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NEW DELHI: India’s equity benchmarks snapped their longest weekly winning streak in over a year on Friday, as Sensex and Nifty shed 0.2 per cent each. Analysts are now forecasting a turbulent ride ahead till the elections.

However, the silver lining is that the mild corrections witnessed over the past few days may have created opportunities in select pockets.

We scoured Twitter to see what Dalal Street honchos had to say on the goings-on in the market and on other market-linked events.

While independent market expert Sandip Sabharwal expects the market to correct over the next few days, Basant Maheshwari of Basant Maheshwari Wealth Advisers says the odds of the market rising from here on are quite high.

Sabharwal says upside for the market will be significant only if a Narendra Modi-led NDA returns to power with a majority of over 272 seats.

Whether market turns in favour of investors or not, negative news flows or trends may not always play spoilsport and certain good stocks will continues to be outliers even in grim times.

Steering off bumpy roads?

Despite warnings of near-term slowdown in auto stocks, most of them have rallied 10-20 per cent. Sandip Sabharwal says bad news flow often mean a chance to buy good stocks.

Against the tide

Safir Anand, value investor, in one of his tweets shared another such example of a stock that rose to highs despite negative news flows: Bajaj Finance.

Q4 EARNINGS

TCS and Infosys came out with their March quarter earnings on Friday. Sabharwal sees great upside for TCS, but not so much for Infosys. Do you concur?

DEBT FUND SAHI NAHI HAII?

Shyam Sekhar, iThought, made a tongue-in-cheek comment regarding the recent fiasco surrounding debt mutual funds after Kotak Mutual Fund failed to return investors’ entire money in two maturing fixed maturity plans (FMPs) on account of a delay in repayment by two Essel group companies.

He called the #mutualfundssahihai the antithesis slogan of the statutory warnings on cigarette and booze packs.

CALL FOR ANOTHER RATE CUT?

With CPI still below MPC’s target, Sabharwal is making a case for yet another rate cut. RBI by keeping liquidity tight is unnecessarily keeping growth rate lower than potential, says he.

THE BIGGER QUESTION

Value investor Abhishek Basumallick says there is no such thing as a value company. Why? Check this out:

DON’T FORGET: BHAO BHAGWAAN CHE

Safir Anand in one of his tweets reminded investors of an age-old but relevant market saying.

© copyright — The Economic Times


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