Sat, Apr 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

India is a stock picker’s market

Friday, July 26, 2013

amb
Chrys Kamber
Benedicte Gravrand, Opalesque Geneva:

India finds itself in a terrible macro situation and its macro instability has become a big bugbear for its financial markets, writes Pratik Sharma, managing director at Atyant Capital in a fund commentary earlier this week. The Rupee fell -8.39% versus the US Dollar during the second quarter during which there was severe volatility in the equity markets, he adds. His fund, the Atyant Capital India Fund came down around 12% that quarter.

But he sees clear opportunities: "We think the asymmetry in the market has never been larger. There are opportunities for people to invest in very low downside and very significant upside opportunities. Sooner or later sentiment about India will change. We are not sure whether such attractive prices and asymmetries will exist once the pall of gloom lifts."

According to Deepak Lalwani, founder of Lalcap Ltd, India is suffering from its worst economic downturn in a decade, with economic growth sliding to 5% for the year to 31 March 2013, whereas five out of the last eight years saw economic growth of over 8.5% p.a. He says in his famous India report this week that he revised his GDP growth forecast downwards to 5.6% for the year ending 31 March 2014.

But, he points out, India's stock market remains the best performer among BRIC countries this year. As it did......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner