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Top market and economy voices on Fed's dovish stance, stock market, banking industry, and more

Updated : March 22, 2021 12:35 PM IST

Here is what market gurus and industry captains said about the near-term trajectory on March 18, 2021.

 On Fed's dovish stance | Sameer Goel, the Head of Asia Macro Strategy, Deutsche Bank:  I think the Fed has done well in laying out what is I would argue a much clearer framework now with respect to how it thinks about its new flexible average inflation targeting regime and what are the hurdles which it foresees or what is the threshold of where it needs to see the real economy parameters around unemployment, output gap, inflation, etc. to move before it would consider lifting rates.   Catch the conversation here.
On Fed's dovish stance | Sameer Goel, the Head of Asia Macro Strategy, Deutsche Bank: I think the Fed has done well in laying out what is I would argue a much clearer framework now with respect to how it thinks about its new flexible average inflation targeting regime and what are the hurdles which it foresees or what is the threshold of where it needs to see the real economy parameters around unemployment, output gap, inflation, etc. to move before it would consider lifting rates. Catch the conversation here.
 On Gold Loan | VP Nandakumar, MD & CEO, Manappuram Finance:  The gold price has gone down by 16 percentage. In the last quarter, there was no growth registered, it was steady because the gold prices were going up. When the gold prices are down, there is a tendency for a higher auction, because the auction collateral remains steady. But as per loan to value (LTV) in amount terms as gone down. here is a decrease in the portfolio to some extent around 4-5 percent while the underline collateral remains steady - that is because of the price decline of 16 percentage.   Catch the conversation here.
On Gold Loan | VP Nandakumar, MD & CEO, Manappuram Finance: The gold price has gone down by 16 percentage. In the last quarter, there was no growth registered, it was steady because the gold prices were going up. When the gold prices are down, there is a tendency for a higher auction, because the auction collateral remains steady. But as per loan to value (LTV) in amount terms as gone down. here is a decrease in the portfolio to some extent around 4-5 percent while the underline collateral remains steady - that is because of the price decline of 16 percentage. Catch the conversation here.
 On Banking overhaul | Rajnish Kumar, Former Chairman, SBI:  They are making a beginning after so many field experiments as far as the DFI is concerned. So I hope that this time the government will get it right and will have the necessary freedom for this institution to tap the best available option. We cannot waste another opportunity and it has to be ensured that this institution which has been set up with a lot of hopes is successful.    Catch the conversation here.
On Banking overhaul | Rajnish Kumar, Former Chairman, SBI: They are making a beginning after so many field experiments as far as the DFI is concerned. So I hope that this time the government will get it right and will have the necessary freedom for this institution to tap the best available option. We cannot waste another opportunity and it has to be ensured that this institution which has been set up with a lot of hopes is successful.  Catch the conversation here.
 On Stock Market | Pashupati Advani, founder & chairman, Global Foray:  IT stocks have to be bought on dips because they are the bellwethers of the index. Right now there is pressure on IT because people feel that the rupee is getting stronger against the dollar but I don't think that that trend is going to be that rapid. I also think chemicals, logistics, cement and steel sectors have been the sectors that one has to look for and try to buy on dips.    Catch the conversation here.
On Stock Market | Pashupati Advani, founder & chairman, Global Foray: IT stocks have to be bought on dips because they are the bellwethers of the index. Right now there is pressure on IT because people feel that the rupee is getting stronger against the dollar but I don't think that that trend is going to be that rapid. I also think chemicals, logistics, cement and steel sectors have been the sectors that one has to look for and try to buy on dips.  Catch the conversation here.
 On Emerging Markets | Rana Gupta, MD, Manulife Investment Management : India features pretty high in the pecking order. Before talking about India, the emerging markets – when the economic growth is strong, the global trade picks up, emerging markets usually do well and this time around we think the same is likely to play out and within emerging markets, the pecking order of India is quite high and India is in a good position.   Catch the conversation here. 
On Emerging Markets | Rana Gupta, MD, Manulife Investment Management: India features pretty high in the pecking order. Before talking about India, the emerging markets – when the economic growth is strong, the global trade picks up, emerging markets usually do well and this time around we think the same is likely to play out and within emerging markets, the pecking order of India is quite high and India is in a good position. Catch the conversation here. 
Published : March 22, 2021 12:35 PM IST
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