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Market expert explained that gold and silver are usually considered when there is fear of a big market collapse.
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00:00Well good afternoon and welcome to market closing on our brand new collaboration between Business
00:05Today and India Today Television. It's been a day packed with action on Dalal Street from global
00:09market queues and policy signals to earnings, sector trends and stock specific moves as well.
00:15We are here to bring you the full picture of how the markets performed and what it means for your
00:21money. So stay tuned as we break down the Sensex, the Nifty and the stories shaping tomorrow's trade
00:27and don't miss the market opening show tomorrow as well at 9am with Abha Bakaya giving you the first
00:34word on everything that will move the markets. Let's first take a look at what's really hot in
00:40the corporate and the financial space. After a choppy start, markets rebound to trade near the
00:50day's high point. Nifty up by 100 points at 24,700 odd marks. Sensex rises 300 points to 80,400 as
00:57metal stocks shine with autos, pharma and also reading the daddy.
01:10The 56 GST Council meeting is now underway in New Delhi, chaired by Finance Minister Nirmala Sitaraman.
01:18In an India Today exclusive, Pratik Chen from PwC India hints rates could drop early,
01:23offering consumers relief on daily essentials.
01:36Maruti Suzuki has launched its new SUV, Victorious. The company plans to roll out two more SUVs in F526.
01:44Victorious comes with six airbags, a five-star safety rating and an underbody CNG tank and will be
01:50offered in petrol, CNG and strong hybrid variants as well. Maruti also plans to export Victorious to
01:57over a hundred countries.
02:02After Swiggy has raised its platform fee to 14 rupees, it is Zomato that has hiked its fee to 12 rupees now,
02:09right ahead of the festive season and the Asia Cup, aiming to boost profitability.
02:13After powering GDP growths to a five-quarter high of 7.8%, India's services sector has now
02:25soared to a 15-year peak in August on the back of strong demand.
02:29Let's head straight to the market queues. And in the last 20 minutes of trade, well,
02:44the Nifty is currently hovering above the 24,700-odd mark. Near the day's high point,
02:49you can actually see a half-watt percent uptick that's coming in. Support is coming in from all
02:53the sectors, barring the IT sector at least for now. Metals are shining the brightest with 3% gains
02:59coming in. Also, when we look at the pharma stocks, they are also rallying pretty much sharply over a
03:05percent gains coming in for the Nifty Pharma Index as well. Even within the banks, the banks that are
03:11owned by the state, the government, those are the PSU banks that are rallying in trade today.
03:15Almost 1% of gains coming in from the PSU banks as well. Let's talk about the broader markets,
03:20the mid-caps and the small-cap stocks. Those are the ones, the indices that are also outperforming
03:26at least for now with 0.8, 0.7% gains coming in from there as well. The banks that were so far
03:31lagging in the first half of trade have actually pushed up the markets in the recovery zone as well.
03:36Look at the private banks, look at the financial services. These are all the sectors that are buzzing.
03:41Let's talk about the top gainers on the Nifty in the last half an hour of trade. You see Tata Steel,
03:46Hindalco, JSW Steel, all the three counters from the metal space that's shining bright.
03:52Also, Kohl India for that matter from the PSU space. We also have Indusin Bank from the private
03:57banking space that's higher in trade. But what is lagging behind in this market?
04:02IT stocks are clearly declining in trade. Infosys is the top loser, 1.3% lower in trade.
04:09Pack with it, even TCS that's down by about 0.5%.
04:12Even the fast-moving consumer goods companies, all of those companies that sell you daily
04:18essentials, the names like Nestle, HUL, that's Hindustan Unilever, that's also down in trade.
04:23So those are the stocks that are declining. But let's also see on the futures and options side,
04:29you have Piramal Pharma, on Tata Steel, all of these stocks are also buzzing a lot in trade.
04:34But the top movers from the Nifty 500 basket, you will spot a lot of names there as well,
04:40including Ola Electric, that's been consistently seeing the moves and is another 9% up in trade today.
