INSUBCONTINENT EXCLUSIVE:
NEW DELHI: A solid bounce followed by a crash to extreme lows and then a steep climb! The domestic stock market’s roller-coaster ride over
the past three days had investors on their toes
Looks like, the bulls are telling the bears, enough is enough
After logging losses for five consecutive weeks, the benchmark indices finally managed to end this week in the positive terrain, despite a
major selloff in equities globally.
This seems to have given some optimism to Dalal Street; or at least that's what the Twitter activity of
some of the top names in the market suggests
Crude oil slipping to near $80 came as a big surprise as did the strengthening rupee
But before we begin a new week and see how the market reacts to the CPI inflation and IIP data, here's a look at what D-Street mavens talked
about on Twitter.
Smallcap czar Porinju Veliyath came out with all optimism
He says the worst is behind us and all that remains to be seen is a recovery in stock prices
Porinju tweeted to his followers to keep an eye on buybacks and creeping acquisitions.
Sandip Sabharwal, an independent adviser at
asksandipsabharwal.com, had similar views to offer
With a lot of macro data looking up, he expects the tides to turn in favour of equities.
And thus, he makes a case for buying stocks cheap
His mantra is to buy stocks when there is fear in the market.
Safir Anand, too, is optimistic about the Indian market, more so ever since
IMF retained its strong outlook for India.
Since most people are chiming that stocks are available cheap, the next big question is what to
buy Well, we have that covered
Sandip Sabharwal is telling you to buy auto and NBFC stocks, and Nirmal Jain, founder chairman of IIFL, and Basant Maheshwari, co-founder
Basant Maheshwari Wealth Advisors, too are leaning towards these sectors
Safir Anand believes there is value in midcap IT names, but wants you to steer clear from the largecap ones.
Sabharwal is telling you to
keep an eye on TCS though, as he thinks it may prove to be a good opportunity soon.
He also asks investors to stay off offshore or
US-focused funds as he thinks the worst of rupee fall and US outperformance over EMs might be behind us
And he says DMart might also be a bad choice if one is looking to buy it.
Beyond equities, yellow metal seems to be emerging as the
choicest asset class going into 2019.
To sum up, the market will keep at its game of highs and lows, but what you need to do is sit back and
That’s what Safir Anand is suggesting
He says he is eyeing the fashion week finale.
