The rising cases of Corona showed an impact on market sentiment and the market closed in the red mark last week. However, this loss to the market was limited due to good global cues and signs of the RBI maintaining a soft monetary policy. The results for the March quarter will start coming in from next week and despite the increasing cases of Corona, the market will keep an eye on the performance of the companies.
Giants opinion on the market’s forward movement
Marcellus Investment Managers K Rakshit Ranjan while talking to CNBC TV18 said that the vaccination program in the country is going well. Given this, it does not appear that there will be any major decline in the business of companies. We are not thinking too much about the earnings of companies. Even if there is any vicissitudes on the earnings front in the market then it will prove to be a hidden boon for big and strong companies. Our focus is not on the second wave of Corona but rests on the prospects for the next 2-3 years.
Sometimes a crisis proves to be a blessing in disguise for the future. The already fundamentally weak retailers may be out of the race due to the Corona crisis and stronger and better companies can grow stronger and grow with increased market share. Among these, vigorous growth can be seen in the next 3-4 years. Keeping this in mind, we are recommending buying at Titan.
Gautam Shah of Goldilocks Premium Research, CNBC TV18 Talking to said that the Nifty seems to be tied in a radius. To break this range, the Nifty will have to cross the 14,880 level. If this happens then the level of 15,500 can be seen further in the Nifty. For the past 7-8 trading sessions, Covid-19 versus companies results in the stock market, liquidity and the issue of the global market seems to be dominating.
Now for the next few months, IT and pharma shares will remain in flavor. Apart from this, auto shares will also remain in the list. Some select stocks in this sector may show up to 5–12 per cent growth in the near term.
Harsha Upadhyay of Kotak Mutual Fund on CNBC-TV18 Talking to said that the market is currently confused about the second wave of Covid and its impact on the economy. He further said that the fourth quarter results are expected to be good. In the next few months, we will see more momentum in the economy. Apart from this, with the increase in vaccination, there will be an increase in the market in the medium term.
Rohit Srivastava of indiacharts.com CNBC -TV18 Talking to said that there is strength in metal stocks but next week we may get some correction in it. But in the same period, we can get fresh Momentum in health care and public sector banks.
Anand Shah of ICICI PRU AMC CNBC-TV18 Talking to said that there will be a very fast recovery in the Indian economy and the second wave of Corona will not see much effect. One has to understand the difference between the first and second wave of the corona. In the last wave, we had a lot of information about the corona. This time we are quite well prepared. The last time the Corona wave was all over India. This time it is seen in some pockets. Therefore, extensive lockdown is not expected this time. The second wave of the corona will not have as much impact on the economy as it did on the first wave.
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