Page 10 - Market Interviews

Margin gains limited; earnings to align with top line: Anish Tawakley

In an interview, Tawakley advises investors entering equities now to maintain a long-term horizon

Markets have started to price in a higher recession probability: Anurag Mittal, UTI MF

Mittal expects the RBI to cut rates up to 75 bps in the next 6-12 months. Given the sticky domestic inflation, he sees BOJ gradually tighten the monetary policy

High-quality stocks at their cheapest in 20 years, says Saurabh Mukherjea

There is a huge valuation disparity between American and Indian small and midcap stocks despite similar fundamental growth prospects, he says

Fed's September rate cut unlikely to alter RBI stance: Rajeev Radhakrishnan

Radhakrishnan notes that global central banks' potential policy easing could further bolster demand

More regulation needed to curb retail speculation in F&O: Amisha Vora

Sebi's proposed changes will significantly impact discount brokers, whose business relies heavily on retail F&O trades, Vora said in this interview

Moderate earnings growth this year, but strong outlook: Bhandwaldar

Bhandwaldar discusses the potential end-of-earnings downgrades for the information technology (IT) sector, noting that upgrades will depend on the US outlook

For valuations to sustain, corporate earnings need to deliver: Setalvad

Setalvad says positive surprises may emerge on the rural consumption front amid favourable monsoon and a low base

Capital gains tax changes may impact investment behaviour: Rashesh Shah

Buyback and tax-free dividend had a gap and an equalisation was needed. Volumes in F&O trading had gone up rapidly and, in a way, the increase in STT on F&O will protect investor interest, he said

India's high growth will help soften LTCG blow: Invesco MF's Taher Badshah

Badshah says that the hike in capital gains taxation is an adverse development, but given the high growth trajectory of domestic equities, it shouldn't be a major worry

Main focus of foreign investors will be on capital gains tax: Mark Matthews

"There were indeed no big-bang announcements, but on the other hand I don't think the market was expecting any"

Capital spending on infrastructure will once again be in focus: Rahul Singh

SMID stocks over 50-60%? Time to rethink and trim down

'Tax relief for the middle class will be a big positive for the markets'

Nifty is comfortably trading at 15-year average PE of 19.2x. As long as valuations are not frothy in large caps, there's not much to worry about, said Siddharth Vora of Prabhudas Lilladher

Negative surprise on fiscal deficit unlikely in Budget: Nippon India MF CIO

The current government, right from 2014, has shown an inclination to maintain fiscal discipline, he says

Budget may give more importance to populist measures: Nischal Maheshwari

Valuations are reasonable and the outlook is improving in IT, BFSI and FMCG. Defence, engineering and power are clearly overpriced and some profits can be taken, Nischal Maheshwari of Centrum said

See a possibility of Nifty hitting 28K this year: YES Securities India ED

Ambani says that given the government's robust revenue position, there won't be any disruptive tax measures in the upcoming Budget

Never late to the party with growth's long runway: Gautam Chhaochharia

Chhaochharia discusses factors impacting the markets and the economy

'Domestic flows will sustain, but will not rise meaningfully from here'

The pockets of the market in which excess exuberance can be seen will undergo a reality check of earnings and valuations, said Gautam Sinha Roy of ICICI Pru Life Insurance

Govt unlikely to choose fiscal profligacy: Elara Capital CEO Raj Bhatt

Bhatt says India stands out globally because of its financial discipline

Small investors should avoid getting into derivatives: NSE MD & CEO

NSE's MD & CEO suggests proposed rules will prevent potential malpractices by ensuring that only sufficiently liquid companies are included in the F&O segment

Investors have matured, bear market not a major worry for MFs: DP Singh

Singh says the assets under management (AUM) can touch Rs 20-trillion in the next five years if the market remains supportive