Interviews

Talking about the larger impact of the Mallya case, she said there has been a material change in the attitude of promoters.

Globally there has been much fear in the run up to the first rate hike by the US Fed in a decade, he said. Liquidity concerns have made people sell in most of emerging markets and currencies due to which there were lot of short built ups in the markets, said Mr Bhasin.

Despite many analysts still predicting 16 per cent growth in the second half of the current financial year, the markets are unlikely to go up in a big way, he said.

As long as the passage of the GST is not delayed beyond the next session of the Parliament which is the Budget Session, the sentiment is unlikely to turn negative, Mr Chinoy opined.

The US dollar, which has been strengthening on the back of a rate hike expectation in December, may weaken against emerging market currencies in 2016, he said.

Dr. Lal PathLabs, which had 171 clinical laboratories, 1,554 patient service centres and over 7,000 pick-up points as of September 30, 2015, is a debt free company and it has internal accruals of Rs 235 crore. Dr. Manchanda believes that its internal accruals are sufficient to support future expansion.

Kolkata-based Mr Maheshwari, who made his fortune from stocks like Page Industries, says broader markets are neither going to go up too much nor fall a lot from current levels (7,856) because of the absence of earnings growth.

According to UBS, the media sector provides good opportunity for foreign investors as it has got large number of consumers. "Increase in ad revenues for distributors may be exiting for foreign investors," added Mr Mahadevan.

While the long-term prospects are positive, in the short-term there have been and there will be challenges, he said.

The fund manager said cement companies are operating at lower capacity utilisation, so as and when the demand picks up they will be able to meet demand and the operating leverage will play-in to improve their earnings.

The earnings season that has already kicked off, is likely to end weak as is widely believed and that will have a telling on the markets- pulling them down, he said.

The market will also be closely watching what the government at the centre does post the election results irrespective of who wins, Mr Mukherjea said.

TCS's dollar revenue increased by 3 per cent in sequential terms compared to analysts' expectations of 3.6 per cent, while in constant currency terms it rose 3.9 per cent against expectations of 4.3 per cent.

Madhusudan Kela, chief investment strategist, Reliance Capital Asset Management Company believes that theories that Indian markets are by and large insulated from global volatility are completely untrue, at least in the short term.

From 1979 till date, the Sensex has doubled 8 times and investors' wealth during this period of 36 years has multiplied 280 times, he said.