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Budget 2021 Markets Want More: Equity to give up to 12 pct returns in 2021, says White Oak Capital's Prashant Khemka
Budget 2021 Markets Want More: Zee Business Managing Editor Anil Singhvi said that profit-booking was expected as the market can't move in one direction only.
Budget 2021 Markets Want More: Once the Sensex touched 50,000 levels, the Indian share market has witnessed heavy sell off triggered by profit-booking. Zee Business Managing Editor Anil Singhvi said that it was expected as the market can't move in one direction only and investors should know their levels while taking any position as from now on, share market will give opportunity to make money on both sides. In chat with Prashant Khemka of White Oak Capital Management, the Market Guru asked about the budget expectations and the expert replied demanding focus on ease of doing business from Finance Minister Nirmala Sitharaman.
When Anil Singhvi asked Khemka about the equity market returns in FY 2021-22, the expert replied, "I am expecting double digit growth for the national Gross domestic Product (GDP), which is expected to come negative by 6-7 per cent this year. However, after the rebound in the national economy, next year, it is expected to touch around 15 per cent and hence I expect the equity market to give around 10-12 per cent returns in 2021."
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On the reason that will drive the equity market returns, Khemka told Anil Singhvi, "Recent quarterly results have been quite promising and that augurs well for the companies when the economy bounces back. In that case better earnings will lead to better quarterly number for the companies in next financial year."
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FIIs का भारतीय बाजारों पर बना रहेगा फोकस... मार्केट मांगे MORE में व्हाइट ओक कैपिटल के फाउंडर प्रशांत खेमका ने कहा- फाइनेंशियल, कंजम्प्शन, IT सेक्टर में बनेंगे मौके
— Zee Business (@ZeeBusiness) January 27, 2021
On sectors that will give better returns in comparison to other sectors, Khemka said, "Banking and financial, IT and consumer durable sector will outperform other sector at Dalal Street and hence I am expecting better equity market returns from these sectors in next financial year."
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