Gold Silver Reports (GSR) – Markets Won’t Be Very Strong For Next 12 Months: Shiv Puri – Over next 12 months there is nothing much to expect from markets, Shiv Puri founder and managing director of TVF Capital Advisors told in an interview.
Key conversation highlights:
💡 Very difficult to pinpoint valuations of companies that have uncertain future
💡 Pockets that will be rapidly hurt are very few like solar and related companies
💡 Seeing healthy earnings growth in India
💡 Picking up individual stocks is key in this kind of market
💡 Saw macros worsening globally, micros in India improving this year
💡 Seeing disruption in the media space with JIO, expect advertisements to shift to digital
💡 Thermal assets would not be economically viable given the costs of solar power projects
Indian equity benchmarks edged lower dragged by HDFC, ICICI Bank, State Bank of India and Vedanta. However, the losses were capped as IT heavyweights Infosys and TCS witnessed buying interest. The S&P BSE Sensex fell 0.13 percent or 50 points to 35,115 and the NSE Nifty 50 index declined 0.15 percent or 16 points to 10,671.
Nine out of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty PSU Bank index’s 1.15 percent drop. On the flipside, the Nifty IT index was the top gainer, up 0.9 percent. The mid- and small-cap shares also edged lower as the S&P BSE MidCap index fell 0.3 percent and the S&P BSE SmallCap index declined 0.1 percent.
