NEW DELHI: Weak global cues, fears around the AGR issue and iPhone maker Apples alarm bells over coronavirus kept investors on edge on Dalal Street through most of the truncated week gone by.
Nifty even breached the crucial 12,000 mark.
Some analysts expect the market to be remain narrow and concentrated for some time.Equity investors remain puzzled, failing to decide whether they should go with the momentum and bet on the select largecaps that have been rising steadily despite high valuations or focus on valuations and scour for shares of those growing businesses whose stocks have been down in the dumps.Meanwhile, Twitter has been abuzz with market veterans generously sharing their thoughts on the burning issues and expert tips on how to navigate the current conundrum.Here's a look at what top Dalal Street honchos are reading into the emerging situation, what's their outlook for the market and specific stocks and what's on their mind and in their Twitter feeds.CORONAVIRUS SCAREIndependent market expert Sandip Sabharwal says although the Chinese economy was already slowing before being hit by coronavirus, the impact of this crisis could be a prolonged slowdown in China and many MNCs are going to take a hit.Sabharwal sounded the warning bells, saying China has gone for a massive yuan devaluation to deal with coronavirus outbreak and it's a risk markets have been ignoring.WHAT AWAITS INDIA?Value investor Safir Anand lists out three things that can have a positive impact on the India economy in the near future.
Take a look! One of them might just materialize in the weeks ahead.AGR ISSUESabharwal says there's little chance of a stressed fund for telecom and, hence, he advised investors to avoid betting on telecom stocks on this news.Anand has a solution to deal with the telco issue.
Have a look:-MARKET MANTRAYES Securities' Senior President Amar Ambani says LIC IPO could trigger huge retail demand and lead to a major jump in the number of demat accounts.Shyam Sekhar of iThought has a word of caution on microcap stocks.
He says the market is living in value concentration camps.