Manish Gunwani of Bandhan AMC suggests indirect investment routes like financials and internet platforms for consumer discretionary exposure, citing valuation concerns in staples and uncertainties in the auto sector. While optimistic about sectors like semiconductors and defence, he cautions against high valuations.
Chirag Muni of Anand Rathi Wealth Limited advises investors on navigating mid- and small-cap stocks, highlighting their higher growth potential but also increased volatility compared to large-caps. He suggests a diversified portfolio with a balanced allocation across market caps for optimal risk-adjusted returns.
Despite U.S. President Trump's diplomatic efforts to resolve the Ukraine war, oil and gas markets are unlikely to be significantly affected. Even a full ceasefire and sanctions removal are improbable. While Europe has reduced reliance on Russian energy, countries like India and China have increased imports.
Recent research suggests technology is now destroying more jobs than it creates, particularly impacting professional roles due to AI advancements. This trend could lead to deflation, increased government intervention, and a tech war between the U.S. and China. While aging populations might offset labor force shrinkage, the exponential pace of technological evolution suggests a shift towards automation.
Oil markets are in a holding pattern due to uncertainty surrounding the Russia-Ukraine war and potential shifts in Western sanctions. The focus has shifted from a quick ceasefire to a longer-term resolution of territorial disputes and security guarantees. Market participants are adopting a wait-and-see approach, as the path to a resolution is expected to be lengthy and complex.
Andrew Ferris, CEO of Ecognosis Advisory, advises clients to reduce US holdings due to expectations that the Federal Reserve will maintain current interest rates. He anticipates Powell will reinforce this stance at the Jackson Hole meeting. Despite the S&P's record high, it's underperforming European and Asian markets.
Tata Motors shares: Tata Motors will re-enter the South African passenger vehicle market after six years, relaunching its car range through an exclusive distribution partnership with Motus Holdings, marking a key step in its global expansion strategy.
