Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin Mangal is a Research Analyst with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai. Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial newspapers such as Wall Street Journal, Business Standard etc

Indian Accounting Research Analyst

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Blindfolded Bulls will continue to reign and bears shall be confined to prolonged hibernation? Or will it be an evenly matched fight for honors among these two stock market beasts? The year 2017 market marquee weighs heavily towards the bulls. But, the macroeconomic ecosystem coupled with a delicate balance of its ingredients does not rule out bears’ shadows on the surging market highs.   Touchdown 2017 happened on a very positive note. Extra-ordinary returns meant the smart investors could afford to party harder while entering 2018. The surge also helped the Indian government use it to shield the hard questions heading its way. The Indian stock market not only did manage to splendidly and spectacularly stay afloat but touched new crests amid growing concerns over the macroeconomy. It was indeed commendable that the market seemed altogether in a different universe when it came to the effects of demonetization and Goods and Services Tax (GST) – the two earth-shattering events of modern India.The Eighteenth Year of the 21st Century comes gestated with certain events carrying varying probabilities of their occurrence over the next twelve months. Possible permutations and combinations unleashed by such significant events can trigger a change in the mood of the entire Dalal Street. A few Greenhorn challenges carried forward to this year may evolve into major hurdles and may halt or slow down the Bull Run. This piece is an attempt to see and smell the roses and to look for thorns too so that the investors and policymakers can properly appreciate the reality of rosy picture of the Indian economy.We feel that four major themes will dominantly play in the year 2018. Therefore, companies with the rural focus, infrastructure, low debt and less sensitive to currency rates are expected to come out with flying colors in what promises to be a year of a rollercoaster ride for the markets.

Blindfolded Bulls will continue to reign and bears shall be confined to prolonged hibernation? Or will it be an evenly matched fight for honors among these two stock market beasts? The year 2017 market marquee weighs heavily towards the bulls. But, the macroeconomic ecosystem coupled with a delicate balance of its ingredients does not rule out bears’ shadows on the surging market highs.   Touchdown 2017 happened on a very positive note. Extra-ordinary returns meant the smart investors could afford to party harder while entering 2018. The surge also helped the Indian government use it to shield the hard questions heading its way. The Indian stock market not only did manage to splendidly and spectacularly stay afloat but touched new crests amid growing concerns over the macroeconomy. It was indeed commendable that the market seemed altogether in a different universe when it came to the effects of demonetization and Goods and Services Tax (GST) – the two earth-shattering events of modern India.The Eighteenth Year of the 21st Century comes gestated with certain events carrying varying probabilities of their occurrence over the next twelve months. Possible permutations and combinations unleashed by such significant events can trigger a change in the mood of the entire Dalal Street. A few Greenhorn challenges carried forward to this year may evolve into major hurdles and may halt or slow down the Bull Run. This piece is an attempt to see and smell the roses and to look for thorns too so that the investors and policymakers can properly appreciate the reality of rosy picture of the Indian economy.We feel that four major themes will dominantly play in the year 2018. Therefore, companies with the rural focus, infrastructure, low debt and less sensitive to currency rates are expected to come out with flying colors in what promises to be a year of a rollercoaster ride for the markets.

Knock off Blindfolds Before Betting on Bulls 'n Bears