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Since the Modi government came to power in 2014, it was only in the financial year 2019-20 that it failed to achieve the revised CPSE disinvestment target of Rs 65,000 crore. The mop-up during the year was only Rs 50,304 crore.

​We will see the outcome of state elections on March 10. The hard fought election, if results in losses for the ruling party in key states, may have a negative bearing on the market. Analysts believe it will have a limited impact.

“We are trying to find companies in a sector where earnings are going to be downgraded. One usually gets one downgrade by an analyst and then it is followed by other people downgrading a little bit more and so on. Just wait until the analysts are going to finish the downgrades and that is probably the time to buy. ”

“The bull market started in 2009, 12-13 years ago. In my view, we have to be near the end of the bull market. I am not selling short yet but we have to be near the end of the base, never gone up this much in history. Stocks are expensive now and interest rates are the lowest in history. Interest rates will go higher, inflation will go higher and usually lead to a bear market, It is going to be very bad for things that have been hot. I would not buy Apple at all now.”

“This is not a very good macro set up and not just for the reasons that I have mentioned for the last five-six months, The shock is that suddenly crude is deviating dramatically from its trend line. Now we have been served a $60-70 billion bill by the rest of the world in the form of higher crude prices, higher fertiliser prices, coal prices and so on and so forth. Who is going to foot the bill? It is not going to be a good deal for both bond markets and equity markets.”

The passenger vehicle segment is already going through a shortage. We are seeing a lot of waiting periods and every company has at least two or three models, which are seeing waiting periods of more than six months, he said.

There is a transition, which has started lately, of going electric. What we are seeing is what I call a "very thinning of the model range" at manufacturer levels, he said.

​I did a dipstick survey at the ACMA executive committee to find out how ready they are and found that 60 per cent of the companies said that they are already ready with technology or they have a tie up with an international player to be a part of the EV value chain, he said.

While, the BSE will provide the capacity building and soft support to small and medium enterprises (SMEs) in Tamil Nadu for fulfilling listing requirements.

Applying the basic tenet of technical analysis, any support that is once violated becomes a resistance. In this context, the 50-week MA may pose minor resistance to the markets when it tries to pull back.