Dipan Mehta, Founder & Director, Elixir Equities, says he does not have much expectation from the Budget and keeping that in mind, not looking at any trading or investing strategies.
V Srivatsa, Executive Vice President & Fund Manager at UTI Mutual Fund, says it makes no sense to take a blind call that the top 50 companies that have done well will not go up or the bottom 50 that have done badly cannot go down.
Unless and until that picture is clear, the market will continue to be very tentative and apprehensive and a “sell-on-the-rise” market, says Dilip Bhat, Joint MD, Prabhudas Lilladher.
S Krishna Kumar, CIO, Sundaram Mutual says the market has been very realistic in its expectations and knows that it will be a very tight Budget and the government will try to maintain fiscal prudence.
Keki Mistry, VC and CEO of HDFC, says confidence is created when jobs get created.
Ramesh Iyer, MD & VC, Mahindra Finance, says with a deeper penetration strategy, the NBFC has been able to maintain momentum of growth and has become an aggressive player in pre-owned vehicles.
There are hopes that the government will increase FDI limit in insurance to 74 per cent.
Japanese firm Azearth, which is engaged in protective clothing, has rallied 139 per cent.
Few analysts say an income-tax rate cut may not materialise this time around.
Taking a front lens to Budget instead of evaluating the past from an accounting standpoint would
Refining margins continued to remain under pressure, suggesting weak global demand for oil.
I would be a little cautious as we get into Budget, says Nitin Raheja of AQF Advisors.
It currently trades at Rs 615 after having touched its 52-week low of Rs 588.50 on January 22, 20
Chances of market sentiment improving post Budget are a tad higher.
Jefferies raised price target for HDFC to Rs 2,745 from Rs 2,510 earlier post Q3 numbers.
Going on a huge spending spree to revive the economy would be extremely dangerous.
Rajeev Thakkar, CIO, PPFAS MF, says the FAANG stocks may be facing techlash in the US but there are plenty of new businesses where one can invest in a big way in the future. In India, tech companies that enable traditional businesses to improve their processes, flourish.
VP Nandakumar, MD & CEO, Manappuram Finance, says there was a tonnage growth of about 11% in gold loans but the volume growth was higher. The rise in gold prices also helped the company attain 63% profit growth.
If there is evidence of the economy improving, then Bajaj Finance probably would be improving a little more faster and management will sound a little bit more confident, says Devang Mehta, Head, EquityAdvisory, Centrum Wealth Management.
The only apprehension about the virus scare is what impact does it have on the Q1 earnings for the broader Asian economies in terms of growth patterns, says Amit Khurana, Head of Equities. Dolat Capital.
L&T Finance CEO Dinanath Dubhashi says data analytics and artificial intelligence is taking over the world of finance and if lenders keep sticking to old methods they will become dinosaurs.
Plateauing of the infections and casualties of coronavirus might be a turning point for the oil markets, says Vandana Hari,, in an interview with ETNOW.
Deepak Shenoy, Founder, Capital Mind, says IT remains a cash-heavy strong balance sheet part of portfolio like FMCG. But IT is a lot less expensive than FMCG.
Nitin Raheja, Co-Founder, AQF Advisors, says January has been a very good month running up to the Budget with midcaps and the broader market bouncing back.
Jonathan Barratt, CIO, Probis Securities says base metal and oil prices have come under a lot of pressure following the coronavirus scare.
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