“Singer’s new owners were looking for some Indian investors to help it grow and that is why on Tuesday there was sale of some stake by Retail Holdings (India) B.V. The new local investors including Rare Investments are financial investors but they will help chalk out plans to grow the company as well.”

“In Q1, it looks like there is a dip by about 2% in market share, but if you compare it with the March 2022 figures and the June figures, it is up by 2.1%. The IRDA figures are already out and in July, we gained about 3% of the market share. This market share gain has come on the back of very strong performance in the P&GS business.”

“I believe that at 18,000 level, we might pause a bit because 18,000 is a psychological level and we have seen a non-stop rally from 15,300. So I think, there would be a breather, there could be some profit taking and within that pullback, which could be about 200-300 Nifty points one can start entering the market, though the midcap and the smallcap space will continue to rally going ahead.”

“Jhunjhunwala showed that you can make money in the market with integrity, you do not have to do any manipulation, you do not have to do anything. The third thing he has shown was that the more you share, the more you prosper. Fourth, he said that relationships you make are very important.”

"With FIIs turning net buyers in July, the smart money has moved out of IT and metal stocks and moved into value stocks. FIIs have reduced weight in sectors where they had relatively higher exposure such as IT. Besides the tightening measures taken by central banks around the globe, FIIs have reduced weight in sectors with higher risk and valuations."

“Market leadership I think will continue to come from the banking sector because that is obviously a great inflation play but as we are probably noticing now, it is starting to get more rotational around the sectors, which means that the leadership is changing and it is probably not sustainable.”

“Commodity prices have corrected over the last one quarter and many of the logistics issues have eased. The expectation is that there will be tailwinds of demand in the auto sector as we move ahead, particularly on the CV side. These are four year cycles and we are probably in the first year of that cycle. We remain constructive on this space and think that this cycle is at the cusp of a takeoff.”

“We will never be able to define what a freebie is and what a freebie is not. That has to be decided between the electorate and the political parties and which is why economists never talk in terms of freebies. They talk in terms of subsidies as merit subsidies and non-merit subsidies.”

“The pace of the rebound in FIIs flows is likely to take a bit of a pause in the next weeks and months. I would not say big pause but certainly if the inflation data comes out to be of negative surprise meaning too much inflation or if the Fed continues to talk much more hawkish, you could see some risk-off and really it is not about India specific.”