Vikash kumar jain, investment analyst,
Lyon Securities (CLSA) said that the billions of dollars are of course a good downward support that can offset any negative impact from international financial institutions.But gradually, we need to further support so that the market has done more on this basis.
Let’s take a look at the settings of liquidity.Under this market attractiveness, foreign investment institutions are unlikely to become a big seller, and high net worth institutions are unlikely to become a big seller.Then the retail industry enters every day, and the common fund obtains 150 million to 1.8 trillion rupees every month.When the funds are allocated, they must buy itHyderabad Investment. They will not hold any assets. If they are funds with strong liquidity, they must buy it. This is a commission.So if there are 180 billion to 190 billion rupees a month, what will do you think will it affect the price of basic assets?
Vicham Kumar Jane: Look, this is a very common problem. What are the places where the market may have problems? Look, the 18,000 to 19,000 rupees plus 100 billion rupees, in 4 trillion Rsitari, in 4 trillion, in 4 trillion yuanThe US dollar market is only equivalent to $ 2 billion.Therefore, the inflow of funds of only $ 200-3 billion is not enough to promote the market higher.Last year, we experienced such a rebound because foreign investors and domestic investors were buying that year.The previous year, there were a large number of domestic buying, but a large number of overseas institutional investors sold it. In 2022, Nifty did not really do too much. I think it has increased by 3%to 4%.
Therefore, from this perspective, it is not enough to inflow for domestic funds with only billions of dollars.It must have larger numbers to generate greater returns.For example, in January of this year, we saw the inflow of domestic common funds in China set the highest record in several months.But at the same time, this was offset by FII more than $ 3 billion.That’s why Niifty performed mediocre in January.It didn’t do anything.Therefore, although these numbers seem to be much higher than history, we need to realize that our market size has become larger.Therefore, the billions of dollars are of course a good downlink support that can offset any negative impact from international financial institutions.But gradually, we need to further support so that the market has done more on this basis.
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From the perspective of the market, everyone is convinced that it will be continuousSurat Stock. Can we say that it is an incident? Just don’t think about a fieldJaipur Investment? Just don’t talk?
Vikash kumar jain: I think so.In fact, on the contrary, many people do put forward a point of view that elections are usually a good year in the market.However, if you compare this election with the past four or five elections, in general, the exciting election is changes and surprises.I think the surprise and changing factors of this election are by far the least. Compared with any other elections we see, even from 1999 or 2004, and tracing back so long.
Therefore, from this perspective, we may eventually have a good incident before we need to have a more decisive action in the market.But it was clear that the surprise of that election also disappeared.The other two reasons are that we may have celebrated at least two positive election resultsGuoabong Investment. One is the results of the state election in early December, and the second is the changes we have seen in Bighar recently.
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We have celebrated several very strong election results.And before the meeting, the valuation was not nervous at all.I think maybe the market expects or wants to see a clearer prospect, which will not appear in the election, but appears in the budget after the election.
So at some time between May and July, we may have a more important event.As long as we believe that there are no negative accidents that are unpredictable in the election.
In your opinion, the possibility of this risk is that no one refuses to conservatives for a long time. Only boys will say, okay, we know the wind direction, but we still want to wait for the task after May 6th. Since the task is clear.Do you think this idea will become a reality? Will there be a lot of funds flowing in after the election?
Vikash Kumar Jain: I haven’t heard that men are nervous about the election.Therefore, this is more or less accepted, that is, there will be continuity.The third term of this government is a period when the market expects is very clear.So this itself will not bring a big flow.What may happen next is the election and then the budget.
We did see that many companies’ balance sheets were in good condition.The clarification of policy formulation in the next five years may make them more active in investment plans. This is more from enterprises, which may make some stocks more excited. This is a different thinking process, but other than that, in addition,, in addition,In its own elections, it has been promoted from a positive aspect, and I think this has happened.Therefore, in my opinion, it is unlikely to have more positive surprises.
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