Stock market time

Vivek Sharma of Gulaq Inflation has definitely not peaked out. We might remain in a high inflation regime for much longer, feels Vivek Sharma, Director (Strategy) and Head of Investments at Gulaq, a part of Estee Advisors. Sharma said the point of concern is the possibility of a hard landing of US economy because of the rising interest rates. Higher rates in-turn lead to FIIs pulling out money invested in India at increasing pace. This will have higher impact on stock markets than on economy. So the chances of a bear market are higher than that of a recession, said in an interview to Moneycontrol. Edited excerpts: Do you foresee a recession going ahead given the elevated oil prices? Elevated oil prices is definitely a cause of concern for Indian economy. Oil comprises about 20 percent of our import bill, so this directly impacts our current account deficit and puts pressure on rupee. Close But the bigger concern is the possibility of a hard landing of US … [Read more...] about Daily Voice | Chances of a bear market higher than that of an economic recession: Vivek Sharma of Estee Advisors

Siddharthaa Bhaiya, Managing Director and Fund Manager of Aequitas, said their investment philosophy is guided by a multibagger approach that identifies long-term potential through extensive in-house research. They invest in Indian listed equities in small and mid cap space and identify companies that are leaders by way of margin or sales in their respective sectors. Siddharthaa Bhaiya added that they hold stocks through their entire wealth creation journey making average holding period approximately 4-5 years. In an interview to Moneycontrol, he said they do see potential in the auto space. Here are edoited excerpts from that interview: What is your investment philosophy and what is your suggestion to the new-age investors? Close Don't try to time the market : As famously said by Peter Lynch: “Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” Nobody can predict what is going to happen … [Read more...] about Don’t try to time the market, advises Siddharthaa Bhaiya of Aequitas

The downtrend in the market is far from over, if technical evidences are considered, and the broader index may decline to a level anywhere between 13,950 and 13,500, says Mazhar Mohammad, Founder and Chief Market Strategist at Chartviewindia. "We are not buyers at these levels but wait for a panic bottom to form around 14,000 levels which should be a good opportunity," he says during an interview with Moneycontrol . But, investors can focus on themes like electric vehicle (EV) ecosystem from Auto space, high beta large-cap private banks space and can start accumulating some of the midcap IT counters which corrected by 40 - 50 percent, he says. Excerpts from the interview: Do you think the Nifty50 has bottomed out after hitting a fresh 52-week low so far as chart patterns and sentiment indicators show? In recent times, more often than not, investors have seen markets staging bigger rallies after slightly bigger corrections or a market crash kind of situation. Hence, it … [Read more...] about Chart patterns hint at more downsides, wait for panic bottom at 14,000 on Nifty, says Mazhar Mohammad of Chartviewindia

- A + A NEW YORK (June 28): U.S. stocks ended a volatile trading session slightly lower on Monday after posting sharp gains the week before, while oil prices and Treasury yields rose. Oil climbed following last week's rout, as the Group of Seven nations promised to tighten the squeeze on Russia's finances with new sanctions that include a plan to cap the price of Russian oil. Investors have been hoping oil's slide from three-month peaks hit earlier in June could ease overall inflation concerns and allow the U.S. Federal Reserve to tighten policy less aggressively than initially feared. Still, data on Monday showed new orders for U.S.-made capital goods and shipments increased solidly in May, pointing to sustained strength in business spending on equipment in the second quarter. Stocks moved between gains and losses during the session on Wall Street, with big growth shares leading the way down. "It's not shocking given we're in a bear market that last week was a … [Read more...] about U.S. stocks fall after recent big gains; oil, yields rise

Naveen Kulkarni of Axis Securities The sense on the Street is that India's banking shares could be a big mover over the next 12 months, as all the positives start getting priced in. In conversation with Moneycontrol, Naveen Kulkarni, Chief Investment Officer at Axis Securities also believes that the picture for Indian IT sector 'remains quite complex' at this juncture. He advices investors to be selective, and also to wait for another quarter to understand the changing trends here. Here's the full interaction. Do you think the new-age tech companies will delay their IPO plans, especially after already-listed new-age companies were hit quite badly in the recent turmoil and corrected more than others? The market has changed for technology companies after the significant correction seen on the Nasdaq. As central bankers around the world try to manage the liquidity - which is fuelling global inflation - the cost of funds will continue to rise. This will have the most … [Read more...] about Daily Voice | FII selling may now abate, banks ripe for up move over 12 months

