The government is not looking aggressive enough and giving “some interesting ideas that we can hope for in the next few weeks”, Samir Arora, Founder and Fund Manager at Helios Capital, has told CNBC-TV18.Arora said the government after going for the corporate tax rate cut should expand the tax cuts “maybe for consumers, stock markets. In fact, the government is not looking aggressive enough, in fact they have to put that bad patch out".After the government reduced the corporate tax on September 20, the Sensex has rallied 13 percent and hit a record high followed by consolidation.Close The consolidation, with no big correction, indicates that the market could be waiting for more announcements from the government.Samir AroraFund Manager|Helios Capital Management India did better than expected given PNB scam, LTCG tax: Samir AroraLTCG will hurt FII behaviour; will make India underperform other EMs, says Samir AroraYear 2018 will be much tougher for the market than 2017: … [Read more...] about ‘If there is no fiscal expansion in Budget, market will fall’
Formula expected rate of return
In an interview with CNBC-TV18, Samir Arora, Founder & Fund Manager at Helios Capital gave his take on Arun Jaitley's Union Budget 2018 and his outlook on the road ahead.Long-term capital gains (LTCG) tax should be paid but at the same time, people should not say that it does not matter. Nobody minds LTCG if that is what you want but please also admit that it matters. It is wrong to say that imposition of LTCG tax doesn’t affect investors, he said.According to him, India is growth and therefore nobody can live without it.Close India should now, unfortunately, underperform global peers, emerging market peers by 5-10 percent, he added.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 AroraYear 2018 will be much tougher for the market than 2017: Samir AroraRally in India is driven by strong US market, he further mentioned.Speaking of money flow, he said … [Read more...] about LTCG will hurt FII behaviour; will make India underperform other EMs, says Samir Arora
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?
Share prices of insurance companies rallied 2-8 percent in the morning trade on December 10 after a media report said that the government may raise the foreign direct investment (FDI) limit in the sector.HDFC Life Insurance Company, SBI Life Insurance Company and ICICI Prudential Life Insurance Company gained more than 2 percent each, while General Insurance Corporation of India climbed 4 percent and New India Assurance Company rose 7.8 percent."The government may raise the overseas investment limit in insurance to 74 percent in the February budget, up from 49 percent now, possibly paving the way for foreign control of companies," The Economic Times quoted people with knowledge of the matter as saying.Close The Insurance Regulatory and Development Authority of India (IRDAI) sought the views of stakeholders in a December 2 letter on the direction of the government. The letter, to insurance companies and others, has called for suggestions on raising the FDI … [Read more...] about Insurance stocks gain 2-8% on report of likely increase in FDI limit
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