NEW DELHI: The liquidity-driven rally on Dalal Street led the benchmark indices higher for the third consecutive week, even as a number of market veterans kept cautioning investors that there might be a ride shock awaiting the bulls. With the June quarter earnings season kicking off next week, will it prove to be a wakeup call for investors? That’s the topic buzzing on Twitter this weekend besides how India can reduce reliance on China? Here are a few samples of the thoughts the top guns of Dalal Street shared through the week.
iThought’s co-founder Shyam Sekhar says Q1 is over and no one is excited about its outcome. And as Q2 starts on a note of fear, there is a lot of uncertainty about the future, yet stocks are rallying. But why? Liquidity, says he.
Q1 is over.Nobody is excited about its outcome.Q2 starts on a note of fear.Nobody knows how it will play out.Me… https://t.co/eUFfmi1lCU
— Shyam Sekhar (@shyamsek) 1593585575000
Independent market expert Sandip Sabharwal highlights the just 1 per cent QoQ growth in HDFC Bank’s advances for June quarter, cautioning investors that other banks should be much worse off.
Advances figure out for @HDFC_Bank for June Quarter.Only around a 1% increase from last quarter end. Overall resul… https://t.co/1we8WTui1C
— sandip sabharwal (@sandipsabharwal) 1593873367000
Sabharwal is of the view that the Indian economy might be headed for stagflation and the Pre-Covid levels of economic growth is still two years away.
The #Economy is an ecosystem largely comprisingPersonal Consumption expenditure – likely to be down 15-25%Private… https://t.co/aYWoDuJsXz
— sandip sabharwal (@sandipsabharwal) 1593697024000
India is headed for #Stagflation as #Socialism gains steamBeing optimistic is good, being realistic is better…
— sandip sabharwal (@sandipsabharwal) 1593405776000
Sabharwal says the government must stay away from the rhetorics on China front and instead create conditions so that Make in India plays out. Even then he sees little possibility of that happening before 2026.
Each and every company which sources from #China has said that replacement of sourcing base requires 3-5 years.Ne… https://t.co/dkTptJQEZZ
— sandip sabharwal (@sandipsabharwal) 1593788007000
Aveek Mitra, Founder & CEO of Avekast Advisory, shares tips on how mutual fund and PMS investors can calculate the annual performance of the funds they have invested in. His simple formula: see how much you invested and how much is the current value of your investment in percentage terms!
When evaluating or looking at annual performance of Mutual Fund or PMS or Advisory – Just see how much you invested… https://t.co/DFH1tZ5gIo
— Aveek Mitra (@aveekmitra) 1593700411000
