Sharekhan In association with MCX conducted a special Seminars on “Market Outlook, Share khan Products & Commodity Options” to make learn Learn first-hand from our experts on our long term outlook in equity market & stocks and Commodity derivations and options to invest in. Overwhelmed HNI’s, Professional traders, Sharekhan and potential clients, educationists, management students and scholars in few hundred joined the event and are prepared to improve their outlook on trading today which was organized at hotel
Country inn and suites by Radisson, bahu plaza Jammu and Hotel Dolfin in Udhampur. Mehul dhedia VP , Head franchisee business servicing at Sharekhan from Mumbai spoke about Share khan Products specially small tag size portfolio schemes with v competitive cost and outperforming results , whereas Vishal Sharma Senior manager, Regional Franchisee Head from Delhi elaborated on Market outlook Regional Group head Mohammad Rafee for sharekhan Delhi office was also present on the occasion. Sanjay Gakhar VP from Mcx elaborated on Commodity derivations and options clearly with does and don’ts of commodities trade with all aspects and segments available in MCX, Jai gopal Goel SRM from MCX was also present on the occasion. Kanika Arora Singh RM Business Partner Sharekhan Jammu and Ajay Kapoor, Business Partner & Director for Sharekhan Jammu outlets Expressed Vote Of Thanks to all worthy Speakers and esteemed Customers. Ajay
kapoor also announced series of investor Awareness Camps and Seminars for all investors on way forward to financial literacy mission for the state in current financial year and informed about connecting with NSE /BSE /Sebi/MCX/NSDL to spread financial knowledge at colleges & Universities to raise level of financial literacy, bring investment culture in state and thus creating job opportunities in the state also. He appreciated the Jammu Sharekhan Business Partners Team for Dedication in organizing and the wonderful execution of both the Successful events at Jammu and Udhampur About Sharekhan Founded in 2000 and a subsidiary of BNP Paribas since November 2016, Sharekhan was one of the first brokers to offer online trading in India. With 2.8 million clients, 240 branches and more than 3900 business partners 670 cities, Sharekhan is one of the largest Full Service brokers in India. Sharekhan offers a wide range of savings & investment solutions includes Broking, equities, futures and options, commodities, currencies,
portfolio management, Advisory & research, IPOs , mutual funds & investor education. On an average, Sharekhan executes more than 10,00,000 trades daily.
About Market Outlook, Sharekhan research says, Silicon Valley Bank / Federal Reserve Bank saga happened due to lack of business diversification beyond startups and affluent / wealthy clients. Now, in current environment with strong job data and economic strength, we do not expect any crisis like subprime in the near term.
FIIs too made their highest purchases so far for 2023 in April, especially during the last few days of the month. Also, the research team feels that inflation figures could ease out over the next few months as the high base effect comes into play. This could give rise to expectations of a policy rate cut by the end of CY2023 and boost market sentiments. In India, Credit growth has started outpacing deposit growth for last couple of months,
which essentially a good sign for economy. Rather than focus on near-term challenges, an investor should focus on expected multi-year up cycle in Indian economy.
Overall, the first month of the new financial year was optimistic for Indian equities, with the benchmark indices gaining 3-4%. Among sectoral indices, the action was led by the banking, realty and auto indices. The mid-cap and small-cap indices also clocked good gains. The market mood was guided by factors such as the RBI’s rate hike pause, cooling down of inflation and other factors. FIIs too made their highest purchases so far for 2023 in April, especially during the last few days of the month. The quarterly results season has also not disappointed, despite the global uncertainties and volatile commodity prices. In Q4 results, aggregate earnings growth has been dragged down by metals & IT services companies, which have seen downgrades in earnings estimates. On the other hand, banks, financial services, auto ancillaries & select consumer companies have reported quarterly performance that is ahead of expectations, leading to an upgrade in earnings estimates. In
terms of recent economic data, economic growth seems to be healthy with the India Manufacturing PMI at 4- month high of 57.2 and India Services PMI at healthy 62 level. GST collections for April stood at a record Rs. 1.87 trillion and the air traffic surged at record level in April. On the brighter side, Indian markets tend to perform better in odd years, particularly in the H2 of an odd year going by the data over the last two decades.
Also, the research team feels that inflation figures could ease out over the next few months as the high base effect comes into play. This could give rise to expectations of a policy rate cut by the end of CY2023 and boost market sentiments.
More importantly, it is important to keep the Big Picture in mind. Rather than focus on near-term challenges, an investor should focus on expected multi-year upcycle in Indian economy. Thus, use the corrective phase to accumulate quality companies for wealth creation over the next 3-5 years.
