However, the outperformance or underperformance would be dictated by India’s fiscal position, NPA situation and earnings. We believe the trend of mirroring global cues could continue in 2021 as well. The updates on the COVID-19 pandemic, vaccine progress and stimulus package announcement would be key monitorable for the investors going into 2021.įurther, the overwhelming liquidity support from central banks is likely to continue in 2021 as well, which would be positive for markets. Overall, markets will seemingly maintain volatility in the short and medium-term while in the long term, the resumption of economic activity and the vaccination drive will dictate investor sentiment going forward, hence, we remain bullish on markets.Ījit Mishra, VP Research, Religare BrokingĬonsidering the sharp run-up seen in the markets, some consolidation cannot be ruled out, given that the valuations remain stretched across the board. The year 2021 would be a year for restarting India with mass-vaccination drive, economic recovery and earnings growth which will lead to positive GDP growth. Prashanth Tapse, AVP Research, Mehta Equities Putting these perspectives together, we are likely to see a robust 2021. Union Budget in 2021 could also be a blockbuster. We expect the GDP growth rate in 2021 to be closer to double digits and earnings growth to be over 30 percent for India Inc. PhonePe Beat of Progress Powered by MoneycontrolĢ021 will be a year of growth.Pharma Industry Conclave Unlocking opportunities in Metal and Mining.The Challengers Life Insurance Made Simple.Interview Series Business In The Week Ahead.
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