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Monday, January 02, 2017

A more challenging New Year

The New Year is likely to be more challenging for equities than 2016 as companies are expected to post poor earnings atleast for the next couple of quarters following demonetisation.
Global headwinds ranging from US policies under Donald Trump to poll in three key European countries will also impact investors sentiments.
As per analyst prediction earnings growth for the next 1-2quarters should be tough from economy perspective. A fall in cement offtake, automobile, textiles, gems and jewellery and retail footfall is expected. However there is no anticipation of any major negative surprises in sectors like metals and oil & gas. 60% of the net profits of the Nifty-50 Index do not depend on India's GDP growth as their revenues are largely dependent on global factors.

1 comment:

Saanvi Nair said...

With all the sudden changes in rules and policies the economy has greatly affected and it will take time to recover. The economy is affecting the import and exports, buy sell and all these are affecting the shares market as well. According to
epic research trader must carefully invest this year.