Page 16 - Market Interviews

Don't shun midcaps, smallcaps just because they surged 40-50%: Invesco CIO

'What will matter in 2024 from the market standpoint is the direction of interest rates globally, as well as in India. The results of the general elections will also be keenly watched'

Commercials back rupee-denominated borrowing: HSBC India's Amitabh Malhotra

"Given cross-currency hedging rates, the borrowing cost in dollar terms would be significantly more for companies that do not have a natural hedge"

India's relative position at its strongest in many years: Raj Balakrishnan

The deal pipeline across products is robust for 2024. Banks are actively working on several IPOs, with plans to file them in the next three months, says Balakrishnan

Next year will be equally robust for IPOs: IIFL Securities' Nipun Goel

Goel says that the increased focus on profitability and reasonable pricing underpins demand for IPOs

RBI likely to keep rates on hold for entire 2024, says Kaustubh Gupta

We believe US rates have peaked, and the US Federal Reserve can start easing in the second half of 2024. However, the same cannot be said for Indian policy responses

High US bond yield 'negatively impacts' India's appeal: Umang Papneja

Country's growth and market dynamics continue to make it an appealing investment destination, says CEO of Julius Baer India

India's performance vulnerable to improving Chinese data: Eleswarapu

Eleswarapu states that the growing domestic appetite, which has provided much-needed support for domestic equities, will remain a long-term trend

UBS is underweight on Indian equities within EM/Asia: Sunil Tirumalai

Valuations in India, he said in this interview, are pricing a lot more 'sentiment' premium than what fundamentals of the stocks can explain

Betting on domestic-driven sectors amid global headwinds: Manish Gunwani

The quarterly results have been mixed until now, with information technology (IT) and consumer sectors being a bit weak while financial has been quite healthy, said Gunwani

Broking industry must prepare for next downturn: Samco CEO Jimeet Modi

Modi says that the account aggregator framework will be the next game changer for the industry

See greater comfort in largecaps compared to small and midcaps: UTI AMC CIO

Subramaniam says pharmaceutical and healthcare sectors are reasonably valued and are showing incremental improvements in their balance sheets

It's time for bottom-up stock picking, says Anand Rathi's Varun Saboo

"The Indian economy and the fundamentals of India Inc are standout, but valuations, on the whole, have become rich," Saboo says

We've been exploring themes with secular implications: Prakash Kacholia

The strong first-quarter FY24 earnings are expected to normalise in the coming quarters, with a potential growth rate of 20-22 per cent, said Kacholia

We're the go-to firm when it comes to mid-caps: Equirus MD Ajay Garg

'Equirus is well poised to have leadership in five broad business areas'

Smallcap, midcap funds face risk of mean reversion: DSP MF MD & CEO

Data shows that markets may have mispriced the disinflationary trend that is gaining traction along with a stable demand and supply situation for government bonds, said Parekh

We're excited about equities in current economic scenario: Rahul Singh

Consumption slowdown is a concern, although profitability margins are being protected due to softness in input prices, said Singh

We want to be No. 1 in affordable housing by FY26: Ravi Subramanian

RAVI SUBRAMANIAN, managing director and chief executive officer, feels that the sector is in a sweet spot, and capital will not be a constraint for the better-run players

Two or three other indices may also include India: PNB Gilts MD & CEO

Goel said that there are two or three other indices that may also include India

Buying stocks today seems like a good idea: Julius Baer's Mark Matthews

We don't categorise markets in terms of developed versus emerging as much as we analyse individual markets with their unique attributes, said Matthews

Micro, macro and geopolitical factors favouring Indian markets: Ajay Saraf

Markets activity will be robust but be careful around large events, says the head of Investment Banking and Institutional Equity at ICICI Securities