Markets likely to remain strong but be cautious, warn fund managers

As the markets surged three per cent during the week, all three active managers, too, registered gains with Ankit Agarwal from Centrum gaining over four per cent.

Taher Badshah, senior vice-president and co-head, equities, Motilal Oswal AMC- PMS
Tata Motors and Infosys, two of the top gainers of the week from the Sensex pack, helped Badshah edge higher.

He had added Infosys to his portfolio before the company announced its quarterly numbers. Cairn India and Tata Coffee were also added during the same time.

Expect market to remain strong but individual stock volatility will rule the roost due to the results season, warns Badshah.

Badshah's net worth is at Rs 10.16 lakh, up 1.57 per cent.

Sunil Jain, head - equity research - retail, Nirmal Bang
Escorts, Dabur India were the two picks for Jain over the last fortnight. The gains in Escorts and Balrampur Chini Mills during the last two weeks helped cushion the losses in some of his other picks.

Jain's net worth is Rs 10.17 lakh, up 1.67 per cent.

Ankit Agarwal, vice-president - fund manager, Centrum Broking
After some heavy buying at the start, Agarwal added only Clariant Chemicals (India) to his portfolio.

Agarwal believes markets would take cues from the global developments where a possible resolution on the current impasse over the US government shutdown and increasing the debt limit could govern the move of the markets. More, with the results season underway and the IT results being front-loaded, the markets could trend with a positive bias the next week.

Ankit's net worth is Rs 10.42 lakh, up 4.23 per cent.

Sachin Shah, fund manager, Emkay
Overall, the markets are expected to move depending on how the overall Q2 results pan out, says Shah.

P Phani Sekhar, fund manager-PMS, Angel Broking
Sekhar says markets may make a nervous beginning on the back of a below par August Index of Industrial Production numbers and the onset of the more crucial 17 October deadline for raising the US debt ceiling. Some of the high-beta stocks that rallied over the past two weeks may see profit-booking, he says.

Vinay Khattar, head of research, retail capital markets, Edelweiss Financial Services

Khattar hasn't executed any trades.