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NEW DELHI: RBI policy decision, outcome of the Opec meet and lack of clarity on the trade talks between the US and China did not augur well for the domestic equity market this past week, with equity benchmarks Sensex and Nifty settling nearly 1 per cent lower.
With an economic revival not in sight and Vodafone Idea Chairman Kumar Mangalam Birla dropping another bombshell that he'll have to shut shop in the absence of any government relief, the market had more negative cues to deal with than any positive.
Independent market expert Sandip Sabharwal says the government must not sit back and watch the show.
Beside Opec move, a possible end to RBI’s rate cut cycle and developments on the trade front could be additional pain points for the government from here on.
And with the pace government's narrative changing, this is how the outlook for the economy panning out.
Yet, Nifty still continue to reflect excessive optimism.
Shyam Sekhar of iThought says investors are failing to look beyond the top 500 stocks and there could be some opportunities there.
Meanwhile, Basant Maheshwari, a PMS fund manager, says there will always be someone to scare you from picking a good stock and one should be beware of such people.
Lastly, Sandip Sabharwal had a little suggestion for the YES Bank management.
Take a look:
