Market Interviews

NSE's next growth leg: New products, newer markets, more technology

NSE is conservative in accounting for capital expenditure because much of its investment is in manpower and software, which is expensed rather than capitalised, says Ashishkumar Chauhan

Fund performance in focus as Tata AMC looks to add AI investment talent

Tata AMC chief Anand Vardarajan says the fund house will strengthen its investment team, explore AI talent and launch products across passive funds, SIFs and GIFT City

Hindi-speaking regions emerging as MF's new 'growth engine': Vishal Kapoor

Hindi and regional-language content, digital access and rising financial awareness can help mutual funds deepen their reach beyond major cities

Large-caps, financials, IT: Axis MF's Devalkar on where he sees opportunity

We remain constructive on the financial sector, particularly on high-quality private sector banks, said Shreyash Devalkar of Axis MF.

Ease of doing business is not a consideration even today: Anjan Chatterjee

Speciality Restaurants' Anjan Chatterjee on liberalisation, scaling brands, competition and the challenges confronting India's restaurant industry

Active large-cap funds can outperform in next 3-5 years: Ashwini Shami

We find the large-cap segment to be the most fairly priced compared to mid and small caps at the broad level, says Ashwini Shami of OmniScience Capital.

'Higher bond yields are making the equity market more earnings sensitive'

Fed expected to hike rate and RBI's recent minutes suggesting a likely start to rate hike cycle, could pave the way for yields to increase, said Elara Securities.

PL group spots next capex wave in power, data centres, and renewables

India's capex cycle gains momentum, creating opportunities across power, data centres, semiconductors and defence

Markets are cyclical; it's a good time to invest: Deepak Shenoy

Markets are cyclical and therefore will give you outsized returns in one year and undersized returns in another year. It's never always the same.

HDFC Bank's Puri legacy hard to match; India expensive mkt: Shankar Sharma

SIPs have been marketed as a product that can deliver 12 per cent, 14 per cent and other such fantastical figures. These claims are made by people who have a vested interest in saying so, Sharma said.

Largecaps merit a relook after prolonged underperformance: Harsha Upadhyaya

Kotak MF's Harsha Upadhyaya favours banking, manufacturing and healthcare, while remaining cautious on IT and advising investors against aggressive mid- and small-cap bets

Markets not yet pricing in rate hike possibility: Aditya Khemka, InCred

A rate hike expectation should have taken the valuation below its historical average, as the earnings growth for the Nifty 50 has been below the historical average, says Khemka.

Opportunity to raise money via NFOs maybe limited: Chirag Setalvad, HDFC AMC

The slowdown in NFOs is more to do with the product suite being complete rather than concerns on the market's trajectory, Setalvad said.

Nifty may hit 28,615 by Dec'26 if FII flows rise, oil cools: Rajesh Palavia

Rajesh Palviya of Axis Direct believes that following the January peak of 26,373, Nifty's valuation premium over emerging markets narrowed significantly, establishing a healthier starting point for H2

CAS to make it tougher for retail traders to make money in F&O: Jimeet Modi

When the system becomes more complicated, it can create barriers and discourage participation, says Jimeet Modi, founder and chief executive officer of Samco Group

Q1FY27 earnings strong; manufacturing emerges as top bet: Sachin Bajaj

Over a three-to-five-year horizon, Sachin Bajaj of Axis Max Life said that he favours businesses with hard-to-replicate assets, pricing power, credible management teams and strong governance.

FY27 to be challenging for PSU banks, limited room for upside: Seshadri Sen

With limited RoA levers left and a risk of credit costs normalising, we see limited room for further upside in PSU bank stocks, said Seshadri Sen of Emkay Global.

Small, midcap valuations backed by strong earnings growth: Ramesh Mantri

"Sustained FII selling has hurt largecaps disproportionately because foreign investors typically have a higher allocation to these companies"

Nifty can rise 7-8% by year-end; avoid legacy IT stocks: Vinit Bolinjkar

Q1 FY27 has surprised positively at the aggregate level: ex-OMCs, corporate earnings grew around 17 per cent YoY, led by BFSI, metals, technology and autos, said Vinit Bolinjkar.

Earnings & fundamentals are beginning to matter again: Vaibhav Chugh, Abakkus MF

The biggest opportunity for a fund house to differentiate itself lies in the strength of its investment philosophy, people, and processes, Chugh said.