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Tweet Buster: Experts say forget global cues, Dalal Street set to rally

NEW DELHI: Optimism has been running high on Dalal Street after a host of announcements that came in the Friday evening from Finance Minister Nirmala Sitharaman, and the same is most likely to reflect when the market opens for trading on Monday.

“The withdrawal of the enhanced surcharge on FPIs is a big positive for the Indian market, as it could reverse the outflows seen since Budget. It should also help the rupee appreciate. Overall, it’s a good sentiment booster for Indian economy,” said Rusmik Oza, head of fundamental research, Kotak securities.

The popular sentiment remains bullish, with Sandip Sabharwal claiming that the US-China trade war would not be able to dampen the spirit back home.

Bears betting on US Fed Chairman’s comments or fall due to China Tariffs might be disappointed. A good short trap in place.

— sandip sabharwal (@sandipsabharwal) 1566570879000

As the Government catches on to the issues plaguing the economy at a time When markets are heavily oversold, Option… https://t.co/3TYfwtivQ4

— sandip sabharwal (@sandipsabharwal) 1566651257000

Basant Maheshwari, a PMS fund manager, thinks amid the US-China trade tussle India stands a chance to gain & how

Xi on the offensive against @realDonaldTrump. China wants US to hit recession & the Dow to fall-all to stop Trump’s… https://t.co/bqyKHUiwQF

— Basant Maheshwari (@BMTheEquityDesk) 1566636012000

Sabharwal says stronger NBFCs are in for a positive following DHFL resolution was approved.

#DHFL resolution when finally approved is a significant market positive. Especially for stronger NBFCs which got beaten down excessively

— sandip sabharwal (@sandipsabharwal) 1566194290000

However, Sabharwal says MPC is doing too little to prop up the economy, and they are “missing the bus.”

Anyone following #MPC minutes would have thought that they are so concerned on growth and high real rates that they… https://t.co/aHCUhRsI5H

— sandip sabharwal (@sandipsabharwal) 1566388861000

Sabharwal also has a recommendation for YES Bank. He says, “The only way for YES Bank to regain the confidence of investors is to cut down growth completely, fix the balance sheet, build reserves & then get in a strategic investor.”

The only way for @YESBANK to regain confidence of investors is to cut down growth completely, fix the balance sheet… https://t.co/OrHWUKp1Wn

— sandip sabharwal (@sandipsabharwal) 1566294522000

Smallcap czar Porinju Veliyath tweeted that India is behind Sri Lanka, Indonesia, Venezuela and closer to Kenya and Bangladesh in GDP/Capita Nomial USD — a real indicator of standard of living that matters to you and me!

To be honest, it is nonsense to compare India with China, US, France, Japan etc. based on total GDP. The truth is… https://t.co/JzL6fu1noz

— Porinju Veliyath (@porinju) 1566538530000

Shyam Sekhar’s advise amid the market mayhem is choosing the right SIP and not stopping the SIPs.

https://twitter.com/shyamsek/status/1163838784586129411

Sekhar says in this market the right idea is to buy assets than earnings.

https://twitter.com/shyamsek/status/1165447541992779776

Lastly, Basant Maheshwari on why investing is a long journey…

The 1st bear market you lose it all & the market pushes you back to ground zero. 2nd, you lose most of it but stay… https://t.co/AbUI8RZEX0

— Basant Maheshwari (@BMTheEquityDesk) 1566264239000

C K Narayan’s takeaways from FM’s booster measures

2 takeaways from FM event. One, she was completely at ease, confident and prepared. Two, the govt and the FM had th… https://t.co/60n30j6gWx

— Dr.C.K.Narayan (@CK_Narayan) 1566712252000

Source: Economic Times