Featured focus of market:-
This has been a very rough week. The US market earnings are very strong, unemployment is at a 40-year low and wage growth is picking up. Against this backdrop, what has happened with the stocks which have fallen most are the Amazons, Facebooks of the world which have gone up the most, have fallen the most. Also, there was an unwinding of the volatility trades. Now against this backdrop you also had LTCG in India and India on the other hand now has an LTCG to content with an earnings recovery on the way which will kind of limit the downside. Against this backdrop, and a hardening of yields, we are bound to see volatility in the markets for few sessions to come. From an Indian perspective, we see better earnings coming out in the ongoing quarter and management guiding to an improved outlook for subsequent quarters.
 |
| Capitalstars research limited |
Nearly 65% of the companies in the index have actually beaten their earnings estimates which is a very welcome sign after a long time. We are seeing the growth coming from export driven sectors. IT has bottomed out. Infra of course is a major push area for the government in itself and we are going to see strong numbers from EPC companies as well as companies like L&T, Nagarjuna Constructions of the kind. Within the export space, other than the obvious pharma and IT, specialty chemical companies like Meghmani Organics BSE 3.62 %, Aarti IndustriesBSE 0.10 % are likely to report very strong earnings numbers in the ongoing quarter as well as the next quarter on the back of strong export growth.
For more update you can contact us :
Get free trial Click here: http://www.capitalstars.com/free-trial
www.capitalstars.com |T:+91-9977499927
No comments:
Post a Comment