INSUBCONTINENT EXCLUSIVE:
Mumbai: Equity markets had a historical journey in Samvat 2076, as it marked ayear of huge volatility, unpredictability, pessimism,
All in all after a turbulent past year, we can look forward to a relatively sedate but selectively rewarding year, said Brokerages in their
outlook for Samvat 2077 which is setting in this Diwali on November 14.The markets touched an all time high of 12,431 in January 2020 and
then hit a 3 year low of 7,511 in March'20 as COVID-19 pandemic gripped the whole world, becoming one of the biggest threats to the
With the pandemic accelerating the shift towards a digital economy, the leadership shifted from banking to the technology sector in Samvat
European nations are going in for fresh lockdowns, Indian economy is recovering very fast and returning to normalcy
This period also coincides with calendar year-end when tax selling by investors happen
This corrective period could last a few months post which choppy period could follow
At 18 times FY22 earnings, Nifty-50 valuations is also not very expensive as it is trading closer to its long-period averages
months perspective, we are positive on IT, Healthcare,Rural-Agri, Telecom, Consumer along with select Financials
vaccine (by middle of next year)and the economy gets back to normalcy, we can expect the economydriven sectors to outperform the defensives
ranges between 20 and 39 per cent (Versus single digit potential upside in Nifty-50)
Since most of the economy driven sectors are prone to market correction one should have an accumulation strategy in them rather than
investing at one go, Oza said.The risk-reward balance is less attractive after the recent recovery in stock prices
The earnings yield of Nifty-50 works to 4.5 per cent which is way below the 10- year Government Securities yield of 5.9 per cent
However, the very low global bond yields are supporting flows into risky assets like equities that are keeping valuations at elevated
at lenders, stress in MSMEs, fiscal deficit, inflation, job creation etc
quarters though the mid-cap and small cap segments, after going through tough times, have handsomely bounced back in the last few months
