Rise of global protectionism not a grave threat, say experts 

Investors are worried over President’s Donald Trump’s ‘Make in America’ rhetoric, UK Prime Minster Theresa May’s Brexit stance and Indian Prime Minister Narendra Modi’s demonetisation drive. However, the rise of global protectionism is not a grave threat to the growth of markets in 2017, according to market experts.In the recent months, there have been concerns over instances of disruptive leadership seen globally, from the US to the UK. Investors are worried over President’s Donald Trump’s ‘Make in America’ rhetoric, UK Prime Minster Theresa May’s Brexit stance and Indian Prime Minister Narendra Modi’s demonetisation drive. However, the rise of global protectionism is not a grave threat to the growth of markets in 2017, according to market experts.

To that extent, Singhania said that domestic equity schemes may fetch USD 1 billion monthly flows going ahead.Meanwhile, Fidelity Management’s Sam Polyak said investors can look at PSU bank stocks as they are trading at significant discounts. He said he is bullish on domestic-oriented stocks, cement stocks, two-wheeler companies and advised caution against consumer companies as they are expensive.Vazirani added that oil marketing companies make a great bet in the current times, but he was apprehensive about private investment pick-up in India in the near term. He added that earnings for the next two quarters may not be in line with expectations.Further, if financial penetration continues in the country,  banks can be a good theme to bet on he said.Edelweiss’ Khemani, contrary to Polyak’s views, said the consumption sector continues to remain strong and infrastructure companies can benefit in 2017

 

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