04:46Let's now go across to our guest now, Mr. Sharad Avassi, the head of research at Smiths,
04:51joining in to share with us what is next for the stock markets ahead.
04:55Warm welcome, good afternoon to you. Sharad, thank you so much for taking the time out.
04:59I want to first understand from you how are you looking at the markets. We did get some support
05:04from the GDP numbers that came in on Friday evening. That pushed up the Nifty higher all
05:09across this week. There was some slippage yesterday. We gave up some of gains. But yet again,
05:14we are now looking at domestic use. After GDP, it's the GSD council that's going to be sharing
05:19with us some fueling of support as far as the market sentiment is concerned. How are you looking
05:25at the markets? What's next?
05:28Yeah, I think these are the two big cues that you're looking at. There were some concerns,
05:33you know, regarding how the GDP numbers would pan out. But I think they were better than expectation
05:39and no one was expecting such a sharp pullback. So I think that's been one positive. And beyond
05:44that, I think now this GST rejig is something that should have, that had to happen sometime.
05:50And I think the whole objective of having GST was to have a lesser number of rate brackets.
05:56And in the initial phases, the government has gone ahead and helped the states to overcome
06:01the challenges there. But now this, this space needs to be broadened. And we need to have a much
06:07simpler structure. That was the whole objective of having GST. So in case they can pull it through
06:12with less of opposition from the states, I think, and with them being less demanding regarding,
06:17you know, covering up for the losses that they incur. I think that it would be a very
06:22boom thing for the markets.
06:25Absolutely. So Sharad, also help us understand at the time when the markets are recovering,
06:30we are also seeing the other asset classes like gold and silver for that matter,
06:34also hovering at record high levels. How are you advising your clients to invest at this moment?
06:39Should they invest with the equities at this point? Is there more room for there to grow?
06:43Or do you think even at record high levels, one should invest in gold and silver?
06:50See, particularly with gold and silver, we largely have a strategy where we want to only invest into
06:56these precious metals when we think that the markets can collapse big time. And I don't think
07:01that the markets have a very big collapse in the near future. So in that case, we would not like,
07:07we would not want to speculate, you know, on gold and silver prices, because
07:11unless and until there is very big global uncertainty, I don't think they are going to rally
07:16further. Though the environment over the last one, one and a half years has been very conducive for
07:22gold prices. You have doubts about the dollar, you have a lot of central bank demand also. And then it
07:28is followed up by speculative backup. So I think all that is playing out very well for gold. Globally,
07:33we have had uncertainty regarding a lot of issues. But if you are an equity investor, I think the
07:39larger strategy that we follow is, you know, to largely be bent towards equities only, we don't
07:44think these are sky high or peak valuations. So I have probability that most of our equity would
07:50outperform over the next 6 to 12 months. So stay in equity once we develop a stage where we think,
07:55you know, that maybe equities cannot go up further or may correct substantially. That is the time to
08:00switch to gold. Right. So 6 to 12 months, it could be stocks or stock markets, equities that could
08:06outperform gold or silver. But let's try and understand now with respect to GST, 19 days after
08:11Prime Minister Narendra Modi's Independence Day promise of a festive season bonanza, speculation is
08:17rife that the GST council could push for an early rollout of the rate cuts, possibly from September 5th
08:23onwards. Here's more on that.
08:30Prime Minister Narendra Modi minister Narendra Modi.
08:34White Minister President Narendra Modi
08:5319 days after the Prime Minister's Independence Day promise of a festive season bonanza for
09:04India's middle class, the GST council is meeting to finalise the contours of this windfall.
09:14While consumers are eyeing the goodies they may soon get, economists are weighing the
09:19festive season boost these tax cuts could deliver to the economy.
09:23Now, Business Today TV has learnt that the centre and states may work to ensure that the
09:28benefits of the expected rate cuts are passed on immediately.
09:32I think, look, this will happen soon.
09:35Now, whether it will happen on 21st of September, one is also hearing that it could happen midnight
09:41on September 5th itself.
09:43That, of course, the council will decide.
