NEW DELHI: Optimism has been running high on Dalal Street after a host of announcements that came on Friday from Finance Minister Nirmala Sitharaman, and the same are likely to reflect when the market opens for trading on Monday.

“The withdrawal of the enhanced surcharge on FPIs is a big positive for the Indian market, as it could reverse the outflows seen since Budget. It should also help the rupee appreciate. Overall, it’s a good sentiment booster for Indian economy,” said Rusmik Oza, head of fundamental research, Kotak securities.

The popular sentiment remains bullish, with Sandip Sabharwal claiming that the US-China trade war would not be able to dampen the spirit back home.

Basant Maheshwari, a PMS fund manager, thinks amid the US-China trade tussle India stands a chance to gain & how

Sabharwal says stronger NBFCs are in for a positive following DHFL resolution was approved.

However, Sabharwal says MPC is doing too little to prop up the economy, and they are “missing the bus.”

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Sabharwal also has a recommendation for YES Bank. He says, “The only way for YES Bank to regain the confidence of investors is to cut down growth completely, fix the balance sheet, build reserves & then get in a strategic investor.”

Smallcap czar Porinju Veliyath tweeted that India is behind Sri Lanka, Indonesia, Venezuela and closer to Kenya and Bangladesh in GDP/Capita Nomial USD — a real indicator of standard of living that matters to you and me!

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