Page 50 - Puneet Wadhwa

'Dec'21 Nifty target of 16,500; still a lot of opportunity in large-caps'

Piyush Garg, executive vice-president & CIO PMS, ICICI Securities shares his views on the road ahead for the markets and the investing strategies one should adopt

RBI lowers FY22 GDP forecast to 9.5%, CPI inflation projected at 5.1%

Going forward, the inflation trajectory is likely to be shaped by uncertainties impinging on the upside and the downside. The rising trajectory of international commodity prices, especially of crude

Nomura remains overweight on India; Infosys, RIL, ICICI Bank among top bets

Going ahead, Nomura said, markets will focus more on corporate earnings rather than the broad economic growth in India

India could see a record equity supply of Rs 2-3 trn in FY22: Jefferies

Over the past decade, the contribution of IPOs to equity fund-raising at around 27 per cent has been muted, Jefferies said

2nd Covid wave increased financial risks to households, small biz: Moody's

India's financial sector, the rating agency said, is the main driver of potential event risk to the sovereign

Despite near-term headwinds, analysts bullish on FMCG stocks

Companies, analysts feel, will be able to pass on the sharp rise in raw material (oil) prices over time

Sensex records sharpest May-month rally in seven years; gains 6.5%

The S&P BSE Sensex gained 6.5 per cent, or 3,154 points in May on optimism on economic rebound and progress in pandemic fight is expected to evince buying interest across major sectors.

Sensex at 200,000? Possible in 10 years, says Raamdeo Agrawal

Back in 2017, Mark Galasiewski of Elliot Wave International had reiterated that he expects the S&P BSE Sensex to hit the 100,000 mark by 2024

Don't get swayed by current optically high valuations: Mahesh Patil

Defensive sectors like information technology (IT) and consumer may lag, says CIO Patil

Oil stocks are the best cyclical, economy reopening bet: Chris Wood

Global markets, according to a note by Goldman Sachs, are currently underestimating the demand for oil

Analysts see RBI remain accommodative, hold rates in June 4 policy review

In April, the six-member monetary policy committee had voted unanimously for a status quo on the key rates

Markets underestimating oil demand; see Brent at $80: Goldman Sachs

International travel, according to Goldman Sachs is another key factor that is likely to trigger a demand rise, which in turn will keep oil prices elevated

Market gives steady compounding return in mid-to-long term: Manish Gunwani

The market offers a steady compounding return in the medium-to-long term, says Gunwani

'Indian crypto market has flourished since the onset of the Covid'

We see a possibility of the Indian government considering forming a panel to regulate cryptocurrencies as digital assets than tokens, Gupta said

SBI report pegs total Covid vaccination cost in India at Rs 3.7 trillion

Poorer states with high population would not be able to vaccinate themselves quickly. Richer states may have to pay a much steeper price given the global oligopolistic market, the report said

Fertiliser stocks ride high on subsidy hike: Here're the top gainers

Analysts say the hike in DAP subsidy will have a positive rub-off on fertiliser and agri-input companies

Over half of BSE 500 stocks trade below their all-time highs

New-age businesses are doing well as compared to the traditional sectors and the optimism is getting reflected in their stock prices, analysts say

Bitcoin is the most crowded trade globally, says BofA Fund Manager Survey

Inflation is now counted as the biggest risk for markets with 35 per cent of FMS investors agreeing to this, followed by taper tantrum (27 per cent) and asset bubble (15 per cent)

Morgan Stanley's bull case scenario sees Sensex at 61,000 by December 2021

In a bull-case scenario (30 per cent probability), Morgan Stanley sees the Sensex at 61,000 levels - an upside of around 22 per cent from the current levels

Analysts cautious on corporate earnings growth amid Covid-led lockdown

During the first wave, FY21 and FY22 Nifty earnings estimates, according to analysts at Jefferies, were cut by 33 per cent and 21 per cent respectively till September 2020