Page 104 - Volatility News Today

Mrinal Singh, CEO & CIO of InCred AMC, discusses the challenges of investing in the Indian market due to expensive valuations. He highlights the potential for growth in rural areas, the building material sector, and the auto sector. He also expresses interest in the housing and MSME segments of the financials sector, as well as the healthcare sector.

Benchmark indices gained close to 1% last week, reaching lifetime highs, driven by foreign investor inflows. Volatility is expected due to the expiry of the February derivative series. Nifty may reach 22400 and possibly 22700. Macro data and global markets will be monitored. Auto sales and IPOs are also noteworthy.

Duo boosted share of required customer funds at the expense of Citi and Morgan Stanley in 2023

Sandip Sabharwal sees potential in Maruti, L&T, HDFC Bank, and V-Guard Industries. He is cautious about Honasa, Grasim, and Jio Financials. He expects rural revival and advises caution in dealing with real estate stocks. He questions the impact of AI on technology stocks. He advises caution in the paint industry.

Oil price volatility has fallen in recent weeks, with both Brent and WTI remaining rangebound and prices movements being driven by macro concerns.

Vietnam’s rice exports are expected to continue their upward trajectory this year, toward a milestone of US$5bil in turnover.

Dipan Mehta says the absence of froth and lower risks in the market indicate positive sentiment. The percentage of professionals managing the money compared to just raw retail coming to the market is significantly higher at this time around in this bull market than ever before. Union Banks sensible strategy to improve capital and drive growth is praised while auto sector may see a slowdown.

According to Rajesh Cheruvu, the rural economy is expected to revive in FY2025, with a focus on mid- and smallcap stocks and sectors catering to rural consumption. The market mood is positive, with a rise in SIP contributions and a flurry of NFOs. Investors could look at managers with robust research processes and reasonable fund manager bandwidth to consider allocations during NFOs.

Rohit Srivastava identifies FMCG and private banks as the weakest sectors. Short-term bounce back seen in HDFC Bank and ICICI Bank. Nifty and Bank Nifty may have experienced a false breakout. Drop in volumes and critical support levels to watch. PSU stocks show high RSI and potential shorting opportunities in oil and power segments.

Neil Parag Parikh, Chairman & CEO of PPFAS MF, advises investors to temper their expectations due to the unpredictable nature of equity markets. He highlights the popularity of SIPs among Indian investors and downplays the impact of elections on investment decisions. Parikh also discusses the attractiveness of overseas investments and warns of froth in the small and midcap space.