SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD DEC 05
MCX SILVER DEC 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD DEC 05
MCX SILVER DEC 05
MCX CRUDEOIL NOV 16
MCX NATURALGAS OCT 26
USD/INR
EUR/INR
GBP/INR
JPY/INR

Closing Bell: Sensex, Nifty slip over 1 percent; metals, banks drag

Asian stocks edge higher, Aussie in demand on recovery signs

Today's stock tips by Sudarshan Sukhani, Mitessh Thakkar

Rupee slumps 27 paise to 72.99 against US dollar in early trade

Budget 2021: Will use 'unsavoury' opportunities to deploy cash in hand, says Atul Suri

Updated : January 21, 2021 05:13 PM IST

All eyes are on Budget 2021, given the ongoing pandemic that has adversely affected the economy, while the market reaching record highs could create opportunities for investors. CNBCTV-18 caught up with Atul Suri, CEO of Marathon Trends PMS, to find out the opportunities that lay ahead.

His first thoughts were, "The biggest fear for me in my portfolio is about Budget 2021. I fear that there could be some unsavoury things in the Budget for the industry and that may lead to volatility and correction. I would use that opportunity to deploy whatever cash I am sitting on, because I personally think that from a longer timeframe, it is a great opportunity because there is a thematic shift happening to EMs [emerging markets]."

Suri seemed optimistic on the long-term and explained the reason saying, "…because there have been decadal moves happening in global markets which are not going to end so soon."

On the Sensex achieving a new high of 50,000 points, he said, "50,000 is just a number, but the more important thing is that last year has been an absolutely surprising year. Markets still shows that they are the boss."

According to him, this could be the start of a thematic move towards emerging markets globally. "If you look at the markets on a longer-time horizon, they haven't done much. Short-term corrections will come but if you are looking at allocations into equities and you are worried about the markets having run-up, I think it is going to be misplaced when you look at markets three-five years from now, because they are going to be substantially higher," he said.

The breadth of the market is quite encouraging, he added. In terms of the megatrends, he said, "I feel that technology globally is the biggest megatrend, consumption is very big play, pharmaceuticals post-COVID is going to be a very different sector and specialty chemicals – a very narrow theme – niche sector but is going to be the big play that is going to happen. These are the four areas which we feel we are invested in for a longer-term and over a period of time these are going to be the megatrends."

For the complete interview, watch the video…

You May Also Like

Wipro to buy UK-based consultancy Capco for $1.45 bn, its biggest acquisition so far

Wipro to buy UK-based consultancy Capco for $1.45 bn, its biggest acquisition so far

Seeing a commodity boom; gold prices to settle at $1,700-1800/oz in 2021: Citi's Edward Morse

Seeing a commodity boom; gold prices to settle at $1,700-1800/oz in 2021: Citi's Edward Morse

Closing Bell: Sensex, Nifty slip over 1 percent; metals, banks drag

Closing Bell: Sensex, Nifty slip over 1 percent; metals, banks drag

Trending on CNBC-TV18

Live TV

recommended for you