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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
financialpost.com / 1 year ago
Varun Goel on 3 themes one can invest in this market
Varun Goel, Senior Fund Manager, Mirae Asset Investment Managers, says the lending space definitely looks attractive, both banks and NBFCs. Secondly, export-oriented sectors, be it IT and pharma, should do well. There has been a significant depreciation in the rupee, which will definitely boost the margins of a lot of these exporting companies. Low-ticket discretionary items in India should also show a good bounce back as the benefit of tax cuts start showing the impact. So, there are a lot of sectors which should see good earnings growth coming back in FY26 and they are selectively participating in those spaces.
How are you assessing the market construct right now with so many moving parts at play? The US equity market correction has just begun. We are seeing a reversal in the dollar as well, which typically has never been the case because in a risk of a scenario, you actually see the dollar hold up. But that is not really the case right now and of course, emerging markets are a bit of a divided construct as well, if you will.
Varun Goel: As far as Indian markets are concerned, a cyclical slowdown has been playing out for the last six to nine months and it appears that growth is incrementally going to get better.
Of the three large reasons, one, of course, is the significant monetary tightening that we saw in the last 12 to 18 months has ended. We have seen a rate cut already and our sense is there might be one or two more rate cuts during the course of this year and significant restrictions which were imposed by RBI have also been eased off.
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21.05 / 10:17
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
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21.05 / 10:17
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21.05 / 10:17
markets
Digital
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RK Swamy bets on integrated advertising model as global agency giants split media and creative
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21.05 / 09:47
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PI Industries’ weak core business keeps investors on edge
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UPS
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