Markets gained momentum during the week pushing the Sensex and the Nifty above their pivotal levels of 20,000 and 6,000, respectively. Strong foreign institutional investor (FII) inflows, rally in global markets, strong corporate earnings and better-than-expected factory output helped Indian indices edge closer to all time highs.
Four of the six fund managers remained active during the week.
A K PRABHAKAR
Sr VP (Equity Research), Anand Rathi Financial Services
Prabhakar added Bata India, YES Bank and Mahindra and Mahindra to his portfolio over the last one week. At the same time, he booked nearly 15 per cent loss in J K Cements.
Currently, his portfolio consists of Dr Reddy's Laboratories, Cummins India, Reliance Capital, Bata India and YES Bank.
Prabhakar says if the Nifty manages to close above the levels of 6,105 decisively, then the index could reach 6,400-6,500 very soon.
In this upmove, auto and banking stocks are likely to be the outperformers. Even though the Q4 numbers were largely disappointing, the Congress' victory in Karnataka is a big positive as it brings more stability at the Centre.
Prabhakar's net worth was up by 6.68 per cent at Rs 10.67 lakh.
SHARDUL KULKARNI
Head, Technical Research, Angel Broking
After clearing off his whole portfolio over two weeks back, Kulkarni continued to build his new portfolio by adding L&T Finance Holdings and Hindustan Oil Exploration Co.
Two of his initial additions in the new portfolio-Jubilant Foodworks and Tech Mahindra-witnessed partial booking of profits.
Kulkarni is of the view that even though the rally has been extraordinary, it's time to take the money off the table as the overall set-up of the market is slightly difficult to assess. It's currently a game of liquidity versus logic. Also, going forward, Indian currency is likely to depreciate to the levels of 56.5.
L&T Finance Holdings, Hindustan Oil Exploration, Jubilant Foodworks and Tech Mahindra were his top holdings.
Kulkarni's net worth was up 23.80 per cent at Rs 12.38 lakh.
NAVEEN FERNANDES
Fund Manager, Centrum Wealth
Fernandes was inactive for the week. He expects the market to remain strong, with Sensex touching 20,000-21,000 by September-end as the interest rate reversal is likely to continue.
The next trigger for the upmove will be domestic institutional investors selling tapering off, as they have already sold Rs 90,000 crore of stocks in the last 16 months. The only risk in our view is the failure of the monsoons.
His top holdings include Karur Vysya Bank, MRF, ITC, Nesco and Balmer Lawrie and Co. Fernandes' net worth stands at Rs 11.83 lakh, up 18.26 per cent.
KISHOR OSTWAL
CMD, CNI Research
Ostwal continued to remain on the sidelines. Ostwal observes the recent rally in markets has been on the back of FIIs buying index stocks with no retail participation. Even though there is some room for Nifty till 6,170 (which should happen early next week), from thereon, markets may correct till 5,800 till the end of settlement on May 30. However, if the Nifty crosses and closes above 6,200, then new higher levels can be expected.
His holdings are IndianOil Corp, Reliance Industries, Power Finance Corp, Tata Motors and Karnataka Bank.
Ostwal's net worth gained 3.5 per cent to Rs 10.35 lakh.
SACHIN SHAH
Fund Manager, Emkay Investment Managers
Shah had no buy calls this week as stocks like HDFC Bank, Blue Dart Express,Infosys and IDFC were cleared off his portfolio.
Shah believes there can be some profit booking at higher levels as the markets have run up quite a bit in the last couple of weeks. Also, domestic institutions once again have turned sellers at current levels.
As of now, his holdings are ICICI Bank, PTC India, Cipla, Divis Laboratories and Biocon.
Shah's net worth is at Rs 11.24 lakh, up 12.39 per cent.
TAHER BADSHAH
Sr VP and co-head equities, Motilal Oswal AMC - PMS
Badshah got in and out of United Spirits through the week. Some of his buys were Tata Steel, State Bank of India and Titan Industries. Meanwhile, Kotak Mahindra Bank and Cipla figured on the sell side.
His top holdings include Maruti Suzuki, State Bank of India, Tech Mahindra, United Spirits and DLF.
