Market veteran Madhu Kela shared his expectations from Samvat 2076 on the occasion of Mahurat trading in an interview with CNBC-TV18.
On market uncertainty, Kela said: "Two months back there was so much nervousness in the market, every day you were only hearing that this guy will collapse, that guy will collapse, at least those things are going away one by one, even resolution seems to be happening. So you feel much better.
"I feel the markets are always ahead, people who are looking at the economy today they are still very nervous but going by our past experience of last 25-30 years, markets are always ahead and when the economy will improve market will be in a very different zone. So I am hoping that things on the economic front also should be much better than where they are 6 months from now."
On the State Bank of India and ICICI Bank, he said: "The results of these two banks are proving two things — the guys who have survived or who have done well in the bear market they will continue to garner market share, they will continue to have pricing power and these companies will continue to do well.
"In case of both these banks results are definitely better than what even the market was expecting. I think things should definitely improve from here if you take a two-year view on some of these banks."
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