Here are brokerage firms' views on how to
trade market and which stocks to pick in 2017.
Citi
·
Improving
visibility of India earnings post demonetisation could lead to a bright spot in
H1CY17 for Indian equities.
·
Key events to
watch out in CY17 are: progress on GST, timing of earnings normalisation and
inflation trajectory and rates.
·
Stock pick
strategy (a) Lower weight on financials slightly; add Shriram Transport
Finance (SHTF) post 35 percent correction from high; (b) add Hero Moto post
recent upgrade (c) reduce underweight to IT services marginally given dollar
appreciation
Bank of America Merrill Lynch
·
Indian equity can
match beat bonds
·
December-end
Sensex target of 29000
·
Lower stock prices
offer increased margin of safety.
·
Market earnings
growth should improve
·
Stock pick
strategy - Prefer banks, rural plays (two-wheeler and tractors), large caps
(midcaps expensive)
Morgan Stanley
·
Equity markets
looking attractive and poised for double digit returns in 2017
·
Equities likely to
deliver 15 percent returns in rupee terms in 2017
·
Growth is in a
U-shaped recovery albeit hurt in the near term by demonetisation
·
Stock pick
strategy - Underweight defensives, buy rate sensitives Add JSW Steel , Shriram
City Union Finance and Sun Pharma
·
Base case for
December 2017 Sensex is target 30000
JP Morgan
·
Earnings growth is
expected to be 16 percent for FY17 and 21 percent for FY18
·
See better rural
as well as urban demand
·
Expect 25-50 basis
points rate cuts by RBI over next 6-9 months
·
Top Picks – HDFC
Bank , YES BANK , M&M ,
Vedanta and DLF Stocks to avoid – Bharti Airtel
, ONGC and BHEL
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income from stock trading and investing call us on 9510077089 for discussion,
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