Share market: Gautam Trivedi, co-founder and managing partner of Nepean Capital, says that the market has had a bad start in 2025. There may not be as much pressure as FII selling in 2024, but this year too, FIIs are not expected to return to India for the first 2 or 3 months. Speaking to CNBC-Awaaz, he said that from the perspective of FIIs, the market valuation is still expensive and FIIs have got higher returns in the US market. In such a situation, FIIs are not expected to turn towards India soon. There is no hope of big money coming in until the rupee becomes stable.
He further said that MF money will continue to come into the market in the domestic market. But retail and HNI flows depend on the market mood. There has not been a large-scale increase in private sector capex in the country. The economy is growing only because of the capex done by the government. After the results of the third quarter, there may be a correction in capital goods as well as in all other sectors. Till now the economy is getting strength only from government capex. Loan growth will increase only with the increase in private capex.
Gautam Trivedi says that the valuation of the market had become very expensive. In such a situation, this correction is healthy for the market. There are some sectors and shares where valuations are touching the sky. There must be correction there. Investment will come again after good correction in the market.
Experts views: Market direction is not clear, Nifty may slip to 23000-22950 if 23130 level is broken.
He further said that competition has increased in the paint sector. In such a situation, until there is growth in the economy, there will be pressure in this sector. There itself, hdfc bank Talking about this, Gautam said that unless there is an increase in private capex, there will be no increase in tax loan growth. For banking stocks to move forward, it is necessary to accelerate private capex.
Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Moneycontrol advises users to always seek the advice of a certified expert before taking any investment decision.