Waiting for market bottom? Buffett Indicator already showing where it lies

THE ECONOMIC TIMES Fri, Mar 20, 2020 | 08:27 AM IST ET Investment Opportunities

Waiting for market bottom? Buffett Indicator already showing where it lies Like other markets, Indian equity market sentiment too has been plagued by virus outbreak. Saurabh Mukherjea's 4 basic essential stock picks in times of volatility We are staying invested and encouraging clients to put more money to work, says Founder & CIO of Marcellus Investment Managers. This is not the usual buy-on-dips market: Stephen Roach What worries me is that central banks and market participants are viewing the current situation through a lens that is similar to the one we used to view the global financial crisis of 2008 and 2009, says the former chairman of Morgan Stanley Asia. Bluest of blue chips down in the dumps; should you buy or avoid? Equity indices have since slipped into the oversold zone, making valuations look attractive.

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Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth -25.00 -11.46 -9.07 8.39 Axis Bluechip Fund-Growth -25.08 -11.94 -10.15 6.98 Canara Robeco Bluechip Equity Fund Direct-Growth -27.27 -11.70 -14.35 3.04 Canara Robeco Bluechip Equity Fund Regular-Growth -27.37 -12.27 -15.42 1.83 Motilal Oswal Focused 25 Fund Direct-Growth -28.44 -14.72 -15.85 0.22 FeaturedL&T Tax Advantage Fund Direct-Growth ★★★★★ -31.11 -20.81 -26.13 -4.54 Start SIP

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Should you invest post 30% correction? History says yes! Historically, investing post 30% correction has yielded handsome returns over one year period for investors, according to a report by ICICI Securities. Nifty has corrected more than 30% in the last three months and witnessed a rebound on Friday. 8 stocks that can make money in a market rebound Here are eight money making ideas that can deliver solid gains over the next few weeks. Encash your SIPs, put all the money as a lumpsum: Sunil Subramaniam The selloff in Indian blue chips is a panic reaction, which has been overdone, and the same does not correspond to the impact that Indian economy is likely to see, says the MD & CEO, Sundaram Mutual Fund Prudent for retail investors to stay away from small, midcaps: Kamath Small and midcaps might not have the firepower to tide over the next 3-6 months, says Zerodha Co-Founder & CIO.

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What stocks investors should look at after the fall Here are 10 stocks recommended by analysts for the next one year on the basis of these filters. Top 10 stocks to buy after this market mayhem INVESTMENT RATIONALE Long-term prospects for ABB India remain intact befitting from (1) Government push to smart cities, water, ports, renewables and other infrastructure projects, (2) ABB's offerings for efficiency improvement and supporting legislations such as mandatory move to IE2 motors and (3) ABB's digitalization offering. ABB is a key supplier of critical electrical equipment like motors, transformers, rectifiers, inverters, etc. With the Indian railways moving swiftly towards procurement of electric locomotives, we believe ABB is likely to see strong business momentum over next 3 years.

Initial Public Offer (IPOs) IPO Name Offer Price Band Open Date Close Date   Laxmi Goldorna House Ltd. 15.00 20-03-2020 26-03-2020 More >>

NFO (FMPs) Fund Name Category Type Open Close Min Inv   ICICI Pru FMP - Series 87 1127 Days Plan I Direct-G Debt: FMP Closed-end 12 Mar 2020 25 Mar 2020 5,000 ICICI Pru FMP - Series 87 1127 Days Plan I-DH Debt: FMP Closed-end 12 Mar 2020 25 Mar 2020 5,000 ICICI Pru FMP - Series 87 1127 Days Plan I Direct-DQ Debt: FMP Closed-end 12 Mar 2020 25 Mar 2020 5,000 ICICI Pru FMP - Series 87 1127 Days Plan I Direct-DH Debt: FMP Closed-end 12 Mar 2020 25 Mar 2020 5,000 ICICI Pru FMP - Series 87 1127 Days Plan I-G Debt: FMP Closed-end 12 Mar 2020 25 Mar 2020 5,000 More >>

Real Estate News

65% of flat buyers defaulting on payments: MCHI-Credai MCHI-Credai said it expected all construction activity to halt in the next two to three weeks as flat purchasers have virtually stopped paying instalments. It has asked the state government to suspend property tax and payment of various premiums to the BMC for one year without interest.

Real estate to take a dip this festive season The Covid-19 pandemic and concerns over the global economy are likely to curtail a number of residential project launches during the upcoming festive season of Gudi Padwa, Ugadi and Akshaya Tritiya, which usually sees several new projects.

UP-RERA adjourns hearing till March 31 amid coronavirus outbreak The authority issued a public notice on Tuesday saying both Lucknow and Noida bench will not function between March 18 and March 31 and cases listed will be rescheduled.

CREDAI seeks to reschedule debt repayment, reset loan interest rates Among other recommendations, the Confederation of Real Estate Developers' Associations of India has sought about Rs 1 lakh crore that is lying in the Building and Other Construction Workers' Welfare Cess Fund collected from developers be used to provide loss of wages and healthcare benefits to construction workers.

Realty hot spot: This Pune locality boasts of multistorey apartments This Pune locality has several IT companies in the vicinity and also shares proximity with Rajiv Gandhi Infotech Park. It also has good road network comprising Mumbai Highway (NH-48), Baner Road and Pashan-Sus Road.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   Nippon India Capital Protection Oriented Fund II - Plan A Direct-G Hybrid: Conservative Hybrid Closed-end 12 Mar 2020 20 Mar 2020 5,000 Nippon India Capital Protection Oriented Fund II - Plan A Direct-D Hybrid: Conservative Hybrid Closed-end 12 Mar 2020 20 Mar 2020 5,000 Nippon India Capital Protection Oriented Fund II - Plan A Reg-G Hybrid: Conservative Hybrid Closed-end 12 Mar 2020 20 Mar 2020 5,000 Nippon India Capital Protection Oriented Fund II - Plan A Reg-D Hybrid: Conservative Hybrid Closed-end 12 Mar 2020 20 Mar 2020 5,000 More >>

Views and Recommendations

Buy ITC, target price Rs 259: Investec Securities 20 March, 2020, 08:09 AM IST Factoring estimate of Rs 12.5 EPS for FY20, the current payout policy implies a 7 per cent dividend yield for the stock without factoring the option value of a special dividend. Buy Buy Apollo Hospitals Enterprise, target price Rs 1,850: CLSA 20 March, 2020, 08:03 AM IST Covid-19-led travel restrictions for local and international patients likely to lead to lower occupancy. Buy Hold Sun Pharma, target price Rs 430: HSBC 20 March, 2020, 07:55 AM IST Recent correcion offers valuation comfort but uncertainty continues around the uptick of specialty drugs sales which remain the fundamental driver for Sun. Hold Buy Motherson Sumi Systems, price target Rs 110: IIFL 20 March, 2020, 07:49 AM IST The brokerage has cut consolidated revenue assumptions by around 10 per cent which has led to 20-30 per cent cut in its FY21 and FY22 EPS estimates. Buy

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