What do you look at the market today based on where we stand in terms of risk and the ratio of reward?
Sanjeev Prasad: The market looks a bit staying the same here. We agree like a narrow band that has been a case for a while today. If you look at the last one year’s performance, the market has never been done. At that time 24 additional minus bands for a while today. So, on one side you have valuations a bit expensive and on the other hand there is a decent macro, clearly develops the developments in the world that we haven’t even known what else you have to steal throughout
So, yes, so we are. Imagine me equally mixed with the positive one and very high valuations that may make the market stay tied for hours.
Macros became favorable and your mind that can lead to increased surprise that the liquid is returned, the rates of interest, the rates of healing falls, inflation fell. Do we for positive findings find out because of good macros?
Sanjeev Prasad: This is the entire challenge of market construction actually. There is a huge funding between what is good for the economy doesn’t have to be good for the market. If you look at the composition of market earnings, many income from the commodity sectors are well-equipped with the economy of the most economically, these economic shares are most of the challenges of exports Economic export carpet well for the economy of many, it’s also cargo carpets that are better in the economy of many, it is not good for economic profits.
Just give you a lot of data here, for the good 50 index for instance we’re watching about 12% development for the FY2026 development sectors with specific facts, for rising tariffs. So, if there is a risk associated with any major factors, which is the lowest price of commodity etc. For example, our numbers are about 20 odd percentages or 22% accurate in the most profitability of iron and mental and mining prices, we need to improve steel companies.
The same way that’s 16% of the cost of adding from Orgc which is also not available in the economy, come due to a higher gas price. There are some risks with low crude prices over there. The same way between Sorting And Bharti, about 17-18% of the increased gain of good access from these two tariff companies increasing, also real sector and specific reasons.
So, at this point in time, we still need to wait for a good macro to send to micro. We have a lot of positive things that happen there.
Your note says, the first line says the Indian market seems to be hit. Help us understand that what Indian markets can be taken from this place because of changing the macro, even the healing of these things is even the income that is bad, but not great disappointment.
Sanjeev Prasad: Many good news to be honest with you because many good news is sold, whatever we know cuts amounted to 25 if known; low inflation; known; Prices at low commodity prices, at least oils are very helpful, so all knows.
The question is when we see any income upgrading to the back of a decent macro and where the challenge comes. The immediate effect of this so-called macro development is actually a negative impact for the large market section. Interest rate cuts it means that it is actually negative for bank owner parts and depending on how many private banks have a large part of their book linked to their loan book.
Parehas nga paagi kung imong tan-awon ang mga presyo sa ubos nga krudo, kamadanihon alang sa ekonomiya sa kinatibuk-an ug hatagan ka lang sa entaha, ang matag dolyar nga kantidad sa usa ka baril nga parehas sa usa ka baril nga parehas sa usa ka baril nga labi ka bag-o nga kantidad nga sama sa 79, apan klaro nga negatibo alang sa usa ka butang sama sa ONGC.
So that’s the whole issue here, this good macro we all know, it is given at the end of the earnings of the income of earnings for sure.