09:46But it's very clear that it will happen within the next few days.
09:50In, let's say, next 10 days or so is expected.
09:55And I will not rule out the possibility of it happening from midnight on September 5th as well.
10:01The buzz around rate cuts is unmistakable.
10:05But industry voices and economists caution that anticipation itself could delay purchases,
10:11especially in the run-up to the festive season, stalling sales before the benefits materialise.
10:17There are already reports of buyers postponing decisions, particularly for big-ticket items,
10:23waiting for lower GST rates to kick in and bring savings.
10:28Sources indicate GST on small cars and two-wheelers with engine capacity up to 350cc could be slashed
10:35by 10%.
10:36Air conditioners and televisions are also expected to get cheaper.
10:40A reduction in GST on cement could ease construction costs during the festive period.
10:45Several other products, from fertilisers and pesticides to packaged dairy, textiles and footwear,
10:52may also see cuts.
10:54Everyday FMCG products, too, are reported to be under consideration.
11:00Now what we're hearing is that even a lot of FMCG items under 18% could also come down to 5%.
11:10And that could mean toothpaste and shampoo and, you know, sort of hair oil and so on.
11:16And that's really the big one, right?
11:18I mean, for the common man.
11:20So, it seems like we are heading for a big bonanza for at least you and me.
11:26Meanwhile, a State Bank of India research report demolishes the belief that states will lose
11:31revenue under the new GST regime.
11:34The report projects states will remain net gainers with GST revenues, including devolution,
11:40estimated at over Rs 14.10 lakh crore this fiscal.
11:45While there may be an immediate dip of 3-4% in month-on-month collections,
11:50revenues are expected to rebound, sustaining 5-6% growth each month.
11:56The new GST regime, officials say, will also broaden the tax base,
12:00simplifying compliance, cutting red tape and encouraging greater voluntary participation.
12:06And let's straight away go across to my colleague Karishma Sudhani now,
12:15who's been getting us all those scoop and exclusives from the GST Council
12:19and what are the big expectations there.
12:21Karishma, high graph known the beginning of the GST Council meeting since morning.
12:27What are the discussions that have taken place so far?
12:29And what we want to understand is whether states are actually coming together with consensus
12:34on some rate cuts now.
12:35Good afternoon, Sakshi.
12:39To begin with, I'd like to definitely address the fact that Andhra Pradesh Finance Minister,
12:44before entering the meeting, had shared that most states,
12:48in all likelihood there has been a consensus since their GOM meeting
12:52on the fact that they support Centered's proposal on rate rationalization.
12:56Now, it's a two-day meeting and definitely we are expecting
13:01there is going to be a smooth transition of approach in these discussions.
13:06Sources have hinted that currently discussions are underway
13:10on studying the rate rationalization structure,
13:12which has to be the key crux of the meeting of two days,
13:16which would bring down the whole GST regime to just two rates of 5 and 18 percent
13:22and with a special rate of 40 percent.
13:25Two big challenges definitely which could likely be introduced by today,
13:29again discussed in the meeting,
13:31would be on the revenue deficit that the states will suffer because of this
13:36and if the center has thought of a method of how they are going to
13:43convert that revenue deficit into some kind of bearing.
13:49And secondly,
13:50states' proposal of putting an additional levy on certain thin goods,
13:55which will also be taxed 40 percent,
13:57plus if there could be an additional charge.
14:00I think as time passes,
14:01we'll be able to pick up more information
14:04on what approvals and consensus has come from the members.
14:09Absolutely, Karishma, keep an eye out on that.
14:11We'll continue to get more updates from you,
14:13so thank you so much for keeping one eye out on
14:15as to what are the developments coming in from the GST Council meeting.
14:19Let's go across to Sharadji, who's been standing by with us.
14:22Sharadji, what sectors are you really looking at with respect to GST?
14:27That's one of the key questions that's also being asked by our viewer as well,
14:31Rahul Sharma from Bhopal,
14:33who wants to know which are the sectors that he should be now looking at
14:36to benefit from the GST rejig that's going to be coming in now.
