CNBC-TV18The S&P BSE Sensex rallied by about 29 percent in the year 2017 but the year 2018 is unlikely to deliver a similar return, suggest Samir Arora of Helios Capital in an interview with CNBC-TV18.Arora who is not a big fan of Cryptocurrencies said that 2018 will be a tougher year for investors as compared to 2017. If we look at markets across the globe such as US, Europe, Japan or any market in dollar terms — everything is up 15-30-40 percent.Close In India, midcaps rose by about 45 percent while Smallcaps would be 60 percent. Obviously, this is a bit too much. I no longer believe in fighting the corrections in the market, said Arora.Samir AroraFund Manager|Helios Capital Management 'If there is no fiscal expansion in Budget, market will fall'India did better than expected given PNB scam, LTCG tax: Samir AroraLTCG will hurt FII behaviour; will make India underperform other EMs, says Samir AroraIf you betting on smallcap stocks on the assumption that if markets will … [Read more...] about Year 2018 will be much tougher for the market than 2017: Samir Arora
The market always has stock opportunities whether it is a bull, bear or consolidative phase, say experts. It is for the investor to pick the right stock at the right time and the right price.Ever since the government took a raft of measures, including a cut in the corporate tax rate, experts have turned more bullish, though the market seems to have already priced in expected earnings growth. The benchmark indices have rallied 13 percent since September 20, the day the corporate tax was lowered.Most experts expect earnings and economic growth to pick up in the next financial year, though Q2 GDP pointed to a deepening slow down in the economy. The third quarter is unlikely to be better, considering the weakness across major sectors.Close Experts do not see a major improvement in earnings this year and GDP growth could be well below 5 percent. They, however, do expect double-digit earnings growth next year, with around 6 percent growth in GDP though on a low base of last year. … [Read more...] about Brokerages bullish on these 10 multi-cap stocks; expect 14-121% return in 8-15 months
Aditya AgarwalaThe Nifty has entered in a narrow sideways trading band with a negative bias after making a new all-time high in November. It formed a bearish dark cloud cover pattern the previous week, suggesting that the bears have started creating shorts as the Index approaches stiff resistance zone of 12,100-12,200.On the downside, however, bulls are protecting the cluster of recent lows placed between 11,800 and 11,880, but a breakdown from this cluster of supports can lead to further selling pressure dragging the index lower to 11,680-11,590.Close On the flip side, if the index continues to take support at 11,880-11,800, a short-covering rally may take the index back towards 12,100-12,200.Aditya AgarwalaSenior Technical Analyst - Institutional Equities|YES Securities Ltd Healthy volume activity makes Britannia, Citi Union Bank among top buys; here’s whyPodcast | Stock picks of the day: Immediate support for Nifty seen at 10,970Podcast | Stock picks of the day: UPL, … [Read more...] about ‘This sugar stock could see a double-digit swing in next 3-4 weeks’
Billionaire investor Rakesh Jhunjhunwala might shelve a plan to invest $25 million in Yes Bank due to uncertainty over the lender's capital raising plans, BusinessLine reports.The owner of Rare Enterprises had planned to invest $25 million in the private sector lender through his wife Rekha Jhunjhunwala's family office, the report said.Moneycontrol could not independently verify the story.Close Jhunjhunwala is expected to release a formal letter regarding the investment on December 10, the report stated."The logic behind not subscribing to Yes Bank's preferential allotment by Jhunjhunwala is that it is higher than the prevailing market price. There is also a lock-in period," a source told the newspaper, adding that the market veteran can instead buy shares at a lower price in the open market without a lock-in period.Yes Bank's shares closed at Rs 56.2 on the BSE on December 9, and the preferential offer is priced at Rs 78. At 09:38 hours, the counter was … [Read more...] about Rakesh Jhunjhunwala may withdraw plan to invest $25mn in Yes Bank; stock down over 3%
The US-China trade war, sluggish global economy and a prolonged subdued demand took the sheen of steel in recent times but brokerages and experts are now seeing a glint of revival in the sector.In a report on December 6, Edelweiss Securities said that the US-China trade war had not curbed steel trade in Asia. Besides, China’s production rate had likely peaked and the construction demand in the first half of the calendar year 2020 could even surpass the estimates.Also, low raw material prices are helping maintain the margins in China. All these factors augur well for steel manufacturers, as a stable market balance in China is critical for them.Close "Apprehensions of China upsetting the steel applecart are overdone due to limited capacity increase (38mt) through to calendar year 2023 and steady growth in construction and infrastructure segments, which is 52 percent of demand," said Edelweiss Securities. related news 'Investors with long-term horizon can look at … [Read more...] about Signs of recovery and hope; are steel manufacturers finally ready to shine?