Badshah's net worth is at Rs 11.87 lakh, up 18.74 per cent.
Four of the six fund managers remained active during the week.
A K PRABHAKAR
Sr VP (Equity Research), Anand Rathi Financial Services
Prabhakar added Bata India, YES Bank and Mahindra and Mahindra to his portfolio over the last one week. At the same time, he booked nearly 15 per cent loss in J K Cements.
Currently, his portfolio consists of Dr Reddy's Laboratories, Cummins India, Reliance Capital, Bata India and YES Bank.
Prabhakar says if the Nifty manages to close above the levels of 6,105 decisively, then the index could reach 6,400-6,500 very soon.
In this upmove, auto and banking stocks are likely to be the outperformers. Even though the Q4 numbers were largely disappointing, the Congress' victory in Karnataka is a big positive as it brings more stability at the Centre.
Prabhakar's net worth was up by 6.68 per cent at Rs 10.67 lakh.
SHARDUL KULKARNI
Head, Technical Research, Angel Broking
After clearing off his whole portfolio over two weeks back, Kulkarni continued to build his new portfolio by adding L&T Finance Holdings and Hindustan Oil Exploration Co.
Two of his initial additions in the new portfolio-Jubilant Foodworks and Tech Mahindra-witnessed partial booking of profits.
Kulkarni is of the view that even though the rally has been extraordinary, it's time to take the money off the table as the overall set-up of the market is slightly difficult to assess. It's currently a game of liquidity versus logic. Also, going forward, Indian currency is likely to depreciate to the levels of 56.5.
L&T Finance Holdings, Hindustan Oil Exploration, Jubilant Foodworks and Tech Mahindra were his top holdings.
Kulkarni's net worth was up 23.80 per cent at Rs 12.38 lakh.
NAVEEN FERNANDES
Fund Manager, Centrum Wealth
Fernandes was inactive for the week. He expects the market to remain strong, with Sensex touching 20,000-21,000 by September-end as the interest rate reversal is likely to continue.
The next trigger for the upmove will be domestic institutional investors selling tapering off, as they have already sold Rs 90,000 crore of stocks in the last 16 months. The only risk in our view is the failure of the monsoons.
His top holdings include Karur Vysya Bank, MRF, ITC, Nesco and Balmer Lawrie and Co. Fernandes' net worth stands at Rs 11.83 lakh, up 18.26 per cent.
KISHOR OSTWAL
CMD, CNI Research
Ostwal continued to remain on the sidelines. Ostwal observes the recent rally in markets has been on the back of FIIs buying index stocks with no retail participation. Even though there is some room for Nifty till 6,170 (which should happen early next week), from thereon, markets may correct till 5,800 till the end of settlement on May 30. However, if the Nifty crosses and closes above 6,200, then new higher levels can be expected.
His holdings are IndianOil Corp, Reliance Industries, Power Finance Corp, Tata Motors and Karnataka Bank.
Ostwal's net worth gained 3.5 per cent to Rs 10.35 lakh.
SACHIN SHAH
Fund Manager, Emkay Investment Managers
Shah had no buy calls this week as stocks like HDFC Bank, Blue Dart Express,Infosys and IDFC were cleared off his portfolio.
Shah believes there can be some profit booking at higher levels as the markets have run up quite a bit in the last couple of weeks. Also, domestic institutions once again have turned sellers at current levels.
As of now, his holdings are ICICI Bank, PTC India, Cipla, Divis Laboratories and Biocon.
Shah's net worth is at Rs 11.24 lakh, up 12.39 per cent.
TAHER BADSHAH
Sr VP and co-head equities, Motilal Oswal AMC - PMS
Badshah got in and out of United Spirits through the week. Some of his buys were Tata Steel, State Bank of India and Titan Industries. Meanwhile, Kotak Mahindra Bank and Cipla figured on the sell side.
His top holdings include Maruti Suzuki, State Bank of India, Tech Mahindra, United Spirits and DLF.
Badshah's net worth is at Rs 11.87 lakh, up 18.74 per cent.
For Smart Portfolios, visit www.smartinvestor.in/sp
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