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NEW DELHI: Equity market’s eight-day rally came to a halt on Friday, as stocks navigated through a truncated week with an eye on March F&O expiry. However, mojo still ran high and wild with the likes of Morgan Stanley upgrading their outlook on India. L&T’s hostile takeover of mid-tier IT firm Mindtree and rescue plans for Jet Airways made headlines this week. Let’s take a look at what buzzed on Twitter last week. Here’s what top Twitteratis on Dalal Street had to say:
Rescuing JetSandip Sabharwal, an independent market analyst finds great value in Jet. Sabharwal says carrier’s focus on customer service is a great positive and feels even if the current promoters exit and the brand survives, it is still a win-win situation.
Lot of debate in whether #JetAirways should be bailed out. It’s a great brand with very strong customer focus. We n… https://t.co/3JKd2NAlpV— sandip sabharwal (@sandipsabharwal) 1553151596000
But somehow, Shyam Sekhar of iThought does not seem in tandem with Sabharwal’s view. He thinks Jet is a business that is already dead and SBI bailing out the company might not be the ideal solution.
SBI buying out Etihad, moving out Goyal and taking control of Jet is like a Hero fighting to finish all the villain… https://t.co/oLMlZ2TQ1p— Shyam Sekhar (@shyamsek) 1553045853000
Mind It!Commenting on Mindtree’s acquisition by L&T, Sekhar says Mindtree has no way out of this and is scrambling for solutions unsuccessfully.
#Mindtree board stands completely exposed. It engages constantly with a Raider, keeps stalling his moves, bargains… https://t.co/QFpsbHZBw0— Shyam Sekhar (@shyamsek) 1553134017000
Stock-it-up!Two stock recommendations from Sandip Sabharwal in today’s Tweet Buster edition.
Many Mid Tier banks have now starting showing extremely positive chart structures. Short term they also look overex… https://t.co/zZ37wl4WDM— sandip sabharwal (@sandipsabharwal) 1553228059000
Infrastructure building will enter a new phase as #NDA gets voted back to power. Many Infra companies as well as Ce… https://t.co/21uiNOG7vN— sandip sabharwal (@sandipsabharwal) 1553227110000
Up your gameWith the latest rounds of upgrades on Indian equities by the top honchos of D-Street, all seems hale and hearty for stock market bulls in the near future.
Foreign brokerages are so so funny JP Morgan, Goldman Sachs, CLSA etc all downgraded India just a few months back.… https://t.co/UH5N2LtObb— sandip sabharwal (@sandipsabharwal) 1552979984000
After an upgrade by Goldman Sachs, Blackrock joins the good news wagon- says EM will recoup most of 2018 losses in 2019.— Safir (@safiranand) 1552964158000
Wake up call?Sabharwal says RBI has a little something to learn from the US Fed. The Fed adapts itself to the change in data and RBI can take a cue or two from them, making a case for rate cut in the upcoming policy meets.
US FED says no.more rate hikes this year. They adapt as data changes However @RBI and #MPC in India most of the tim… https://t.co/8F2noAoX3l— sandip sabharwal (@sandipsabharwal) 1553172122000
US 10 yr bond yields hit 2.43%, the lowest since December 2017. Yield differential between Indian and US 10yr yield… https://t.co/Rr1JeU1JfN— sandip sabharwal (@sandipsabharwal) 1553267319000
Not so optimisticShankar Sharma says the markets are in la la land even as the sole pillar of Indian growth – consumer spending- is grinding to a halt. Do you agree?
Looking at the sharp production cut commentary given by Maruti, Bajaj, one can surmise that the sole pillar of Indi… https://t.co/kL0ACKArjY— Shankar Sharma (@1shankarsharma) 1553227831000