Akash Prakash, CEO, Amansa Capital says that Nifty has stuck in a congestion zone for some time.
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Lately government bond yields in the advanced economies have fallen rapidly and reflect the structural problems of these economies, says Nandan Chakraborty of Enam.
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Anaemic equity volumes suggest conviction levels remain low. Although macro data has not necessarily disappointed, earnings guidance has been mixed, says Sean Darby of Nomura.
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Rajan Malik of Anand Rathi Financial Services said there would be opportunities in the market going forward and all stocks that continue to perform fundamentally will be rewarded pricewise. "We continue to be bullish on the capital goods sector."
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The past week has seen continuing strength in the US, UK and German bond markets, says Chris Wood of CLSA.
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Raamdeo Agrawal, director and cofounder, Motilal Oswal said the FIIs believe in the India story rather than China. He continues to bet on the banking sector.
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Abhijeet Chakraborty of Fortune Finance feels it is time for markets to take a pause and advices investors to buy out of money put call at 5,400 levels. He sees the Nifty trading in 5,4005,600 range in the immediate term. However, he also beleives that the cement, capital goods and infrastructure spaces can take the markets up.
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Looking at the rally in the cement sector, Anand Tandon, Director of Equities at Brics Securities says he is positive on smaller companies in the segment and advises investors to buy bigger only for the long term. In an exclusive interview with CNBCTV18 he cites explanations for the same.
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The industry is witnessing 7580% load factor with high yield, explained Nikhil Vora, Managing Director, IDFC Securities. The stability in the sector he said was seen along with continued passenger growth in the coming months. "The space is also seeing business class travel picking up," he added.
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FII inflows have been clipping in well since the past few days. Also, in July the total global hedge fund sector attracted about $10bn. Speaking about the local scenario Farhan Mumtaz of Eurekahedge Group said there was a heightened interest in hedge funds. "They are outperforming the underlying markets."
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Investor interest seems to be coming back into the realty space. In an exclusive interview with CNBCTV18, Aashiesh Agarwaal, VPResearch, Edelweiss Securities and Param Desai, Research Analyst, Angel Broking, give their top picks.
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Despite lacklustre movement of the indices globally, India has been holding up, and this trend, according to Alok Sama, President and Founder of Baer Capital is expected to continue given good liquidity. In fact he sees a possibility of the Sensex rallying to 21,000 by the end of this year.
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USD 2.5 billion of foreign money flowed into India in the MarchJune quarter, while domestic MF flows were negative, says Aditya Narain of Citigroup.
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In an interview with CNBCTV18, Aashish Tater of Fort Share Broking spoke about his midcap ideas and appears bullish on Shree Ram Mills.
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Commenting on the issue, Priyamvada Balaji Director, Fitch Ratings said the downgrade was on the back of Vedantas Cairn acquisition. "The concern is over Vedantas inexperience in the oil and gas space," he added.
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