CAUTIOUS VIEW
Asia sees cautious open; US stocks buoyed by Trump: Markets wrap
Stocks in Asia show mixed reactions to Trump's increasing chances of winning a second term after surviving an assassination attempt. Market volatility expected due to tariff threats. Federal Reserve Chair hints at possible interest-rate cuts. Investors remain focused on economic and earnings results despite shocking events.
What’s driving positivity in ONGC & Indian Oil? Probal Sen explains
Any engagement that continues on a national level with Russia, given how important an energy producer it is, will benefit Indian oil and gas companies and that is what some of the market seems to be factoring in that optimism going forward for the next 12 to 18 months, says Probal Sen.
Earnings, Budget to drive market; risk-reward favours largecaps & midcaps vis-a-vis smallcaps: Shibani Sircar Kurian
Boost to overall infra space and the investment-led growth will possibly continue. 'We will have to wait and see what allocations are made to specific industries and segments, which we will get to know shortly, and the second factor of course will be what happens in terms of rural as well as allocations to boost demand at the bottom of the pyramid," says Shibani Sircar Kurian
M&M a buying opportunity; stay away from Raymond: Chakri Lokapriya
RSB LLP’s Chakri Lokapriya notes weakness in Nifty earnings due to IT, pharma, and metals, though broader markets do better. Upcoming Budget and US CPI are critical. M&M’s EV, farm segments, Raymond’s lifestyle turnaround, auto sector discounts, railway stocks’ growth, defensive stocks, Mahindra & Mahindra Financial Services, Tech M, and engineering innovation should be observed.
Buy stocks in every dip: A cheat sheet to find right stocks from the right sectors
CA Rudramurthy BV shares insights on the market, highlighting opportunities in IT, pharma, and FMCG sectors. He recommends caution with PSUs and emphasizes stock-specific investments. Bajaj Finance and Manappuram show potential for gains with tight stop losses. Rudramurthy says "we are in the mother-of-all-bull market and this market, both magnitude-wise and time-wise, will surprise on the upside and it is a buy-on-every-dip market."
Banks may not do well in Q1 and even Q2; be selective in consumer bucket: Dipan Mehta
The banking sector may see disappointing earnings due to challenges in net interest margins and rising provisions, says Dipan Mehta, Director, Elixir Equities. FMCG and traditional consumption stocks are under pressure, while airline companies like IndiGo show positive long-term prospects. Electric two-wheelers, particularly from Ola Electric, are expected to disrupt the industry.
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India is still a stock pickers' paradise, says Porinju Veliyath, lauds Raymond for full value unlocking
Porinju Veliyath stresses market correction readiness, noting Raymond’s stock's rise from Rs 300 in 2021 to Rs 3,100. Raymond's lifestyle, real estate, engineering segments, Maini Precision ties, and the Rs 7,000 crore demerger on the 11th are key. Promoter attitudes, stock picking fundamentals, valuation comparisons, and a bulk deal in related stocks are also discussed.
IT sector showing signs of bottoming out; healthcare to grow over 12 months: Vinit Sambre
The IT sector is showing signs of bottoming out from a flat to very low earnings momentum. Maybe the stocks will pick up some bit and go to the high single-digit range. Over the next two quarters, the sector should come out of the low growth phenomenon and healthcare is likely to show a decent growth matrix over a year or so, says Vinit Sambre.
Surging markets: CJI Chandrachud advises SEBI, SAT to be cautious, pitches for more tribunal benches
Chief Justice of India Chandrachud emphasized the need for caution from SEBI and SAT amid rising equity markets, advocating for more tribunal benches to handle increased workloads. At the new SAT premises' inauguration, he highlighted the importance of maintaining stability and assured investment protections to foster economic growth.
ETMarkets Smart Talk: India's economy poised for strong growth in second half of 2024, market outlook cautious: Vipul Bhowar
India's economy is expected to experience strong growth in the second half of 2024. This growth will be fuelled by robust public investment and resilient private consumption, supported by strong domestic factors, decreasing inflation, and favourable fiscal and monetary policies.
What made Nomura turn bullish on Indian IT sector? Abhishek Bhandari answers
Nomura's bullish stance on Indian IT credits G2000 data stabilization, benefiting midcaps like Persistent, Coforge, and Birlasoft. Wipro's new CEO Srini stabilizes leadership and growth. Discretionary cuts stabilize; US rate cuts expected. Coforge-Cigniti deal boosts testing. Annuity-driven businesses grow. Banking portfolios, large deals vital. FY24 saw midcaps grow 10%+. QoQ growth set to improve.
Market can only go up now irrespective of Budget. Here's why
The Street has discounted the defence manufacturing stocks too much into the future. Even the earning visibility has been discounted. It is a fast-moving train; it does not make sense to get onto that train at this point. There are many choices when it comes to rural play – two-wheelers, fertilisers, pesticides and M&M, says Dipan Mehta.
After a broad-based rally, it's time to be stock-specific: Anshul Saigal
The market rally calls for a stock-specific approach with caution due to high valuations, says Anshul Saigal of Saigal Capital. FMCG companies focusing on rural markets may present opportunities. IPOs are viewed with skepticism, suggesting a wait-and-see approach. Exercise caution in a market environment where substandard companies seek to raise capital.
Being bullish & being cautious are not antonyms: 4 largecap stocks from different sectors with upside potential of up to 41%
There are a number of times when one hears on the street, that indices and stocks have gone so high, how much higher it can go, so forget it. Essentially the underlying feeling is that just because the nifty and sensex has moved up now it will not move so let's not invest. That is probably the worst mistake one makes because at every level, this narrative comes. When nifty was 20,000 this argument could have been made, now at 24,000 also this argument can be made and when nifty is much higher, the same argument will be made. One needs to look at the broader picture, there is no reason why one should not be bullish about India, but that does mean one should not be cautious in terms of selecting the stocks. so , continue to be bullish, also be cautious and invest in a manner that short term profit booking moves don't make you anxious.
