“We believe that the smart money has started moving towards growth defensive like Healthcare, FMCG and IT,” says Aditya Khemka, Fund Manager – InCred Asset Management. In an interview with ETMarkets, Khemka said: “These sectors tend to offer lower but secular growth when compared to certain cyclical industries like auto and industrials which offer high … Read more
“We have been adding consumption driven names and have been cutting beta by adding exposure to defensives such as Pharma, consumption and to some extent IT names,” says Jitendra Gohil, Chief Investment Strategist, Kotak Alternate Asset Managers Limited. In an interview with ETMarkets, Gohil said: “We are cutting exposure in infra-related capital goods companies and … Read more
Driven by domestic inflows and renewed optimism about a potential Fed rate cut in the September meeting, the market has demonstrated a broad-based recovery and reached new highs. Benchmark indices Nifty and Sensex maintained their momentum, closing at record highs on Friday. This marked Nifty’s best week in two months, extending its winning streak to … Read more
Just before 1:00 am local time on Friday, a system administrator for a West Coast company that handles funeral and mortuary services woke up suddenly and noticed his computer screen was aglow. When he checked his company phone, it was exploding with messages about what his colleagues were calling a network issue. Their entire infrastructure … Read more
Banks, airports, TV stations, hotels, and countless other businesses are all facing widespread IT outages, leaving flights grounded and causing widespread disruption, after Windows machines have displayed errors worldwide. In the early hours of Friday, companies in Australia running Microsoft’s Windows operating system started reporting devices showing Blue Screens of Death (BSODs). Shortly after, reports … Read more
As the June quarter earnings season began this week, FII inflow into Dalal Street has crossed the Rs 15,000 crore mark in June with analysts predicting that better than expected results of IT majors can attract more inflow. “FII flows will continue to be erratic, influenced by global factors. Better-than-expected results from IT majors who … Read more
“We have been reasonably positive on pharma. We have been reasonably positive on IT. So, within all these things you got to find niche which can grow faster than the rest of the pack and that is the real challenge,” says Vikas Khemani, Founder, Carnelian Asset Management. What all files and ideas are there on … Read more
Foreign portfolio investors have been heavily selling Indian shares in the run-up to the general elections. But what’s notable is FPIs have been paring their holdings of defensive stocks instead of those with more growth potential. This shows they remain bullish on the sustained earnings potential of growth stocks in industries like discretionary spending and … Read more
A confident NDA could propel the Nifty towards 26,300 and beyond in the medium to long term, says Rupak De, Senior Technical Analyst at LKP Securities. Edited excerpts from a chat in which the analysts also shares two stock ideas for the week. In the post-election result week, do you see some signs of more … Read more
“The excesses were created on Monday because of the exit poll getting it all wrong and people leveraging in PSUs and so on of defence. I always held the view that defence and railways were overpriced to 2027 level and PSU selective are very-very frothy,” says Sanjiv Bhasin, Director, IIFL Securities.Real slam dunk for the … Read more
