Latest news with #NikitaVashisht
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Business Standard
08-07-2025
- Business
- Business Standard
Why are short-term bonds in demand? Bondbazaar's Darak breaks it down
Bond market investors are looking beyond short-term geopolitical noise, anchored by strong domestic fundamentals, surplus liquidity, rate cuts and a dovish RBI Nikita Vashisht New Delhi Listen to This Article Bond yields on the 10-year Government securities have declined gradually so far in calendar year 2025. Despite inflation-related uncertainty due to the US President's tariff policies, SURESH DARAK, founder, Bondbazaar, tells Nikita Vashisht in an email interview that debt market investors remain constructively positive on bond market outlook. Edited excerpts: How do you assess H1-2025 for bond markets and what does H2 look like? Corporate Bonds and Sovereign Bonds witnessed a decline in yields in the first half of calendar year 2025 (H1-CY25). While 10-year Gsec declined 42 basis points in H1, the Corporate Bonds declined by ~70 bps -
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Business Standard
04-07-2025
- Business
- Business Standard
Risk of sharp market correction is low: Rajkumar Singhal, Quest Investment
Stock market outlook: A new high in markets before the end of 2025 looks well within reach, provided earnings deliver and global stability holds, says Rajkumar Singhal, CEO, Quest Investment Advisors premium Nikita Vashisht New Delhi Listen to This Article Indian stock markets have staged a remarkable rebound from March lows, rising nearly 15 per cent during the period. With D-Street eyeing a India-US trade deal, and corporate earnings for the June quarter, RAJKUMAR SINGHAL, CEO, Quest Investment Advisors, tells Nikita Vashisht in an email interview that an all-time high for the markets is well within reach in 2025. Edited excerpts: What is the bext big trigger for the markets? Will we see fresh record highs before the end of 2025?
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Business Standard
19-06-2025
- Business
- Business Standard
Markets remain hypersensitive to exogenous shocks: Ashwin Patni
Stock market outlook: Several risks remain underappreciated or insufficiently priced, including high valuations and earnings downgrade risk in Indian equities, cautions Ashwin Patni of Julius Baer premium Nikita Vashisht New Delhi Listen to This Article Fresh tensions between Israel and Iran have reinforced, once again, that geopolitical shocks have become more frequent and unpredictable for stock markets. In an email interview with Nikita Vashisht, ASHWIN PATNI, head of wealth management solutions at Julius Baer says that India remains one of the best-positioned emerging markets (EM) – both from a structural and macroeconomic perspective. Edited excerpts: Which is a bigger risk for market stability - Trump's tariffs or geopolitical instability? The second half of 2025 (H2-2025) will likely see a delicate balance between monetary easing, geopolitical developments, and evolving global trade dynamics. While
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Business Standard
18-06-2025
- Business
- Business Standard
Outlook: Where to invest in an ageing bull market? Nuvama Equities decodes
Stock market outlook: As the pent-up demand-led stock market rally faces downside risks, analysts at Nuvama Institutional Equities share their investment guide for an ageing bull market Nikita Vashisht New Delhi Listen to This Article Stock market outlook: The bull run in India's stock market, which began after the Covid-19 -induced market crash, is ageing. In fact, rising headwinds, including high valuations and plateauing profit growth, are leaving little room for upside for Indian equities. According to analysts at Nuvama Institutional Equities, every bull or bear market, typically, expires in about five years. The post-pandemic rebound completed five years in March 2025, thus, officially crossing the five-year mark. The Indian stock market, however, lacks levers to extend this uptrend, they caution. Outlook: Rising risks for Indian stock markets A recent report by the brokerage noted
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Business Standard
03-06-2025
- Business
- Business Standard
Markets stuck between rich valuation, tepid growth; SMIDs at risk: Report
Stock Market Outlook: The valuations of the Indian market and of most sectors and stocks are quite rich and well above fair values, cautioned Sanjeev Prasad of Kotak Institutional Equities Nikita Vashisht New Delhi Market outlook: The consolidation in the Indian stock markets may continue for the next few months as rich valuations, weak domestic consumption and investment, along with global uncertainty cap any meaningful upside, believe analysts at Kotak Institutional Equities. In a report titled 'Indian Markets: All dressed up and nowhere to go'', Sanjeev Prasad of Kotak IE pointed out that the stock market (primarily the benchmark indices) is ignoring risks from a sluggish domestic outlook and a challenged global macroenvironment underscored by a likely low growth and possibly high inflation. "In this context, the valuations of the Indian market and of most sectors and stocks are quite rich and well above fair values. This suggests that investors, both institutional and retail, are yet to reconcile with the new reality," Prasad said in a co-authored report with Anindya Bhowmik and Sunita Baldawa. On the bourses, the stock markets were highly volatile in trade today, swinging between gains and losses. The BSE Sensex index tumbled 1,199 points from the day's high to hit a low of 80,575 level in the intraday trade. The NSE Nifty50, on the other hand, crashed 343 points from the day's high to hit a low of 24,502. The market has been moving sideways since May 12, 2025. Stock market outlook: Key risks According to analysts at Kotak Institutional Equities, there is a disconnect between the valuations of the Indian stock markets and the fundamentals of the domestic and global economic growth. On the domestic front, Prasad anticipates a slowdown in the Indian economy on the back of lower growth in investment, which would overshadow any potential recovery in consumption. "While there could be a gradual recovery in the domestic consumption demand, any major upside to demand recovery is ruled out due to muted growth in income of low-income and middle-income households and a possible slowdown in consumption demand of high-income households," it said. Additionally, the brokerage projects moderation in central government capex, coupled with a modest pickup in state capex, despite a significant increase in state budgets for FY2026, likely slowdown in residential real estate demand, and no meaningful pickup in private capex, to curtail demand growth. Globally, Kotak analysts said the flip-flop policies of the US administration on the tariff issue have created a great deal of uncertainties with respect to global growth and inflation. While the markets, global and Indian, have already priced in the best-case scenario of the US and its major trade partners concluding trade agreements before the July 9 deadline, leading to moderate import tariffs and subsequent uptick in inflation, the reality is that only one trade deal (with the UK) has been signed for far. "In a realistic scenario of dragged-out trade negotiations, the market could be volatile based on news (good, bad or ugly) but struggle to break out of a certain range," it said. Stock market valuations In this backdrop, the brokerage believes valuations of the Indian stock market have stayed at high levels in several sectors and stocks despite meaningful earnings downgrades. This, it said, highlights a scenario where either the market does not care about valuations and/or the market does not care about earnings. "In our view, this nonchalant attitude perhaps reflects the market's confidence in retail investors sustaining their hitherto price-agnostic purchase of stocks through mutual funds, and FPIs staying positive on Indian equities based on a 'narrative' of a lack of alternatives in emerging markets," it said. Data, however, points out that retail investors have been reducing new investments into mutual funds. FPIs, on the other hand, are "value-sensitive" investors. As the Indian market has not performed in the recent global rally, investors should acknowledge that "Indian exceptionalism" may not be enough. Largecap vs mid, smallcaps: Where to invest? Kotak Institutional Equities believes the large-cap indices may find some support from continued optimism among investors about India's long-term growth prospects and lower interest rates, but the small and mid-cap stocks (SMID stocks) have a long way to correct to their fair values. According to the brokerage most large-cap and mid-cap consumption stocks (FMCG and durables), capital goods and EMS stocks, and outsourcing stocks (information technology) are trading at expensive valuations.
