Market views: These days, seeing the market reminds me of my school days. There was a question in mathematics. A monkey climbs 5 meters on an 80 meter high pole in 1 minute, but in the next minute he slides down 2 meters. How much time will it take to reach the top of the pole? However, here the case is the opposite. Here a monkey climbs 2 meters in one minute and slides 5 meters in the next minute. In such a situation, when will the monkey reach the bottom of the pole? People do not try to find the answer to this question in the stock market, because people get scared thinking about the answer. Instead of looking for the answer to this question, people are looking for the answer to when this slide will stop. That is, when will this decline in the market stop?
To find the answer to this question, you will have to keep an eye on the next 30 days. The next 30 days are going to be very decisive in the market. Q3 earnings which has started. January 20 when Donald Trump will take oath as the 47th President of America. The Finance Minister will present the budget on February 1. On 7 February, the Reserve Bank will release its monetary policy and finally on 8 February, the results of Delhi Assembly elections will come. These events will play an important role in deciding the direction of the market. Now the question arises what to do in these 30 days. Keep an eye on where. When are you going to get a chance to invest money? Today, efforts are being made to find answers to these questions.
Giving my opinion on this Industry veteran Sunil Subramaniam Said that in these events we missed a small event, the Economic Survey. Economic fundamentals are very important for the stock market. The Economic Survey will remain on our radar to keep an eye on this. In these events too, the results season will be most important for the market. Since the results of the last quarter were not good. Therefore, the market will keep an eye on what changes will happen in the earnings in this quarter. By the time the budget comes, half of the third quarter results will be out. Further guidance of the companies will be very important for the market.
Daljeet Kohli, Head of Equity, Roha Asset Managers Said that the market is going into the third quarter results with the assumption that there will be recovery in the third quarter. Now this is where there is a slight problem. Because if this recovery does not come then what? This is a big question. The third quarter may be good for IT. Pharma and healthcare are also expected to do well. Apart from this, softness may be seen in all other sectors. We may not see as much recovery as we are expecting.
There was a lot of expectation of Capex from the government also. But not much has been seen happening on this front in the last three months. Unless government capex increases, we will not see growth in infra and other companies. However, rural consumption and the commentary coming from there is good. But weakness in urban demand persists. In such a situation, there is no great expectation from the consuming companies also.
Piper Serica Founder and Fund Manager Abhay Aggarwal Says the third quarter will disappoint us again. Due to increase in inflation, increase in cost of capital and tax system not being consumer friendly, the purchasing power of the people has declined. Due to these three reasons, the spending power of the middle class and SME businessmen of the country has reduced significantly. Due to this consumption has decreased. This is a big matter of concern for the market and investors. In the short to medium term, the market will remain bullish.
Market Outlook: Stay fearless in the market, Nifty level of 27000 is possible by the end of February
SW Capital Director Pankaj Jain Said that there is no hope of stopping the selling of FIIs in the market. If the results for the third quarter are good then there may be some growth in health care, pharma, technology and auto sectors. Pankaj Jain believes that the results of the auto sector may be good in the third quarter. It may take some more time for the market to improve.
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