NEW DELHI: Indias equity benchmarks snapped their longest weekly winning streak in over a year on Friday, as Sensex and Nifty shed 0.2 per cent each. Analysts are now forecasting a turbulent ride ahead till the elections.
However, the silver lining is that the mild corrections witnessed over the past few days may have created opportunities in select pockets.
We scoured Twitter to see what Dalal Street honchos had to say on the goings-on in the market and on other market-linked events.
While independent market expert Sandip Sabharwal expects the market to correct over the next few days, Basant Maheshwari of Basant Maheshwari Wealth Advisers says the odds of the market rising from here on are quite high.
The next few days could see a moderate correction in Emerging Market Equities. India should also follow. However no big long term concerns.
— sandip sabharwal (@sandipsabharwal) 1555046519000
By the time the average Joe gets in the smart Charlie would have already been packing his bags. Odds of the market… https://t.co/dug6W3kyfP
— Basant Maheshwari (@BMTheEquityDesk) 1555127858000
Sabharwal says upside for the market will be significant only if a Narendra Modi-led NDA returns to power with a majority of over 272 seats.
I find it ridiculous when people say that a #NDA win is already built into the markets. No ways, upside will be si… https://t.co/5vKuRzNPDd
— sandip sabharwal (@sandipsabharwal) 1554783956000
Whether market turns in favour of investors or not, negative news flows or trends may not always play spoilsport and certain good stocks will continues to be outliers even in grim times.
Steering off bumpy roads?
Despite warnings of near-term slowdown in auto stocks, most of them have rallied 10-20 per cent. Sandip Sabharwal says bad news flow often mean a chance to buy good stocks.
While most "Analysts" were shouting avoid auto stocks due to "near term slowdown" most of the stocks Have rallied… https://t.co/u6griS2KVJ
— sandip sabharwal (@sandipsabharwal) 1555062637000
Against the tide
Safir Anand, value investor, in one of his tweets shared another such example of a stock that rose to highs despite negative news flows: Bajaj Finance.
Bajaj fin is back to the highs it was it when noise of "nbfc" floods and all "drowning" set in. For anyone buying… https://t.co/qOoOO4CTIM
— Safir (@safiranand) 1554976210000
TCS and Infosys came out with their March quarter earnings on Friday. Sabharwal sees great upside for TCS, but not so much for Infosys. Do you concur?
Infosys went into the results at an all time high. Reported disappointing numbers and gave poor guidance TCS went i… https://t.co/kTGyyqAHxa
— sandip sabharwal (@sandipsabharwal) 1555068491000
Analysts with Buy reports on #Infosys trying to justify their recommendation Results are bad Margins much lower Gro… https://t.co/4jOClAtO5e
— sandip sabharwal (@sandipsabharwal) 1555066346000
DEBT FUND SAHI NAHI HAII?
Shyam Sekhar, iThought, made a tongue-in-cheek comment regarding the recent fiasco surrounding debt mutual funds after Kotak Mutual Fund failed to return investors entire money in two maturing fixed maturity plans (FMPs) on account of a delay in repayment by two Essel group companies.
He called the #mutualfundssahihai the antithesis slogan of the statutory warnings on cigarette and booze packs. Read More – Source