June quarter earnings to determine market direction, says Sunil Subramaniam, warns on risks in near term
Market expert Sunil Subramaniam has advised caution due to geopolitical uncertainty and rising input costs, while identifying consumer durables, capital goods, and public sector banks as favored sectors. He expects elevated volatility in coming months, with Q1 earnings, crude oil prices, and RBI policy decisions serving as key determinants of market direction.
According to reports, Sunil Subramaniam has cautioned investors about near-term risks facing Indian markets, citing geopolitical tensions and elevated input costs as primary concerns. The market expert indicated that June quarter earnings will play a crucial role in determining the trajectory of equity indices. Subramaniam expressed preference for selective sectors, specifically highlighting consumer durables, capital goods, and public sector banks (PSBs) as areas offering potential opportunities despite the challenging environment. The commentary suggests these segments may demonstrate resilience or growth despite macroeconomic headwinds.
Subramaniam's assessment points to multiple factors that will influence market sentiment and direction in the near term. He identified crude oil price movements, Reserve Bank of India policy decisions, and Q1 earnings results as key variables traders should monitor closely. The emphasis on elevated volatility reflects broader market uncertainty driven by external geopolitical factors and domestic inflationary pressures from rising input costs. For traders and investors, this outlook underscores the importance of sector rotation strategies and selective positioning ahead of earnings season. The focus on PSBs and capital goods suggests confidence in sectors that may benefit from domestic economic cycles and policy support, while consumer durables could appeal to those betting on household consumption resilience despite cost pressures.
Source: Markets-Economic Times
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