14:40Yeah, I think autos, both two-wheelers and four-wheelers,
14:45they should be benefiting out of this.
14:47If you look at the numbers that have come in even for last month,
14:51I think in spite of the fact that the announcement came in on 15th August,
14:55I think even prior to that, the earlier expectation that we had,
14:58you know, that because of the tax cuts, etc, there could be a rise.
15:01So I think that has played out very well.
15:03So I think two-wheelers have shown the first round of traction.
15:06I think four-wheelers, commercial vehicles across the board,
15:09but largely, you know, the passenger vehicle and two-wheeler space
15:13should show very good improvement.
15:15Consumer durables across the board should show very good improvement.
15:19I think the air conditioner companies could be one good place to bet on.
15:23Maybe you would have to extend your horizon beyond three to six months,
15:28but that should play out very well.
15:30We have seen a decent bit of correction there.
15:32So I think across consumer durables
15:34and, you know, auto, two-wheelers and passenger vehicles,
15:37that space looks very good.
15:39Okay.
15:40So those are the sectors that look very good.
15:42But on the flip side,
15:43there's also an expectation of,
15:45you know, higher taxes on sin goods
15:48and also extreme luxury at that matter.
15:50Karishmar was just talking about some of the sectors
15:52that could attract a 40%
15:54and probably an additional surcharge as well.
15:56So we'll have to look at what are the final decisions.
15:58But so far,
15:59what we're given to understand
16:00is that tobacco could be taxed heavily as well.
16:03You know, right now with a 28% plus a cess,
16:06there could be an uptick to 40%.
16:08So I want to understand
16:09what about the tobacco sector that you're looking at?
16:12Companies like ITC,
16:14which draw their major revenues from cigarettes for that matter.
16:18Names like Golden Tobacco, Godfrey Phillips.
16:20How are you looking at these stocks,
16:22especially for ITC?
16:23Last two years,
16:24we've not seen too much of a return coming in
16:26for the investors at large.
16:27And when there is a GST taxation shift
16:30and that too on a higher end of 40% or so,
16:33what could be the impact on such tobacco companies?
16:36So actually the first thing is,
16:38you know,
16:39that these companies usually have not been impacted
16:42by high tax rates.
16:43The consumption is in such a mindset actually
16:45that high tax rates don't really deter consumption.
16:48Maybe you don't,
16:50maybe you have a lot of issues
16:51in terms of, you know,
16:52the unregulated market going up
16:54and eating up a bit of your share.
16:56But I think in the current scenario,
16:58that also leaves you very little risk.
17:01And with the type of per capita income rise,
17:03et cetera,
17:04and urbanization we are talking about,
17:05I don't think there will be a material impact
17:07even if the tax rates are higher
17:09for cigarette companies.
17:10Not on the demand side,
17:12but certainly in terms of stock prices,
17:14you know,
17:15on the sentiment side,
17:16there could be some short term impact
17:18on tobacco companies.
17:19But long term,
17:20I don't think that,
17:21you know,
17:22demand wise,
17:22there will be any material impact
17:24because of high taxes.
17:25And,
17:26yeah,
17:27I think that's it.
17:28In terms of ITC,
17:29yeah,
17:30last one and a half,
17:31two years,
17:31not much has happened.
17:32The hotel de-merger,
17:33et cetera,
17:34all that has happened.
17:35But I think,
17:36yeah,
17:37it's a diversified play.
17:38I would largely focus on the FMCG improvement
17:40that the company can clock in.
17:41And the cigarette business,
17:43you know,
17:43could be the staple diet for them
17:45that would carry them forward.
17:46A fresh trigger should come in from the FMCG business,
17:49the way the company has been expanding.
17:51And if on that valuation front you look at,
17:54I think ITC probably is the chiefest FMCG stock
17:57that you can look at.
17:58So,
17:59there might be some more room for ITC to grow.
18:01In case you get this 40% tax
18:03and there is some correction of 5 to 10%,
18:06that should be a decent place to add on to ITC.
