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market | IST

Worst behind for Indian macros, says UTI MF's Lalit Nambiar

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Indian stocks market have gained some ground in the last few sessions, tracking positive global cues. CNBC-TV18 spoke to stock market guru Lalit Nambiar, senior VP & fund manager - equity at UTI Mutual Fund about his views on equities and outlook.

Indian stocks market have gained some ground in the last few sessions, tracking positive global cues. CNBC-TV18 spoke to stock market guru Lalit Nambiar, executive vice president and fund manager- equity at UTI Mutual Fund about his views on equities and outlook.
Talking about the market, Nambiar said, “I don’t think the market is really telling us anything. It is probably better to focus on what the numbers tell us and the fact is that for the last some many years we have had earnings estimate coming in and then getting cut over many months later. While we have bought the tailwinds may be in the base of GST and other factors I think now we are setting up a situation where we don’t have those tailwinds.”
With regards to the Indian macros, Nambiar said, “With macros, we saw a scare there on currency and oil, and possibly the worst there is behind us and now it is going to be a very slow haul, it is not gone away so globally the trade issues as well as what is happening on crude looks like it went to one extreme and then went the other and we are probably coming back to a situation wherein demand supply, economics for crude will play a big role on Indian currency.”
Talking about how next year's general elections will impact stocks, he said, “Obviously we have got elections coming around in India that also will play a role. So overall macro seems to be reasonably okay except for the liquidity issues which are there in the NBFCs and banking system which I think there again the worst is over.”
Disclaimer
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