Weekly Updates – Markets ended on a Positive Note

This week was good for the markets as it ended on a positive note.

Right now Indian markets have a lot to see upon like the elections which are gonna happen, September quarter earnings, reports of COVID cases.

Let’s see what the main voices of markets has to say:

Vikas Khemani, Founder of Carnelian Capital Advisors: he thinks many banks are well equipped and will provide great comfort.

He thinks one of the banks which go out of the way to make sure everything is right is HDFC bank.

But from the risk point of view he thinks ICICI is better than HDFC.

Srinivas Rao Ravuri, Chief Investment Officer – Equities, PGIM India Mutual Fund: He feels its too early to say about the numbers.

Also he added things are way better than it was in months of April, May and June.

Tushar Pradhan, CIO, HSBC Global Asset Management: the market is not static because of COVID.

He said cement is one of the sectors which will now get back to normal as now a lot of infrastructure projects are going to happen and eventually all the labourers will be back again to work.

Once the labourers start to work again then there will be a huge pick in the cement industry as it was before COVID.


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