"It will be early to assume that the full impact of headwinds (that confront the global and Indian economy currently) are priced in," says Dhananjay Sinha, Managing Director and Head Strategist and Economist - Equity Research at JM Financial Institutional Securities. Gauging the markets using this monitor, JM Financial sees that 30-35 percent of the characteristics of past capitulation are visible as of now, leaving further scope for adjustments. Hence they expect commodity prices to correct further and crude would be the last to collapse, giving rise to a scenario of market capitulation. Thus, the markets may still be afar from a deep value situation, Sinha shares in an interview with Moneycontrol . Excerpts from the interview: Do you think the market fully priced in all these risk factors? Do you see any other risk that the market hasn't factored in yet? While it is true that the market now knows the various risks that confront the global and Indian economy, it will … [Read more...] about Daily Voice | More correction likely as these four risk factors not priced in yet, says Dhananjay Sinha of JM Financial

Last week, I wrote about how to avoid ending up with inventory you cannot sell . But let's say that's exactly what you have: A garage stacked with boxes of product you thought consumers needed, but have had trouble getting off your hands. In my experience, this is not uncommon. For more than 15 years now, I've been hearing a version of the story below. You have this great idea for a new product you believe everyone wants. So you file a patent application, which, after it issues and all is said and done, ends up costing you about $15,000. You work with a manufacturer overseas to produce the minimum amount required for an order, which runs you between $20,000 and $50,000. You pay a professional to help you set up your website and begin selling on Amazon, which you perceive to be a low-cost course of action. All in all, by the time you're in business, you've made a major financial investment. But without the marketing to back it up, the reality is, finding your … [Read more...] about What to Do With All That Inventory You Can’t Sell

Share to Twitter Share to Linkedin The sad thing about vacations is that no matter how much fun you’re having, they have to end. Just consider that demand for vacation homes has fallen below the pre-pandemic baseline for the first time in two years. Sky-high home prices and surging mortgage rates, along with economic uncertainty and an increase in second-home loan fees, have put the kibosh on the pandemic-driven vacation home boom. Mortgage rate locks for second homes are down 4% from before the pandemic in May. That’s down from a revised rate of 3% above pre-pandemic levels a month earlier, and 70% above pre-pandemic levels a year earlier, according to a Redfin analysis of Optimal Blue data. A mortgage rate lock is an agreement between a home buyer and lender that allows the buyer to lock in an interest rate on a mortgage for a fixed period, offering protection against future interest rate hikes. Home buyers must specify whether they are applying to … [Read more...] about Demand For Vacation Homes Is Now Below Pre-Pandemic Levels

- A + A KUALA LUMPUR (June 27): Bursa Malaysia Bhd is leading the Task Force on Climate-related Financial Disclosures (TCFD), implementing four out of five activities in support of the diffusion of reporting practices in alignment with the recommendations of the TCFD. According to a report launched recently by the United Nation Sustainable Stock Exchanges (UN SSE), 69 stock exchanges globally were taking actions in support of enhancing climate-related financial disclosures in their respective markets. TCFD is advocating a series of activities to promote reporting practices aligned with its ESG and climate-change mandate. The four activities Bursa Malaysia will be implementing include published guidance on ESG disclosures, publish stand alone guidance specifically for climate-related disclosures, hosting TCFD training and starting its own journey towards aligning with the task force's recommended disclosures. According to the report, the most common activity among … [Read more...] about Bursa Malaysia implements four out of five TCFD recommendations

- A + A KUALA LUMPUR (June 27): Here is a brief look at some corporate announcements and news flow on Monday (June 27) which include Dagang NeXchange Bhd, MyNews Holdings Bhd, AirAsia X Bhd, Spritzer Bhd, Sapura Energy Bhd, Pertama Digital Bhd, Southern Cable Group Bhd, Tenaga Nasional Bhd and Reach Energy Bhd. Dagang NeXchange Bhd (DNeX) signed a memorandum of understanding with Saudi Arabia-based Ajlan & Bros Holding Group (Abilitii) to explore business synergy between the two companies. DNeX said the companies will look into business collaboration in technology, software products and platforms for facilitating trade, oil and gas production and trade, software development, system integration and consultation services. MyNews Holdings Bhd posted its ninth consecutive quarter in the red, with a net loss of RM10.22 million for the second quarter ended April 30, 2022, from RM10.32 million a year ago. The results came amid higher revenue, offset by higher cost … [Read more...] about DNeX, MyNews, AAX, Spritzer, Sapura Energy, Pertama Digital, Southern Cable, TNB, Reach Energy