It said the 4QFY17 would be even weaker as the impact of Jio’s free offers amplifies further.
In the past three years more money has been made in midcap names. But going forward, we see more value in largecaps, says Head & Fund Manager of Equirus PMS.
Cement demand is likely to soften in the coming year and infrastructure may be the best sector to look at, says the Systematix Shares & Stocks senior V-P.
In its derivatives view, Angel Broking said in the last week, the Nifty had plunged below its strong support of 8050-8100 and FIIs too had actively participated in this move. They formed mixed positions in Index Futures, however, majority of their positions formed were on short side.
Steel demand in India is yet to pick up meaningfully with April-November 2016 growth at a mere 3.1%.
The trade balance has been stable but is expected to widen as exports dip and imports would keep expanding as oil prices increase.
It said even in the second week of December Delhi, West Bengal and Assam had seen a sharp drop of 45%-73% v/s last week of Nov, while UP had seen a recovery of 37%.
There is no possibility to do bulk purchases in this category and that has posed as a problem, said Sachin Bobade, senior research analyst, Dolat Capital.
The implementation of the Real Estate Regulation Act (RERA), which will come into effect sometime in mid-2017, can dent the profitability of realty firms.
The Sensex dropped 1% last week--its biggest in a month even as the Fed went ahead to raise a key policy rate by 25 basis points.
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