 | | February 29, 2016 | 
| | | The equity market remained under pressure in the second month of 2016, given the global headwinds and weak corporate earnings domestically. The benchmark indices (Nifty, Sensex and CNX Mid-cap 100) have declined by 7.5-8% each since our last review of the Top Picks basket. Consequently, the indices have lost 12-14% in the first two months of 2016 on account of relentless selling by foreign investors. Fortunately, the Union Budget for 2016-17 has avoided announcing any damaging proposal on the capital gains tax, as was speculated in the media before the budget. However, the market is likely to remain subdued in March as well due to seasonal liquidity squeeze driven by advance tax payments among other things. Having said this, we see this as an opportunity for serious investors. Some of the quality names have corrected by 20-30% and offer an attractive entry point for good returns over the next 12-18 months. The Top Picks basket consists of such quality stocks and investors could accumulate the same. We are confident of the stocks within the Top Picks basket and consequently do not advise any change this month. |
| Sharekhan Limited, its analyst or dependant(s) of the analyst might be holding or having a position in the companies mentioned in the article. | |
Regards,
Sharekhan Fundamental research team
| 
www.sharekhan.com
| |
--
You received this message because you are subscribed to the Google Groups "LONGTERMINVESTORSRESEARCH" group.
To unsubscribe from this group and stop receiving emails from it, send an email to
longterminvestorsresearch+unsubscribe@googlegroups.com.
Visit this group at
https://groups.google.com/group/longterminvestorsresearch.
For more options, visit
https://groups.google.com/d/optout.
No comments:
Post a Comment