Monday, 9 January 2017

Expect govt to cut taxes; wary of real estate sector

It is better to wait for results from the demonetization move. Domestic institutional investors buying. Whenever markets have corrected below 8050, there is lumpsum investment. This is cash we are receiving on a daily basis and deploying into the markets. He is cautious on real estate sector as it has been witnessing a slowdown. Gold and jewellery is also one sector which is seeing a downturn. He expects magic from the Budget. 

He would like the government to cut tax rates, spend more infrastructure and honour its fiscal deficit commitment. He would like the policies to be more pro-reform than populist as it would determine the PE of the broader market. He is not negative on FY18 earnings.

No comments:

Post a Comment