Tweet Buster: What to do when you've more negatives to deal with on D-Street
The market had more negative cues to deal with than any positive.
With an economic revival not in sight and Vodafone Idea Chairman Kumar Mangalam Birla dropping another bombshell that he'll have to shut shop in the absence of any government relief, the market had more negative cues to deal with than any positive.
Independent market expert Sandip Sabharwal says the government must not sit back and watch the show.
Vodafone Idea will close if government does not provide any relief: KM Birla Not good news for Banks. Government c… https://t.co/m6lq1b5TWE— sandip sabharwal (@sandipsabharwal) 1575612416000
Beside Opec move, a possible end to RBI’s rate cut cycle and developments on the trade front could be additional pain points for the government from here on.
Spike in Crude prices as OPEC+ likely to go for more cuts next year Not good for India Monetary accommodation spac… https://t.co/D6SHsec1IY— sandip sabharwal (@sandipsabharwal) 1575645414000
Given that the Us Economy is humming along with good job creation and strong wage growth It gives less incentive fo… https://t.co/1hEuS2gBqG— sandip sabharwal (@sandipsabharwal) 1575640686000
Although the #MPC @RBI have retained an "Accomodative" stance it does not mean they will cut in the next meeting. I… https://t.co/5AihkmGO9k— sandip sabharwal (@sandipsabharwal) 1575527769000
And with the pace government's narrative changing, this is how the outlook for the economy panning out.
Government commentary 4 months back We are the fastest growing Economy Now We are the fastest growing "Major" Econo… https://t.co/uQR8b5sxPB— sandip sabharwal (@sandipsabharwal) 1575705789000
Yet, Nifty still continue to reflect excessive optimism.
Despite the decline in the markets the Nifty Put:Call ratio has barely budged. Reflects excessive optimism— sandip sabharwal (@sandipsabharwal) 1575624461000
Shyam Sekhar of iThought says investors are failing to look beyond the top 500 stocks and there could be some opportunities there.
PCAS gave us most of the multibaggers of 2017-18. Shares included in PCAS were thrown away at any price. Categoriz… https://t.co/OyK0gPLKfG— Shyam Sekhar (@shyamsek) 1575597748000
Meanwhile, Basant Maheshwari, a PMS fund manager, says there will always be someone to scare you from picking a good stock and one should be beware of such people.
General comment: Good stocks give you great opportunities to enter. But there will always be that ‘twitter moron’ t… https://t.co/sI8QcXMqXp— Basant Maheshwari (@BMTheEquityDesk) 1575372084000
Lastly, Sandip Sabharwal had a little suggestion for the YES Bank management. Take a look:
It is important for @YESBANK to raise as much capital it can ASAP. Even if its not $ 2 billion then should just rai… https://t.co/MAou4r3Lp8— sandip sabharwal (@sandipsabharwal) 1575612074000