Gold can turn to sand

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

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

Subir RoyIt is hugely ironic that the Bharatiya Janata Party (BJP) government’s decision to speedily amend the Citizenship Act should be met with strong protests not just by key opposition parties for understandable reasons, but also by students across the Northeast, foremost being those in Assam, when they should have been the first to welcome it.The hurried move was prompted by the need to make the National Register of Citizens (NRC) work after the final shape of the Assam NRC was found to be deeply flawed by those who has fought for it over the years. The register, prepared under the supervision of the Supreme Court, was meant to fulfil the promise of the Assam Accord to record the citizenship status of all those who migrated into Assam until 1971, thereby establishing those who came thereafter as foreigners. In the event the Assam NRC excluded many who were not post-1971 entrant Muslim cultivators.Close When this flaw which excluded many indigenous Indians created an uproar … [Read more...] about Politics | Why the Citizenship Amendment Bill does more harm than good

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

The Indian rupee erased morning losses and trading higher at 71.12 per dollar, with domestic equity market trading with marginal gains.It opened lower by 9 paise at 71.29 per dollar on Monday versus Friday's close 71.20.On December 6, the Indian rupee added 9 paise to close at 71.20 against the US dollar.Close The dollar-rupee December contract on the NSE was at 71.37 in the previous session. Open interest increased 0.99% in the previous session. We expect the USD-INR to find supports at lower levels levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect. related news Rupee darts up 16 paise to 71.04 against USD No rate cut by RBI gives strength to INR, traders can form unconventional short strangle The Sensex was up 54.43 points or 0.13% at 40499.58, and the Nifty was up 15.90 points or 0.13% at 11937.40.Gold prices crept higher on Monday after Washington reiterated its stance on a deadline for a new round of US tariffs on Chinese goods this … [Read more...] about Rupee trades higher at 71.12 per dollar