![]() ![]() These are slightly difficult times for the markets as well as macros though some specific companies are doing well. How the government evaluates it, whether it takes a hit in its balance sheet and then we get to fiscal deficit concerns. Mutual fund flows continue to be quite strong, Rs 14,000-15,000 crore inflow into equities every month is quite substantial relative to historic trends and that gives some sort of cushion to the market.īut are we in a perfect storm at a time when liquidity is so huge, inflation is picking up and oil prices are 27-28% higher than the levels at which the last time petrol and diesel prices were changed in India? Can the consumers take a 25% hike in petrol and diesel prices and still keep on consuming the way they have been for the other products? It is going to be a challenge. We saw global investors continuing to reduce their position in India with domestic investors continuing to buy. ![]() The market texture should have changed a bit earlier, given that there were several macro concerns related to the way commodities have moved, inflation, what the US Fed is likely to do, etc. Buy on decline is getting challenged but sell on every rise is working now? Now HDFC Bank has come to valuations which are slightly lower than ICICI Bank or at par much lower than other private banks and the premium of HDFC Bank over SBI is at a record low,” says Sandip Sabharwalof īuy high, sell higher is over. For example, the HDFC Group has been seeing a lot of selling. “Sometimes aggressive FII sales in good companies provides them opportunity points. ![]()
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