Be cautious in power stocks; take some money off PSU banks: Nischal Maheshwari
There has been over-exuberance in the power sector. Whether it is the equipment, the supplying company, whether it is the generation guys, all have done well in the last year. So, Centrum Broking's Nischal Maheshwari recommends caution on the whole sector per se and says one should be very stock-specific.
Bandhan investors cautious ahead of leadership change
Analysts view the central bank move as administrative in nature to ensure a smooth leadership transition in the Kolkata-based lender, but concerns over Bandhan Bank's asset quality perhaps kept investors anxious.
China watches cautiously as Russia and North Korea strengthen ties
China is closely watching as Russia and North Korea strengthen their relationship through a new defense pact, raising concerns about power dynamics. China faces a strategic dilemma, aiming to maintain peace on the Korean Peninsula while countering US influence. Its restrained response indicates uncertainty about how to navigate the situation. Experts suggest internal disagreements or difficulty assessing the situation may be hindering China's response. While some in China may see the pact as balancing US dominance, there is discomfort over potential outcomes.
Vijay Kedia warns retail investors to be cautious of frothy market
Soch kar, samajh kar invest kar, rumour pe, tip pe, na time waste kar. Knowledge aur patience ka business hai ye, anubhav se sikh aur best kar.
Investors should stay cautious on cement stocks: Dipan Mehta
Let us see what valuations Hyundai and Ola Electric come at. And Ola Electric will be on our market watch completely, absolutely on our list of stocks to watch quite closely because that is the future of the entire EV space and it will start with the two wheelers and Ola Electric is the market leader over there.
We are a little cautious on Bhel; trimmed position in Zomato and PB Fintech: Sanjiv Bhasin
Sanjiv Bhasin advises caution on Bhel stock due to parabolic rise, suggests focusing on rail stocks instead for investment opportunities. Bhasin says we would say be a little cautious, wait out, hear the commentary and let some corrections come in because now you are chasing a parabolic rise which may not last for long.
We are positive on financial, pharma & auto; cautious on FMCG: Mukul Kochhar
Mukul Kochhar of Investec Capital Services discusses market reactions to potential election outcomes, emphasizing severe possible impacts and strong business momentum. He covers various sectors like financials, pharma, automobiles, FMCG, and non-ferrous metals, offering insights into each. Kochchar says he is optimistic because of the nascent shoots in the private capex cycle.
Is it time to be cautious or has the rally more legs to go? Deven Choksey answers
Deven Choksey emphasizes individual stock investments over market view, focusing on sectors like IT, specialty chemicals, and pharma. He remains cautious on market exuberance and suggests strategic investments during corrections for long-term gains. Choksey says: "The market is scaling up too quickly and too early, maybe that is where one is not fully comfortable."
Stay cautious! Wait for the results & guidance before making fresh allocations: Sunil Subramaniam
Sunil Subramaniam stresses diversification, cautious market entry, and guidance reliance for retail investors. Company outlook, private sector capex, and global uncertainties will impact future positioning. Diversification is crucial amidst market unpredictability. Subramaniam says not to put all your eggs in just a couple of baskets and diversify as well as have outlook portfolios.
Want to be a bit cautious now; not doing any fresh purchases: Dipan Mehta
Dipan Mehta advises caution on high valuation stocks like Tata Tech, KPIT, Tata Elxsi. He remains optimistic about IT sector triggers, avoids startup investments, and sees potential in automobile and private banking sectors. He believes the IT sector eventually will start to do much better than the rest of the market.
ETMarkets Smart Talk: Be cautious picking stocks in PSU Bank space after multibagger rally: Kedar Kadam
The rally in PSU stocks was driven by improved ROE profile and govt policies, but caution is needed due to high valuations. Positive stance on Indian equities. Indian economy grows at 8.4% in Q3FY24. Investor interest returning to debt mutual funds. Positive view on tourism & hospitality sector. Caution advised for SME IPOs compared to mainboard.
ETMarkets Smart Talk: Why is this fund manager turning cautious on the FMCG sector and building material?
Investors should be cautious on FMCG and building materials due to expensive valuations. Equity markets continue to strengthen with steady earnings growth and strong domestic liquidity. India is a resilient economy on the path of self-reliance, leading to another strong year for Indian equities. Stay invested and have a bottom-up approach to investing. PSUs are a strong investment option.
Aditya Arora on where money can be made in pharma space
Aditya Arora of Adlytick maintains a cautious view on the market due to the lack of broad-based rally. Smallcaps are correcting while safe havens like gold and pharma are performing well. Money can be made on the long side of the pharma space and the short side of high beta counters.
All dips are getting bought into; be cautious in PSU segment: Rupen Rajguru
Rupen Rajguru, MD & Senior Advisor at Julius Baer India, shares insights on the market frothiness, positive investor sentiment, and changing dynamics of different market segments, including PSUs and small/midcap stocks. Rajguru says: "At an aggregate level probably some of the PSUs banks still have some legs to move around from here, but otherwise I would be cautious on that segment."
Sell-on-rise happening; time to be a little more cautious: Rohit Srivastava
Rohit Srivastava discusses the market setup and the sell-on rally trend. He mentions that the market has made a series of higher highs and higher lows, but a break in this pattern would indicate a downward trend. He also talks about the performance of PSU stocks, cautioning against buying at the current highs. He shares his view on the realty sector, suggesting that a pullback to 814 on the Nifty Realty Index could be a good support level. Lastly, he mentions that while value may still exist in the mid and smallcap segment based on positive earnings growth, a technical correction is expected.
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