If the weather phenomenon hits India, impact will be felt across sectors; be cautious on stocks based on rural consumption.
Fund redemption and rising import bills would continue to put pressure on the Indian currency.
The fall in crude prices has added to the gains.
These sectors are seeing a marked slowdown, as consumers are postponing purchase decisions amid uncertainty and severe cash crunch, report Ram Prasad Sahu, Sheetal Agarwal & Ujjval Jauhari from Mumbai.
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The past eight months have seen vast improvement in the Indian economy, says Edelweiss Group chairman and chief executive Rashesh Shah, who feels domestic-oriented sectors are likely to do better.
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
India has always been a good bet in relative terms during crises/turbulent times in emerging markets (EMs).
It is advisable to stick to mid-caps with sustainable financial metrics rather than those offering the promise of faster growth.
Investors turn their attention to export-driven sectors.
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
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