Investor Thoughts- Markets

2008 to be down year for mkts: Morgan Stanley

Markets by Moneycontrol

Ridham Desai MD and CoHead of Morgan Stanley, believes the credit market conditions in the US are still very bad. He expressed his surprise at the recent resilience of US markets. But he expects US growth to rebound by Q3CY08. There might not be a big cut in lending rates. And 2008 will be a down year for markets, he said.

 

Mkts still seeing excessive valuations: Ramesh Damani

Markets by Moneycontrol

According to BSE and NSE member, Ramesh Damani, the increase in the Short term Capital Gain tax would not detrimental; it will impact arbitraguers, he feels. Divestment and listing of nonlisted PSUs is highly positive news, he said. The markets are still suffering from excessive valuations, he feels.

 

Mkts may consolidate for next 6 weeks: Kotak Mah Cap

Markets by Moneycontrol

Shanti Ekambaram, Director of Kotak Mahindra Capital has a view that the markets are likely to be in consolidation mode for the 6 weeks and there is a lot of private equity interest in India. Speaking to CNBCTV18, she said that Fed is likely to cut rates by 50 bps on March 18 as funds are starting to face redemeption pressures.

 

Lack of clarity on loan waiver for farmers: India Infoline

Markets by Moneycontrol

Nirmal Jain, Chairman MD, India Infoline said there is lack of clarity on the farmer loan waiver. He added that the way the government will compensate the banks is not yet known but that it will be beneficial for the banks. According to Jain, the market would have decoupled if the FM wouldn't have taken bold moves like cutting corporate tax.

 

Mkts to focus on global worries now: Demeter Advisors

Markets by Moneycontrol

Ashwini Agarwal, Demeter Advisors feels that since the Budget is past, the markets will focus more on the worries that are plaguing the rest of the world inflation, slowing growth and reducing risk appetite.

 

Will March deliver flat or 14% returns?

Markets by Moneycontrol

Traditionally, the markets have been very volatile in March. The average return is marginal. So, how are markets are poised this March? Investors are playing between 6% to 14% in March, said CNBCTV18 Analyst Haresh Soneji.