Vinod Karki, Equity Strategist at ICICI Securities, highlights market trends with a focus on domestic cyclicals, defensives, and FPI buying behavior. He anticipates a tapering down of earnings growth from a low base, emphasizing the importance of maintaining valuations in the market. Karki points out that DIIs and FIIs being an equal footing in terms of net buying is keeping our markets relatively expensive .
Anish Tawakley of ICICI Prudential AMC, discusses the equity market outlook. He believes that for the next two to three years, domestic cyclical sectors such as automobiles, cement, capital goods, industrial goods, insurance companies, and asset managements will perform well. Tawakley emphasizes the importance of valuations and earnings growth. He states that while valuations are slightly expensive, they are reasonable for largecaps.
Mutual Fund Redemptions Increased 39% In 2023 menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Mutual fund redemptions increased 39 per cent year on year to Rs 3,323 billion, leading to a decline in net inflows to Rs 2,063 billion in calendar year CY23 from Rs 2,383 billion in CY22, Motilal Oswal Financial Services said in a .
“FIIs are reducing their exposure to India, they will sell only what they own but then a time will come when the share prices will catch up with fundamentals and in comparison to other runups in the small and midcap space, financials still make reasonable sense. We are increasing exposure in the entire BFSI space.”