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Gautam Duggad, Head of Research, Motilal Oswal Institutional Equities, feels the market can remain canada goose coats rangebound in the near term till earnings catch up with valuations. The brokerage continues to prefer largecaps as against midcaps and would suggest systematic and staggered buying to partake in the earnings rebound. It can definitely induce some short term volatility, given the context of foreign institutional capital flows and some implications for the currency. However, the Indian economy is far more dependent on domestic consumption than on exports. To that extent, it is relatively more resilient. Cyclical recovery in the Indian economy is gaining strength in our view.
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canadian goose jacket A: It seems too early to worry canada goose clearance sale about the contagion effect. The total exposure of the global banking system towards Turkey is about $200 billion. Spanish banks are most exposed to Turkey, but Canada Goose Jackets there is no serious exposure from any other country. The amount doesn’t seem high enough to create jitters at a global level. If the situation get serious from here on, we hope the European Central Bank (ECB) will do what’s necessary to contain the contagion from spreading. canadian goose jacket
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Q: Which stocks according to you should investors reconsider investing in or if they have in their portfolio then exit or book profits?
A: Idea Cellular, Bharat Heavy Electricals and Tata Power.
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buy canada goose jacket cheap A) The market is interestingly poised and hitting fresh highs despite global volatility as well as local currency depreciation. Clearly, the earnings cycle seems to be turning around. While valuations are not canada goose black friday sale offering any room for error, it alone can’t pull down the market given the context of an earnings turnaround. buy canada goose canada goose outlet jacket cheap
cheap canada goose uk It can remain rangebound in the near term till earnings catch up with valuations. We continue to prefer largecaps versus midcaps and would suggest systematic and staggered buying to partake in the earnings rebound. cheap canada goose uk
Q: Is there scope for correction amid global volatility as well as the heavy election season?A: Yes. Volatility will be elevated in our view. Given the rich valuations that the market is trading at, the scope for correction always exists.
canada goose factory sale Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol are his own, and not that of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions canada goose factory sale.