18:09Sure.
18:10All right.
18:11You know,
18:12what we'll do is,
18:13we'll try and understand this a little deeper
18:15on the impact of especially the US tariffs now
18:18and the proposed GST rejig.
18:20We've also seen Heritage Foods Executive Director,
18:23Brahmani Nara,
18:24who says that dairy sector remains largely unaffected
18:27from the 50% duty of tariffs
18:30that the US has imposed on Indian imports also.
18:33When we talk about the lower GST rates,
18:36that's likely to boost affordability,
18:38also increase volumes
18:40and also enhance the ease of doing business.
18:42Let's listen in to that exclusive.
18:46How does this 50% punitive tariff by the United States
18:50impact your sector and your company, if at all?
18:53We believe that the dairy industry is largely unaffected
18:57at this point in time by any of these tariffs.
19:01Our Honorable Prime Minister has made it very clear
19:06and he's been very firm that he is here to protect
19:09the agrarian community in India,
19:12more specifically the Pasha Pasha or the dairy farmers in India.
19:17We are talking at a time when the Center State GST Council
19:22is considering very significant changes to the GST rate
19:27as well as process architecture.
19:31And I wonder if you had any thoughts about the sector
19:33that you represent from a GST perspective.
19:36I think considering that most foods are assumed
19:40to fall under the 5% tax rate,
19:43I think it's certainly a welcome move.
19:45It gives a boost to essential consumerism within India
19:49while the economy is growing really well.
19:51I think consumer growth has fallen a tad behind.
19:57So I think this is great.
19:58And especially for dairy, it's amazing.
20:02It's a welcome move because it makes more nutritious products
20:07more affordable and accessible to the consumer across the country,
20:11especially products such as ghee,
20:14which are taxed at a much higher rate.
20:17And, you know, a lot of consumers as a result of the high value
20:21of the item are using cheaper alternatives for cooking or consumption.
20:25So it's a welcome move by us.
20:27And I think it's great for the company as well
20:29because volumes increase and our overheads in a low-margin business
20:33get better absorbed.
20:35And also our ease of doing business and the complexity of our accounting
20:40and other activities become better,
20:43which is to rates of GST being available.
20:46Absolutely.
20:47Sharadji, coming back to you,
20:49you know, when we talk about this entire issue of U.S. tariffs,
20:53there still needs to be some understanding
20:55that whether this 50% tariff is going to be staying
20:59till the fiscal year end or the year end
21:02or is there going to be some kind of a breakthrough?
21:04Of course, we've been looking at some statements
21:07coming in from the Commerce Ministry.
21:09Yush Koyal has also indicated
21:11that a trade deal could probably take place by November.
21:14So that's the hope that we are still hovering on as well.
21:17But when we talk about, you know,
21:19the kind of statements that are coming in from the U.S.,
21:22so far it looks that they are not ready to blink the eye.
21:25We've seen some statements that are coming in from
21:27Mr. Donald Trump's Peter Navarro advisor
21:30who's been, you know, talking about tweeting a lot
21:33and has been talking about how, you know,
21:36tariffs will be here to stay
21:38and, you know, he's been speaking against India quite a bit.
21:42Now, off late, in the recent tweets that he has done,
21:45he's in fact retweeted somebody else's post as well,
21:49Jack Posso's tweet where he has suggested
21:53that tariffs on even foreign remote workers
21:56should be in place.
21:57So far, we understand that the services
21:59had been out of the realm
22:01and that could also be probably the reason
22:03why IT sector is also under pressure
22:05because despite the fact that Rupee is on a,
22:08you know, all-time low level
22:09which would have otherwise supported the IT sentiments,
22:12the sector is actually down in trade today.
22:14How are you looking at such statements
22:16that are coming in from the U.S.?
22:19Yeah, I think certainly very negative
22:21and I think global statesmanship
22:23certainly has taken a backseat
22:25if you look at the way
22:26the responses have come out of U.S.
22:28I think it's more been a Twitter
22:31and social media kind of, you know, face-off basically.
