Dolat Capital: India Equities - Reality Check In The Offing, Turning Negative

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.We downgrade our stand on the India equity markets to negative after the stupendous rally from the March lows – the July month ended with a gain of 7.5% for the Nifty 50, and continues for August (up 2% for month to date).The Nifty is now less than 9% from its all-time highs, and this for one of the worst earnings / GDP readings seem surreal to us.We expect a reality check to set in sooner than later and lead to normalisation of valuations.While we are not calling for any specific levels or time frames at this juncture because there will be too many variables at work here at all levels - macro, sector, stock et al.What is a more pertinent aspect that we want to call out for a correction is to let the markets digest the barrage of new aspects of businesses that will emerge – and for some of the heavy weights like financials, consumer, discretionary, manufacturing and many others..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Dolat Capital: India Equities - Reality Check In The Offing, Turning Negative

Dolat Capital: India Equities - Reality Check In The Offing, Turning Negative

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