«I think healthy correction has already happened at the index level and the broader market level and it will be a great time to kind of start accumulating the companies which have reported good numbers,» says Hemang Jani, Independent Market Expert.
A lot of news data points and especially a lot of midcap earnings. We were looking at Mankind Pharma, for instance, and then, of course, the new listing and Akash Bhansali now checking into this one as well, Aadhar housing that is. Just wanted to understand what is it that you are making of some of the news flow this morning?
After volatility and turbulence that we have had last two weeks, things are settling down. Numbers, by and large, have been good. Have not really seen any major disappointments. In fact, when I looked at the earnings detail, I think far more number of companies are reporting a much better margin profile versus market expectations, which is great news. Globally, also, things are settling down. In fact, US is making new highs and the CPI print surely will held the sentiment.
So, except for the fact that the market is getting ready for political event on 4th of June, I do not think there are too many risks or concerns on the horizon. I think healthy correction has already happened at the index level and the broader market level and it will be a great time to kind of start accumulating the companies which have reported good numbers.