Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
Stock Analysis, IPO, Mutual Funds, Bonds & More

Expecting a 2-3% rally on Monday: Saurabh Mukherjea

FM’s move on Friday will see the markets regain lost ground.

ET Now|
Aug 24, 2019, 12.54 PM IST
Saurabh Mukherjea-1200
While the finance minister’s announcement will energise the market, there might be some fiscal cost, says Saurabh Mukherjea, Founder & Chief Investment Officer, Marcellus Investment. Excerpts from an interview with ETNOW.

The finance minister made a big announcement on Friday and said she was going to follow it up with two more announcements next week. But from the equity markets perspective, the pre budget position has been restored for FPIs and domestic investors. Come Monday, do you expect fireworks?
Everybody and their father and mother in the stock market was apprehensive and the market was in a free fall. The way we were giving up almost 1% of the stock market value, on Monday we should see a good 2-3% rally which should make up a big part of the lost ground.

That being said, if you have to feel for the bond investor, there is a fiscal situation in our country and the announcements will cost the government.

Also Read

In every sector, 1-2 giants emerging at the cost of the rest: Saurabh Mukherjea

India needs an index with a blend of m-cap and macros: Saurabh Mukherjea

BPCL, Concor sale to bring $15-20 bn to fisc: Saurabh Mukherjea

Economic reform is not a panacea for all companies: Saurabh Mukherjea

Go bargain-hunting as markets near bottom: Saurabh Mukherjea

Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service