INSUBCONTINENT EXCLUSIVE:
While most brokerages foresee strong volatility in equities and unfavourable risk-reward in 2019, many are projecting 10-15 returns, which
power.
Kotak Institutional Equities says next year may be a happy one for equities and expects around 10-15 per cent return from Indian
market on back of strong earnings growth and broadly stable macros
better returns in 2019 with caveat that Indian electorate does not deliver a shock verdict in 2019 elections by electing a fragmented
tension and any surprise spike in crude oil price as key risks for Indian market
The 30-share BSE Sensex rose 6 per cent to 36,068 in 2018, while 50-share Nifty gained 3 per cent to 10,863
HDFC Securities sees Nifty at 12,400 by end of next calendar, while Narnolia Financial Advisors projects Nifty at 11,800.
Optically, rally
in select stocks kept Sensex and Nifty in green whereas smallcaps and midcaps took a heavy beating
As many as 21 stocks from Nifty pack gained up to 50 per cent, with Bajaj Finance being top grosser, while TCS, HUL, Infosys and Kotak
Mahindra Bank climbed between 25 per cent and 45 per cent during year
On other hand, Tata Motors, YES Bank, Bharti Airtel, Vedanta, and Sun Pharma slipped between 25 per cent and 60 per cent
The BSE Smallcap and Midcap indices cracked 24 per cent and 13 per cent, respectively.
Introduction of LTCG tax, reclassification of mutual
funds, Nirav Modi scam, volatility in crude price and rupee, outflows by foreign institutional investors, state elections, Trump tantrums,
NBFC liquidity crisis and global trade tensions kept domestic market sentiment cautious through year.
JM Financial is betting on largecaps
The BSE IT index gained 25 per cent to 14052 on December 31 from 11,278 on December 29, 2017
FMCG and Banking indices advanced 10 per cent and 4 per cent, respectively, in 2018
Auto, Metal, Power, Oil Gas and Consumer Durables indices sank between 9 per cent and 31 per cent.
Sharekhan is overweight on private
sector lenders, including corporate banks, apart from consumer discretionary (focussed on rural demand-driven consumer companies),
agri-inputs, specialty chemicals, and selectively on industrials and IT services
Industries, Take Solutions, Marico and Amber Enterprises and sees 12-38 per cent upside potential in them.
ICICI Bank, IndusInd Bank,
top picks for 2019.
Look, what 2019 might hold for you!
