Surabhi Upadhyay – cnbctv 18

November 3, 2020November 3, 2020

Expect Bank Nifty to correct by 5,000 points to about 20,500: Sushil Kedia of Kedianomics

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Sushil Kedia, founder of Kedianomics, believes that Nifty bank is extremely overbought and expects it to correct by 5,000 points to around 20,500.

On Nifty, Kedia says if Nifty doesn’t get past 11,900, it could retest the levels of 11,300.

Watch the video for more.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

September 11, 2020

Market experts discuss road ahead for Indian equities

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The domestic equity market has witnessed extreme volatility since the coronavirus outbreak during into a full-blown pandemic. From record lows to highs, the market now seems to be firming up economic activity is picking up across the country.

To discuss the outlook on market, specific stocks and sectors, CNBC-TV18 spoke to Co-Founderof Marcellus Investment Managers Pramod Gubbi and Rohit Srivastava of Indiacharts.com.

Watch the video to find out what they had to say.

September 4, 2020

Market experts discuss the road ahead for Indian equities

In an interview to CNBC-TV18, S Krishna Kumar CIO – Equity of Sundaram MF and Rohit Srivastava of Indiacharts.com shared their reading and outlook on markets, specific stocks and sectors.

July 29, 2020

CNBC-TV18 Investment Guide: Market veteran Madhu Kela explains how to build long-term portfolio in equity market

The last 3 to 4 months have brought about an unprecedented change in the manner in which people live, the way they work, the way they meet each other due to COVID-19 pandemic. It has also thrown up some very interesting trends.

CNBC-TV18’s Anuj Singhal and Surabhi Upadhyay spoke to market veteran Madhu Kela to discuss about investing in the stock markets.

As the digital world has become a new reality, and people are learning to do things differently. It seems people are thinking differently about their money and about their investing.

There has been a lot of retail money which has come into the markets and perhaps this is the money which is actually looking at long term wealth creation.

June 19, 2020

How Indian equity markets are going to perform? Here’re expert views

Amid COVID-19 crisis, how Indian stock markets are going to perform in the coming weeks? In an interview to CNBC-TV18, Pramod Gubbi, co-founder of Marcellus Investment Managers and Rohit Srivastava of Indiacharts.com shared their reading and outlook on markets, specific stocks and sectors.

February 7, 2020February 7, 2020

Budget 2020: Experts decode impact on your personal finances

Budget 2020 has resulted in slight confusion over some important announcements. Whether it is the manner in which now the mutual funds are going to be taxed or is it wise to shift to the new income tax regime that is on offer. To discuss this Surabhi Upadhyay spoke to Archit Gupta Founder & CEO of ClearTax and Rajiv Bajaj Chairman & MD of Bajaj Capital.

On new versus the old personal income tax regime, Gupta said, “If you are above Rs 15 lakh there may not be much in the new regime for you to even look at. Between Rs 5 lakh to Rs 7.5 lakh of annual income you have to really evaluate between the two options. There are very confusing and micro scenarios in which one regime is better than the other one. If you have Rs 2.5 lakh as deductions and savings then that is a no brainer, you should absolutely take the old regime. Slightly above Rs 5 to Rs 7 lakh, it makes sense to be in the new regime otherwise it is toss up till about Rs 10-11 lakh. Even if you have deductions as much like Rs 1.50 lakh, it gets interesting to evaluate the old regime.”

On mutual funds dividends being taxed in the hands of the recipient, Bajaj said, “This has come as a bit of surprise and I would not be surprised if this proposal is reviewed by the government because there are going to be a lot of representations from industry associations, we are going to do that. Essentially the intent as we know for the longest time investment in equity mutual funds has been tax-free and it is only in the last couple of years capital gains have been introduced on that. People are now used to that regime of paying around 10 percent tax on equity mutual fund investments. So if you make dividends taxable at the marginal rate and if you are in the 30 percent slab, then that is too hard a slab for an investor. It is almost illogical, it is hard to understand why it has been done. I am sure this will be relooked at but in the meantime, my advice to investors would be to look at the growth option and avail the capital gains regime because that is the simplest way to go around this if this were to remain.”

January 9, 2020January 9, 2020

HSBC Global Asset Management remains positive on infrastructure players

Liquidity support to the market will continue in the near future through ETF and SIP flows in the domestic institutions, says Neelotpal Sahai, Head of Equities and Fund Manager at HSBC Global Asset Management.

Speaking to CNBC-TV18, Sahai noted that volatility is part of the equity markets. “However, if we look at the reasons for the rally, we can say that for the longer term it is the corporate earnings and macro which is important but from medium to short term it is actually the liquidity. On the liquidity front, both FII flows as well as domestic flows have been pretty strong. In fact, 2019 was the second-best year in the last decade if you look at a combined inflow of over $20 billion,” he pointed out.

In the infrastructure sector, he said the revival would come through the government capex. “When we think about the infrastructure capex, last year being the election year, there was a slowdown in the government capex. This year is likely to be better from the government capex and the ordering perspective,” he added.

