Skip to main content

INDIA ON BULLRUN

India is in a structural long-term bull market and there is a case for an asset allocation shift to equities in the coming months, says a report.
According to Sanctum Wealth Management Investment Outlook Report for 2017, aimed at identifying key investment themes that will shape investors' portfolio performance in the coming year, equities are the most attractive asset class for investments with a horizon for three plus years.
"Earnings reports in the recent quarter have been surprisingly good and we expect earnings of Nifty companies to grow over 17 per cent for the whole of 2017-18," said the report.
Despite a "painful" October-December 2016, a whole host of stocks delivered stellar returns in 2016, while the Index delivered a sub-par 3.0 per cent return.
"With lower bond yields, fixed deposit rates, falling real estate and gold prices, equities are the most attractive asset class for investments with a horizon for three plus years," the report added.
Sanctum further said the wealth creation that lies ahead will "dwarf" the wealth creation we have witnessed in the past decade.
Post demonetisation, Sanctum said it favours large caps as quality names were sold off. "The growth cycle continues and for long-term investors looking to maximise returns, midcaps should remain a core exposure," it said.
Sector wise, it is positive on private sector banks, select NBFCs due to a good growth outlook.
"We are positive on autos, select utilities, and power, and long term positive on pharma, but cautious in the shorter term around an unfriendly global export environment, positive on speciality chemicals and materials," it added.
Some of the key investment themes in domestic and global markets and the investment outlook for the year 2017 include, crude oil, rising geo-political risks, demonetisation and GST among others.

Comments

Popular posts from this blog

DHIRUBHAI ENJOYED IN WEALTH CREATION

Leading businessman Anil Ambani today said more than creating wealth for himself, his father late Dhirubhai Ambani derived greater happiness from creating wealth for masses. "If you ever asked what part of being an entrepreneur he (late Ambani) enjoyed the most, he would say, 'I enjoy creating wealth. But what I enjoy even more is in creating wealth for the people of the country,'" the Anil Ambani Group chairman said while addressing an industry event here. It can be noted that the late Ambani, who had a humble beginning as a primary school teacher's son in Gujarat, is regarded as the father of capital markets and the equity cult, who made millions of investors millionaires with the IPO of Reliance Textile Industries in 1977. A person who had put in Rs 1,000 then in the IPO is worth over a million today, going by the price of RIL. Stating that the launch of Kothari Pioneer Mutual Fund, which was country's first private MF in 1993, was his (Dhirubhai's) id…

BEAR GRIP ON INDIAN STOCK MARKET

RECORDS 1 WEEKLY FALL IN 6 WEEKS
Gripped by fear psychosis due to geo-political aftershocks, key stock market indices were on a sticky wicket for the fifth day today as both Sensex and Nifty fell over 1 per cent to hit their one-month lows. The sharp plunge left investors poorer by over Rs 95,000 crore as the market cap stood at Rs 1,27,08,846 crore. Risk appetite took a hit after the Economic Survey said achieving the high end of the 6.75-7.5 per cent growth projected previously will be difficult. This is markets' first weekly fall in six.
Weakness in the rupee against the American currency and lacklustre global shares dragged down the indices, too. The BSE 30-share Sensex remained in the negative zone and settled down 317.74 points, or 1.01 per cent, at 31,213.59, its weakest closing since July 4. The index had tumbled 794.08 points in the last four sessions. The NSE Nifty after cracking the 9,700-mark to hit a low of 9,685.55, finally settled lower 109.45 points, or 1.11 per cent…

ASTRO TECHNICAL GUIDE FOR NIFTY

 for 11, April 2017
Opening Session  Subdued
Tithi ::Chaitra Bahula  Padyami
Nakshatra:Chitta
Persons born in Pushyami, Anuradha and Uttarabhadra constellations and those born in Libra and Aquarius are advised to be alert in their dealings.
Sensitive / Trend change Timings : 10.05 AM; 11.40 AM; 2.30 PM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open  Subdued  and remain so  till about 11.20AM and could remain  better from  about 11.30 AM till about 1.30 pm and could remain subdued thereafter till  about end of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below  ATP/ Open level by about 9.30 AM , Short   Positions can be taken with suitable   SL, and such positions can be closed by about 11.30 AM. If Nifty Fut trades above  ATP by about 11.45 AM, Long Positions can be taken with suitable SL,and such positions can be closed by about 1.30 PM / 1.45 PM.
Technical Levels... Resistance : 9220, 9255 Sup…