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Business News›Markets›Stocks›Podcast›Market Watch: Where should equity investors hunt for value now?
Tune in now for Markets news, views & cues
Market Watch (ETMarkets.com)
Where should equity investors hunt for value now?
08:25 Min | December 08, 2020, 7:20 PM IST
Tune in as we discuss what's behind the market rally, where to find value, and more!
Transcript
Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Nikhil Agarwal and here are the top headlines at this hour.
India will spend money, not worry about widening fiscal deficit: Nirmala Sitharaman
Investors withdrew Rs 13K crore from equity mutual funds in November
Fitch revises India's FY21 GDP contraction forecast from 10.5% to 9.4%
Tata, Mistry spar over a $13 billion valuation difference
Ambani hints at 5G rollout in second half of 2021
Let us take a quick glance at what happened on the Dalal Street today:
Three stocks -- Reliance Industries, TCS and Infosys -- contributed to most of the gains in benchmark equity indices which ended at fresh closing highs. Sensex added 182 points to close at 45,609 points, while Nifty rose 37 points to 13,393 points.
RIL, which contributed the most to Sensex’s gains, rallied 1.8 per cent, while IT majors Tata Consultancy Services and Infosys followed next. Nifty PSU Bank became the top sectoral gainer with a 7% surge.
While sustained foreign fund inflows may continue to drive frontline indices higher, it has also increased the appetite for value. Which sectors and stocks in the market offer promise at current levels? To discuss this and more, we caught up with Vinod Nair, Head of Research at Geojit Financial Services.
Welcome to the show, Mr Nair.
1) There seems to be no stopping the market! What’s in store for Sensex and Nifty over the next one month?
2) While foreign funds are pouring in money, equity mutual funds continue to face outflows. When do you think mutual fund investors will be back to equity funds?
3) Where can investors hunt for value at these levels?
On the technical front, Nifty posted a positive daily close for the sixth consecutive session, but struggled between the bulls and bears at the daily upper Bollinger Band and ultimately formed a Doji pattern on the daily chart. Analysts believe there is a likelihood of a brief pause before the index resumes its uptrend.
We spoke to Mazhar Mohammad, Chief Strategist at Chartviewindia.in, to decode the charts for you.
Welcome to the show, Mr. Mohammad.
1) What does the Nifty chart tell you at this point of time?
2) Which stocks do you think are poised to deliver decent gains by the end of 2020?
3) What are your thoughts on the defensive pack, IT and pharma, given that it has delivered stellar gains this year?
Elsewhere in Asia and Europe, the stock markets were lackluster due to pandemic-related concerns and as hopes of a Brexit trade deal faded.
That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye!
India will spend money, not worry about widening fiscal deficit: Nirmala Sitharaman
Investors withdrew Rs 13K crore from equity mutual funds in November
Fitch revises India's FY21 GDP contraction forecast from 10.5% to 9.4%
Tata, Mistry spar over a $13 billion valuation difference
Ambani hints at 5G rollout in second half of 2021
Let us take a quick glance at what happened on the Dalal Street today:
Three stocks -- Reliance Industries, TCS and Infosys -- contributed to most of the gains in benchmark equity indices which ended at fresh closing highs. Sensex added 182 points to close at 45,609 points, while Nifty rose 37 points to 13,393 points.
RIL, which contributed the most to Sensex’s gains, rallied 1.8 per cent, while IT majors Tata Consultancy Services and Infosys followed next. Nifty PSU Bank became the top sectoral gainer with a 7% surge.
While sustained foreign fund inflows may continue to drive frontline indices higher, it has also increased the appetite for value. Which sectors and stocks in the market offer promise at current levels? To discuss this and more, we caught up with Vinod Nair, Head of Research at Geojit Financial Services.
Welcome to the show, Mr Nair.
1) There seems to be no stopping the market! What’s in store for Sensex and Nifty over the next one month?
2) While foreign funds are pouring in money, equity mutual funds continue to face outflows. When do you think mutual fund investors will be back to equity funds?
3) Where can investors hunt for value at these levels?
On the technical front, Nifty posted a positive daily close for the sixth consecutive session, but struggled between the bulls and bears at the daily upper Bollinger Band and ultimately formed a Doji pattern on the daily chart. Analysts believe there is a likelihood of a brief pause before the index resumes its uptrend.
We spoke to Mazhar Mohammad, Chief Strategist at Chartviewindia.in, to decode the charts for you.
Welcome to the show, Mr. Mohammad.
1) What does the Nifty chart tell you at this point of time?
2) Which stocks do you think are poised to deliver decent gains by the end of 2020?
3) What are your thoughts on the defensive pack, IT and pharma, given that it has delivered stellar gains this year?
Elsewhere in Asia and Europe, the stock markets were lackluster due to pandemic-related concerns and as hopes of a Brexit trade deal faded.
That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye!
