According to CNBC TV18, Bajaj Finserv AMC CIO Nimesh Chandan believes the market may have bottomed out as expectations around global stability improve. As he noted, "Instead of moving into the storm, we are moving slowly out of the storm" with markets pricing in a possible resolution to geopolitical tensions. The recovery outlook comes as oil supply disruptions are expected to be temporary, with Chandan expecting normalized flows to resume in four to six weeks, though prolonged disruptions could impact inflation. DSP Asset Managers CIO Anish Tawakley echoes this view, stating that the recent surge in crude oil prices is likely to be temporary and should be handled carefully to limit its impact on the domestic economy. He suggests that policymakers should manage the shock through reserves and calibrated price transmission, transmitting only as much as can be absorbed without hurting economic output.
As reported by The Economic Times, the investment approach emphasizes that investing is not about one or two quarters but about long-term fundamentals. The article suggests that despite current market pressures, there are five mid-cap stocks from different sectors with upside potential of up to 30% for investors with long-term perspective. This recommendation comes at a time when the mid-cap segment is experiencing valuation corrections, with expert Sandip Sabharwal maintaining that it is better to cherry-pick midcaps and selective smallcaps now rather than making broad-based investments. DSP MF CIO Anish Tawakley advises focusing on companies with strong balance sheets that can withstand near-term volatility, maintaining a preference for large-cap stocks over small and mid-caps due to valuation concerns in the latter. Bajaj Finserv AMC supports this view, highlighting commodities as a key investment theme supported by supply constraints and rising demand across metals and energy sectors.
According to CNBC TV18, commodities emerge as a key investment theme with both ferrous and non-ferrous metals, along with cement, benefiting from supply constraints and rising demand. Bajaj Finserv AMC sees defence as a long-term opportunity with rising global spending supporting order books, while healthcare remains positive citing stable demand and export benefits. DSP MF CIO Anish Tawakley highlighted domestic cyclicals such as banks, autos and cement as areas of interest, while advising caution on segments like personal lending and fast-moving consumer goods (FMCG) due to potential earnings pressure. The auto sector continues to face short-term pressure from rising input costs, especially steel, though consumer durables companies should perform well this summer with ACs, fans and cooler companies expected to benefit from seasonal demand.
As reported by The Economic Times, Sun Pharma announced a big acquisition, which moved the stock price. The initial market reaction has been positive, but expert Sandip Sabharwal cautions that large pharma acquisitions are rarely easy; integration takes time. He notes that the acquisition price is on the higher side, suggesting investors should adopt a wait-and-watch approach. This corporate development occurred alongside the broader market pressures and provides a positive catalyst for the pharmaceutical sector, though integration challenges remain a key concern for long-term performance.
According to The Economic Times, today marked the monthly expiry of derivative contracts, which influenced the Nifty and Sensex movements. The fundamental factors included crude oil price increases and ongoing uncertainty in the Gulf region. As reported by CNBC TV18, DSP MF CIO Anish Tawakley noted that India's economic fundamentals remain stable over a one-year horizon, provided the disruption remains short-lived. He emphasized that the broader environment continues to support demand and capacity, indicating that the current oil shock may not alter long-term economic fundamentals. As reported by ETNow, Indian equity markets continue to reflect a mix of strong sectoral growth and emerging near-term risks, particularly around input costs, competition, and valuations. Bajaj Finserv AMC notes that markets are range-bound in the near term despite improving medium-term fundamentals.