22:35Thankfully, it has not participated in it
22:37and I think it's not very, you know,
22:41not shows or does not show a lot of wisdom
22:44on part of the U.S. the way they are handling it.
22:46But I think the soft signal that India has given
22:49this recent SEO summit, I think they made it very clear,
22:52you know, that the regional blocks are getting it
22:54to getting stronger and stronger.
22:57Though not to debate the fact that U.S. is an important market,
23:01will remain an important market
23:03and we are not sure how much of front-loading has already happened.
23:06I think perishables are something where we might see a lot of problem.
23:10Now, he's even talking about, you know,
23:12bringing farmer into the armpit that he also left out.
23:15So, you're not sure with Trump really what he's going to end up with.
23:19The whole policy seems a bit.
23:20Absolutely.
23:21So, but that's an uncertain thing
23:23and it's certainly not good for either country.
23:26But yeah, I think you can hope sooner than later
23:29that most probably they will come down to the table
23:32and get into some negotiations.
23:34Okay, got that.
23:35One more question that we are getting from one of our viewers,
23:38Sharadji, is with respect to the festival season
23:41and which sectors are looking positive to you in respect to that.
23:44Preeti Singh from Chandigarh has written and asked about
23:48with this festival season ahead,
23:50is the restaurant sector looking more attractive
23:52or is the food delivery sector more promising at this stage?
23:56Now, this is also a very timely question
23:58because just today we've seen how Zomato has hiked the platform fee
24:02to take the benefit of the festive season
24:04on the back of surge in demand.
24:06We're also given to understand,
24:08you know, some of the analysts are already back-calculating
24:11for Zomato, what would this mean?
24:13Just a two rupee hike, viewers, on the platform fee for Zomato
24:17could result in approximately 15 crore rupees,
24:21you know, per month kind of an additional revenue
24:24that could come in.
24:25That could translate to almost 180 to 200 crore rupees
24:29of revenue per annum as well.
24:31So just with two rupee of a platform hike,
24:33that's what the kind of revenue bump up that we could see.
24:36So how would you address this question now?
24:38Restaurants or the food delivery giants?
24:41I think restaurants certainly have not really flared up
24:46the way they should have now with this festive season.
24:49How much of that is going to culminate?
24:51I don't, I'm not sure.
24:52Although long term, I'm very bullish,
24:54I think eating out and going out
24:56is something that should keep going up in a country like India,
24:58the type of long term trajectory that we are looking at.
25:01Yeah.
25:02But maybe, you know, short to medium term,
25:04QSR probably remains your best bet.
25:07But you don't have many that have,
25:09you know, come out with flying colors there.
25:11So I think, yeah, you can continue with these food delivery app.
25:15I think, as you rightly mentioned,
25:16the type of scale advantage that they can get.
25:19Most of the additional top line really translating into bottom line.
25:24So I think that is an advantageous position.
25:27Within Eternal and Swiggy, I think I would still want to go with Swiggy.
25:31I have more valuation comfort there.
25:33So if you want to bet, I think Swiggy is a decent bet to take that place.
25:37Okay, let's quickly look at the market closing then.
25:40It's 3.30, 24,716 is what we have as the closing level on the Nifty.
25:46We've managed to end near the high point of the day after yesterday.
25:49You know, some losses that were seen towards the end of this session.
25:52Today, again, we are back into the green and back above the 24,700 odd mark on the Nifty.
25:57The Nifty Bank has also led this support towards the second half of trading action.
26:01You can actually see the chart, which has started to rally only after 1pm, 1.30pm.
26:07And therefore, you see even the Nifty Bank ending near the day's high point.
26:10In contrast, it's the IT sector that has dragged today.
26:140.6 to 0.7% lower in trade.
26:16The only sector that has ended in the red today.
26:19Barring that, all the other sectors managed to pull up.
26:22The top moving sector today was the metals.
26:25The companies like Tata Steel, JSW Steel, even Jindal Steel and Power,
26:31Hindalco, Coal India, all of these metal companies were seen rising to the day's high point,
26:36which has pushed up the Nifty Metals index to 3% high in trade.
