signs of a fatigue. This combination of lower EPS growth, falling household support, and high valuation premium relative to emerging markets indicate that the 2023 trajectory would be influenced by valuations, Sunil Tirumalai of UBS […]

Madanagopal Ramu of Sundaram Alternate Assets The first half of 2023 is likely to see some moderation in economic growth expectations across the world as well as in India as high interest rates may hit investments and consumption, says Madanagopal Ramu of Sundaram Alternate Assets. He sees an earnings cut over the next two-three quarters, impacting valuations. Given […]

Alok Kumar Agarwal of Alchemy Capital Management Alok Kumar Agarwal of Alchemy Capital Management expects the RBI to take one more interest rate hike in February and then hold the peak policy rate at 6.25-6.5 percent for the most of 2023, as it gauges the impact of monetary tightening on inflation. “We do not expect […]

Arvind Kothari of Niveshaay “2023 should be less challenging and less painful than what 2022 was,” said Arvind Kothari, Founder, Niveshaay, an investment advisory firm, in an interview to Moneycontrol. India outperformed global markets while tackling supply chain disruptions, interest rate hikes, inflation, and at the same time seized opportunities to build a strong base […]

Manoj Trivedi of Jama Wealth “Equity markets will be choppy in 2023. Liquidity, or the lack of it, will continue to drive markets,” Manoj Trivedi, the co-founder and Director of Strategy at Jama Wealth, says in an interview to Moneycontrol. Trivedi says a tightrope-walk-balancing need to control inflation without slipping into recession by various economies, particularly […]

“Consensus expects Nifty earnings to grow by 8-9 percent for FY23 and 15-16 percent for FY24. We expect earnings growth to be driven by BFSI and Auto sectors,” Amit Premchandani of UTI AMC says in an interview to Moneycontrol. He believes financial services is among the sectors that are attractive under the value investment framework […]

(Photo by Lum3n/Pexels) Covid-19 presented the world with new realities. One of them was the way stock markets can behave. The Indian markets went from climbing new peaks to dropping dramatically, though to a higher low than what it was before the pandemic. The markets went from being strongly trending to a highly volatile, consolidating […]

Jiten Parmar of Aurum Capital “We have avoided generic export pharma companies and IT services completely. IT services is something which we will look at once we have some more correction. We will wait for better value,” Jiten Parmar, Co-founder of Aurum Capital told Moneycontrol in an interview. However, the small case manager with more than […]

Sanjeev Prasad, Managing Director and Co-Head, Kotak Institutional Equities. The year ahead could hold a lot of pain in store for the Indian investor given the already lofty valuation of several segments as well as the broader markets, believes Sanjeev Prasad, Managing Director and Co-Head, Kotak Institutional Equities. In a freewheeling interview with Moneycontrol’s Senior […]

Unmesh Sharma of HDFC Securities Unmesh Sharma of HDFC Securities believes that the first half of 2023 will see volatility due to multiple factors such as moves by central banks in their fight with inflation, concerns around recession, geopolitical tension, and the Covid crisis. Within the EM (emerging markets) basket, the institutional equities head with […]

Talking about India, Holland mentioned that the upcoming Budget for 2023-24 will also provide cues for the stock market Andrew Holland Andrew Holland, chief executive officer at Avendus Alternate Strategies, expects the Indian as well as global markets to remain quite volatile in January due to concerns related to the US Federal Reserve hiking interest […]

Amit Nadekar of LIC Mutual Fund “The possibility of interest rate cut in the second half of 2023 seems a low probability event unless Covid cases amplify out of government control or economic growth collapses below 5 percent levels,” Amit Nadekar of LIC Mutual Fund Asset Management says in an interview to Moneycontrol. He feels […]

Escalation of geo-political tensions in the China-Taiwan area, worsening of the Russia-Ukraine war, and resurgence of Covid-19 in several countries, leading to a situation resembling the 2020-21 recession are among the key issues that may threaten the equity markets in 2023, Ajit Banerjee of Shriram Life Insurance says in an interview to Moneycontrol. Hence, given there […]

Deepak Jasani is the Head of Retail Research at HDFC Securities Deepak Jasani of HDFC Securities feels 2023 could be a tough year for equities and may yield returns similar to that in 2022 but with higher volatility. History suggests that globally stocks won’t bottom until the Fed cuts rates, Jasani told Moneycontrol in an interview. He believes there […]