![]() But it is fair to assume that whenever there is a global issue and there is a global contagion, the effects of that will be felt all across the world because you never know what kind of linkages somebody might have had either on hedges or something else.įor all you know, it may impact the flows that flow into emerging markets and India as well. Well the impact if any is more to do with second or third order derivatives where none of the Indian banks have any direct linkages with the bank that you mentioned. Then any specific sectors that one should be looking at and obviously given the current scenario with the SVB Bank anything in terms of the impact and worry that you are understanding that you are getting from the market? Obviously then it is going to be a choppy ride. So the markets after this turbulence will likely go back to what they do best which is follow earnings but for the time being given the turbulence around it is going to be a pretty patchy ride. I think the answer lies in the question itself, right with so much of supply and with so much of macro issues coming up every day like the events which happened in the US in the last one week or so, the market is going to find it difficult to rise in a real manner and the desperation to exit from the private equity funds tells us that they want to just cash out because they are still sitting on a lot of profits. How does market deal with so much supply? ![]() One or the other group is going down every day and a big block in a midcap stock is coming in. What do you make of this listless move? Slowly and steadily we are drifting down. "So the markets after this turbulence will likely go back to what they do best which is follow earnings but for the time being given the turbulence around it is going to be a pretty patchy ride," says Rohit Agarwal, Kotak Life Insurance.
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