Weekly Dossier | Pramod Gubbi, Nischal Maheshwari, Nilesh Shah & others on market trends
The S&P BSE Sensex fell 0.3 percent, while the Nifty50 was down by 0.4 percent in the week gone by but a bigger cut was seen in the small and midcaps.
Representative image | Source: Pixabay
The S&P BSE Sensex climbed mount 50k and the Nifty50 breached 14,750 in the week gone by but profit-taking towards the end pushed the indices in the red.
The S&P BSE Sensex fell 0.3 percent and the Nifty50 0.4 percent but it were the small and midcap that took a hard knock. The BSE midcap index fell 0.7 percent and the smallcap index was down 1.3 percent for the week ended January 22.
THE MARKET VIEW
Talking from a longer-term perspective of investing and mitigating market volatility through it, in an interview with ET NOW, the Founder of Abakkus Asset Manager, Sunil Singhania said, “The Nifty earnings are at 35 times. In September we saw an earnings growth, despite the fall in sales and in December, my view is that earnings will surprise on the upside.” Additionally, referring to a Bollywood movie dialogue, he said, “There was a movie which said that it’s all about entertainment, entertainment, entertainment, I think equity markets are all about earnings, earnings, earnings!”
As per the CRISIL report, the large corporates were resilient amidst the pandemic and delivered better earnings growth in the second quarter of the fiscal. Whereas the popular belief of long-term market investors suggests that earnings growth is an important factor for safe investing. Thus, it can be seen that many investors prefer investing in market leaders which are usually l
DAILY VOICE | Rakshit Ranjan of Marcellus has 3 simple rules for picking winning stocks
It is very difficult to time entry exits particularly in high-quality stocks based on your view around a macro event’s impact on the broader economy. December 17, 2020 / 07:22 AM IST
Rakshit Ranjan, Marcellus Investment Managers, who swears by the power of consistent compounding through a select few stocks, forecasts earnings CAGR of their overall portfolio to be 18-20% or higher over the next 2 to 3 years.
Ranjan, who manages assets worth about Rs 2,500 crore, expects high-quality companies to deliver strong fundamentals over the next 3-4 years which should lead to healthy share price performance for these quality companies, he said in an interview with Moneycontrol’s Kshitij Anand.