Tushar Poddar of Goldman Sachs expects growth recovery by the second half of FY10 in spite of the overhang of election and the fiscal deficit as fundamentals and macros are getting better.
Poddar also said that that as compared to the first half of CY09, the second half of CY09 would have more opportunities.
Tushar agrees with the central bank's growth estimation, and sees India's FY10 growth at 5.8%.
He said that if the banking institutions carry on slashing lending as well as depository rates, investors should see an uptick by the second half.
It was yet another volatile day, when the benchmark indices closed negative for the third consecutive day, due to profit booking by investors.
However, mix of short covering and buying in spot led by upswing in European markets helped indices to recover some losses.
The BSE Sensex closed lower by 80.57 points at 10,817.54, while NSE Nifty ended the day, down by 35 points at 3,330.30. The BSE Sensex touched intraday high of 11,036.24 and intraday low of 10,715.66.
The National Stock Exchange, through a circular, has decided to exclude 50 stocks from the Futures & Options segment. Most of the stocks were seen under pressure in today's trading session.
These firms, including Alok Textiles, Arvind, Ballarpur Industries, Bata India, Gateway, GNFC, Jet Airways, MindTree, NDTV, Network 18, Reliance Industrial Infrastructure, S. Kumars, Strides Arcolab, TVS Motor, UTV Software and Wockhardt. Traders will not be able to trade in F&O segment in these stocks after the expiry of contracts for existing months.
Global cues were good, but Indian Stocks markets turned negative after positive opening on Wednesday. Selling was seen in select capital goods, metals, pharma and banking stocks.
The BSE Sensex closed at 10,817 down 81 points after hitting an intraday high of 11,036 and low of 10,715. The Nifty shut at 3,330 down 1.04% or 35 points. It has hit a high of 3,401 and low of 3,296 respectively. Among the broader indices the BSE Midcap Index fell 40 points and the Smallcap Index slipped 65 points.
Tushar Poddar of Goldman Sachs expects growth recovery by the second half of FY10 in spite of the overhang of election and the fiscal deficit as fundamentals and macros are getting better. 
The benchmark indices saw yet another unpredictable day, and ended on a pessimistic note for the third consecutive day. 
Tokyo - Tokyo stocks inched downward Thursday as investors stayed away from buying ahead of the expected release of corporate earnings reports.
It was yet another volatile day, when the benchmark indices closed negative for the third consecutive day, due to profit booking by investors. 
The National Stock Exchange, through a circular, has decided to exclude 50 stocks from the Futures & Options segment. Most of the stocks were seen under pressure in today's trading session.
Global cues were good, but Indian Stocks markets turned negative after positive opening on Wednesday. Selling was seen in select capital goods, metals, pharma and banking stocks.
