Perspective on Muhurat Trading by Dr. Vikas Gupta, CEO & Chief Investment Strategist at OmniScience Capital
Below the Perspective on Muhurat Trading by Dr. Vikas Gupta, CEO & Chief Investment Strategist at OmniScience Capital
“We have probably seen the peak of pessimism and negative sentiments for India. The last one year performance was also a reflection of the overvaluation at the headline levels. For Samvat 2082 we are at reasonable valuations at headline level with several sectors actually having grown significantly in the last year and likely to continue that in this Samvat as well. Some of these sectors such as Banks, Power, EPC, infrastructure and housing finance etc are also available at discount to their intrinsic values and we and clients are overweight in these. We expect 2082 to show fireworks behind expectations as the global wars start subsiding, global and Indian interest rates come down, and trade wars start reaching settlement. Focus will again shift to growing the global and Indian economy. Defence and Railways are likely to continue getting large allocations from the government. This and export incentives is likely to boost the Indian economy in Samvat 2082..”
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