January 1, 2020

Time to look at global markets for investment, says Ajay Srivastava

In an interview to CNBC-TV18, Ajay Srivastava, CEO of Dimensions Corporate Financial Services, shared his reading and outlook on markets, specific stocks and sectors.

Speaking about his 2020 outlook, Srivastava said, “We consciously need to remove our focus from Indian markets and move to global markets. The US has done well and should be considerably better than last year, that is one.”

Srivastava also feels that it might be time to go a little more defensive on the domestic front.

“Look for companies with monopolies, look for the larger sized companies. Even in the midcap space look for companies which have got a size of Rs 2000 crore and above. Theme-wise nothing changes, very boring but allocation-wise we are now moving towards a stage where we would think that we need to do a lot more allocations to global markets than the Indian market,” he said.

On the forthcoming budget, he said, “Personal income tax cut has to come because you can’t get on a backdrop of such a large corporate tax cut and not give something to the common market. Given the political compulsion, something has to follow through. You need to focus on what is happening at the ground level. If you look at the 4-5 pillars of the Indian economy – MSMEs, gems and jewellery sector, the handicraft sector, the garment sector, the leather industry, those are all struggling for traction for various reasons.”

December 31, 2019

Money Money Money: 2019 has been a volatile year for fixed income and equities

This is our final personal finance episode for the year 2019. what a year it has been so many learnings, rollercoasters in the market whether you are looking at equity or fixed income, change in regulations, and more choice for investors, more learnings and learnings are never a bad thing.

To look at everything that has happened last year 12 months and more importantly to look forward to what 2020 might have installed for your wealth, my wealth and all our well-being Surabhi Upadhyay is joined by NS Venkatesh, Chief Executive of AMFI and Nimish Shah of BNP Paribas Wealth Management.

Talking about throwback 2019 NS Venkatesh said, “It has been a tumultuous year, in the sense that lots of regulatory changes have happened. In the mutual fund industry, most of the regulatory changes have happened on the risk management side because of a few defaults which we saw in some of the debt mutual funds. In addition to that, these are all regulatory changes for protecting the investor’s interest.”

Nimish Shah said, “It has been quite a volatile year both in terms of fixed income and equity. The overall financialisation which has happened in the industry apart from that the transparency which has come in the implementation of GST, all that has actually impacted and we are seeing the economy is faced with slow growth prospects not only for 2019 but probably going into 2020 also.”

Speaking about MF equity flows have cooled off Venkatesh said, “This phenomenon is not peculiar to this year, whenever the markets are high you will see the investors taking the profits off the table by redeeming the investments in the equity space in the mutual fund industry so this is nothing new.”

While talking about the outlook for equity funds in 2020 Nimish Shah said, “What remains fundamental is in terms of the search for quality and quality always comes at a price both in large-cap and midcaps. The carnage that we have seen in the midcaps and especially small-caps in September 2018 actually gives a lot of space for valuation – buying good value buy as well as midcaps and smallcaps are concerned.”

He further added, “We would kind of right now recommend more of multi-cap funds for 2020 and focus on also a lot of opportunities available on the midcap and smallcap.”

December 27, 2019December 27, 2019

Abhimanyu Sofat of IIFL remains positive on bank stocks, says BPCL divestment is crucial

While the country is facing economic challenges like rising crude prices and issues regarding bond yields, the banking space looks attractive, says Abhimanyu Sofat, Head of Research at IIFL Securities.

Speaking to CNBC-TV18, Sofat shared his reading and outlook on markets, specific stocks and sectors.

“We are clearly seeing a lot of money coming into the market from passive funds, and that is leading to this rally in the market despite the kind of economic challenges that we are facing as a country – with crude going up to $68 per barrel or the issue with the bond yield which the RBI is trying to correct with its Operation Twist. From our perspective, in the banking space whether it is Axis Bank or ICICI Bank, these two banks will be on the top of our list. The third would be HDFC Bank and then State Bank of India. We feel that because of the change in the economic scenario, we are going to see significant recoveries going forward,” he said.

On BPCL he said, “From the asset value perspective, the stock continues to look quite good to us. Probably strategic sale may not happen till March-end. If it doesn’t happen then fiscal of the government will go for a toss. We are already staring at more than 10 percent fiscal deficit number if you include the states as well as the public sector undertaking. So, the divestment of BPCL is very critical. The refinery margins are improving a bit over the last couple of months, so from that perspective and overall demand scenario perspective, we do feel that the risk-reward at the current level for BPCL is not that bad.”

According to Sofat, Bharti Airtel is relatively stronger than Vodafone. “If you look at Reliance Jio, it also has been increasing pricing, I think Bharti is expected to do pretty well going forward. We do believe there is a significant scope of deleveraging of the balance sheet on the part of Bharti. With regards to AGR issue, I think discussions with the government will continue. Till the final payment is made you will keep on having a lot of news. Structurally I think telecom prices are going to go up,” he added.

Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.