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Stock Market Outlook with Anil Singhvi – White Oak Capital's Aashish Sommaiyaa talks about trends, Budget 2021 expectations, sectors to watch
Stock Market Outlook with Anil Singhvi: In a chat with Zee Business Managing Editor Anil Singhvi, market expert Aashish Sommaiyaa, Chief Executive Officer (CEO) at White Oak Capital Management said that 2020 was full of surprises. Also, there is a feeling of disbelief now as the market participants are unsure if the existing trends will sustain or not, Sommaiyaa said
Stock Market Outlook with Anil Singhvi: In a chat with Zee Business Managing Editor Anil Singhvi, market expert Aashish Sommaiyaa, Chief Executive Officer (CEO) at White Oak Capital Management said that 2020 was full of surprises. Also, there is a feeling of disbelief now as the market participants are unsure if the existing trends will sustain or not, Sommaiyaa said.
There is a lot of scepticism in terms of future potential around all the asset classes which are currently earning money, he added.
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Looking forward, he said that the trends in 2020 will carry on in 2021. There is a new beginning in the economic cycle now which has low interest rates, high liquidity and good macros. The existing situation is similar to the one in 2019 (pre-Covid times) with a difference that the macros are more supportive now in the overall global perspective, he said. He advised people to have trust.
He said that 2020 was a roller coaster ride and nobody wants that situation to play out in 2021, he opined.
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बाजार में जारी रहेगी तेजी। IT, व्हाइट गुड्स, फाइनेंशियल सर्विसेज और फार्मा सेक्टर में बनेंगे कमाई के मौके- आशीष सोमैया, CEO, व्हाइट ओक कैपिटल
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He said that there are many opportunities in stock markets. If the people are sceptical about the market movement, this means that this is not the peak, he reasoned. There is a trend across all the sectors that the bigger players are only growing while weak and marginal players are further getting sidelined. That has been an impact of Covid-19.
Sommaiyaa's Budget 2021 Expectations – He said that the buzz around the Budget 2021 is missing this time, though there has been a positive commentary from the Government. The expectations are low because of the current economic situation, he said. He added that the government has been undertaking reforms and that there could be positive surprises in store.
Sommaiyaa said that the IT sector growth will be sustainable. He also was hopeful about the real estate sector. The banking sector also has a strong outlook, he said.
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