NEW DELHI: It was a week full of action on Dalal Street. On one side, there was mixed sentiments in global markets as the US and China signed Phase I of trade deal, on the other, local markets focussed mainly on the December quarter earnings. And in Friday’s session, the Supreme Court verdict telecom AGR caused a stir.
For the week, the benchmark indices closed on a positive note, having scaled fresh record highs through most of the week. An even stellar performance came from the broader markets. All eyes now shift to the Union Budget and Q3 earnings from the blue chip firms in general, and banks, in particular.
Here’s a look at what analysts made of the week gone by, as they shared their piece of mind on microblogging site Twitter:
Union Budget
Independent market expert Sandip Sabharwal made a case for personal income-tax cut in Union Budget and said there is no point tweaking LTCG and DDT, as they would give further impetus to an already frothy market.
Removal of #LTCG or #DDT will not receive the Economy but just give further impetus to an already frothy market. Be… https://t.co/4htUrA07RL
— sandip sabharwal (@sandipsabharwal) 1579240451000The AGR Saga
Value investor Safir Anand says shutting down of Vodafone Idea will be a big negative on the FDI front and it doesn’t spell positive for India but only Airtel.
Shutting Vodafone will be perceived as big negative for FDI. Even more so looking at what is causing it- interest a… https://t.co/Y7qmQ2qwFk
— Safir (@safiranand) 1579196062000He said the government must come out with a statement on telcos, as there is a lot at stake, including on jobs and huge bank money.
Per me, govt must come out with a policy statement today on telcos. Like sr adv Gopal Jain said in his interview la… https://t.co/kRhWAYUpzx
— Safir (@safiranand) 1579232258000Q3 Report Card
Sandip Sabharwal on TCS, RIL and why their results did not impress him:-
Results of @TCS were the weakest from the Large IT Cos basket. Revenue growth at a Multi-year low Order Intake flat… https://t.co/zUje6zKLaz
— sandip sabharwal (@sandipsabharwal) 1579354602000Despite good headline No #RelianceIndustries results quite average 1. Petrochem business under pressure 2. Refining… https://t.co/f6kKJbc3RM
— sandip sabharwal (@sandipsabharwal) 1579343427000Sabharwal says IndusInd Bank recognised DHFL as a ‘fraud’. If other banks follow suit, then the impact on asset quality could be significant.
In its results @MyIndusIndBank categorized DHFL exposure as a “Fraud” Does that mean that other banks will also nee… https://t.co/tw7czcp7sl
— sandip sabharwal (@sandipsabharwal) 1579063504000Debt mutual funds
Sabharwal says debt mutual funds have become like PSU companies in terms of exposure to stressed accounts, but are investing like equity mutual funds.
Debt Mutual Funds have become like #PSU banks. Many have had exposures to all stressed groups and have had to take… https://t.co/XlI4fpZB92
— sandip sabharwal (@sandipsabharwal) 1579322816000He recommended going for bank FDs and long-term government bond funds, instead of debt MFs.
Investment tips
Sabharwal says the midcap space provides active stock pickers a great opportunity.
There is an obnoxious overallocation to LargeCap Stocks in Mutual Fund Portfolios. Midcap Assets used to be around… https://t.co/jrY2JAloR5
— sandip sabharwal (@sandipsabharwal) 1579096548000And here’s his back-to-basic strategy for making money in stocks
Whoever realizes that stock market returns are not linear makes money You need to buy good stocks when people are… https://t.co/d4ajqtf45I
— sandip sabharwal (@sandipsabharwal) 1579163321000Shyam Sekhar of iThought says the market always rewards diligent workers.
Markets are always kind to diligent, hard working investors in their tryst with market adversity. When markets tur… https://t.co/iTmSAm9xsN
— Shyam Sekhar (@shyamsek) 1579152873000Source: Economic Times