26:40Pharma companies were also higher in trade, about 1% higher.
26:44So names like Sipla were moving up.
26:46Piramal Pharma was moving up in trade as well.
26:49So those were some of the companies that shown bright in trade today again.
26:52PSU banks, that's the government owned PSU banks.
26:55Those were the ones that were also moving up in trade.
26:58Some consumer durables.
26:59Remember, we are talking a lot about GST.
27:01Tomorrow is when we finally get to see what is the final sampling on the GST rates.
27:07That can also ease some pressure on the white goods.
27:10Remember this festive season, there are a lot of sales happen.
27:13And most of you go out to do your purchases for air conditioners,
27:17refrigerators, for heaters for that matter.
27:20All of those white goods which come under consumer durables
27:23could get some, you know, could see some bump up of sales and volumes
27:27because of the reduced GST rates.
27:29So all of those were up also.
27:31Even the auto stocks were higher in trade.
27:33Maruti Suzuki, look at even two-wheeler stocks like Bajaj Auto or Hero.
27:38Look at even Ola Electric.
27:40All of these stocks were also zooming ahead
27:42because of hopes of higher sales,
27:44of increased volumes in the upcoming festive season
27:47because of the GST rate reduction as well.
27:50Many other companies that continue to pull upward
27:53even the sugar space stocks.
27:55Remember, look at Ola Electric.
27:56It's up by 11.5% almost towards the end of the session within the auto pack.
28:01Sugar space, that's been on the buzz as well
28:03on the back of the ethanol relief that it's got from the last two days.
28:06We've been seeing a lot of buzz as far as the sugar space is also concerned.
28:11So that's how the market has some largely shut shop at.
28:15Let me quickly go across to Sharadji
28:20and ask him to address one more question that we have from our viewers.
28:24This is from one of our viewers
28:26who's asking on a lump sum investment, Pratagya Thakur.
28:30She's from Mumbai and she says,
28:32I have 3 lakh rupees to invest for next one year.
28:34I want to know whether I should opt for a SIP in mutual funds
28:38or should I park my money in gold or an FT?
28:41How would you advise this query as well, sir?
28:45I don't know.
28:46I think if you are capable of handling some drawdowns here and there
28:50which markets can obviously face given the current scenario.
28:53I think go in with a SIP and go into an equity fund only
28:58because gold might have performed very well in the short to medium term here.
29:02But long term, if you look at it, equities obviously perform much better.
29:06So I don't know your risk profile.
29:08So maybe if you have a high risk profile, you can go for small cap, mid cap funds.
29:12And if you have a conservative profile, you're not comfortable with large drawdowns,
29:18then maybe you should go for a large cap fund on an ETF.
29:22And I dare you do it through a SIP of one year.
29:25I think that should be good enough.
29:27All right.
29:28Well, thanks a lot then, Sharadji, for being with us on the program,
29:31helping all our viewers solve their queries and giving us an insight into the markets.
29:34We'll see you soon on Business Today television and on India Today as well.
29:38Well, viewers, you can also send us your mutual fund, asset allocation, markets and commodities queries to us
29:44on the number that's flashing on your screens in case you want to take expert advice on your investments.
29:49And also, don't miss the market opening show tomorrow morning at 9 a.m. with Abha Bakaya,
29:54giving you the first word on everything that will move the markets.
29:58And with that, we wrap up this edition of Business Today show.
30:01But before we go, here's a first look at Maruti Suzuki's brand new SUV Victorious.
30:08We are a first looking at Maruti Suzuki's brand new business.
30:13We have been a last look at Maruti Suzuki's brand new,
30:18and what we do now is a company believes that it will be 111.
30:21We are a good split, but we are a second look at Maruti Suzuki's brand new,
30:26and a former company believes that it will be on the market.
30:29We are a third look at Maruti Suzuki's brand new,
30:34and we are a third look at Maruti Suzuki's brand new on what's going on.
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