19
NEW DELHI: Dalal Street had another positive ending to the week, thanks to firm cues on the global front.
However, top market mavens seem to be more concerned with how the economy is doing.
They are continuously calling for more measures to help get the economy on track.
“Falling interest rates, easy monetary policy across the globe and liquidity will limit the downside for the market.
Global growth sentiment will help domestic indices to subside weak CPI and industrial data in the near term.
With positive momentum extending to midcaps and smallcaps as well, we believe this potential change in risk appetite may help investors to look beyond the polarised market,” said Vinod Nair, Head of Research at Geojit Financial Services.
Sandip Sabharwal, an independent market expert, said the government continues to pursue its non-economic agenda, while India has entered stagflation.
Sabharwal added that while the monetary policy has run its course, the entire onus of growth now lies on the government.
Value investor Safir Anand called for imposition of a counterfeiting tax.
Here's why
Anand also made a case for more resolutions under the IBC as that would be a huge positive for the economy.
Meanwhile, Ravi Dharamshi in a tweet said why are all investors assuming the role of day traders? He questioned what happened to invest regardless of govt actions?
Amar Ambani of YES Securities talked about the importance of timing the exit in an investment.
Shyam Sekhar of iThought said it was time to do away with 10 per cent public float in IPOs as investors will continue to be fooled by float mopping and rigging done by very savvy HNI, institutional and PMS investors.
