Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Ashwini Agarwal prefers private banks and FMCG, cautious on IT and metals
Ashwini Agarwal, Founder & Partner at Demeter Advisors, advised a stock-specific approach within FMCG, stayed constructive on pharmaceutical innovation, cautioned against long-term calls on metals due to commodity uncertainty, and said AI has made him reluctant to invest in IT despite attractive valuations.
Demeter Advisors' Ashwini Agarwal sees opportunity in private banks, FMCG, avoids AI & defence bets
Ashwini Agarwal, Founder & Partner, Demeter Advisors, said the Indian market currently favours bottom-up stock selection over sector-wide bets. He remains positive on private banks, FMCG and selectively on IT services due to valuation comfort and earnings visibility, while avoiding expensive AI, defence and metal plays. Agarwal also said India’s ongoing trade agreements could support exports and growth over the medium term.
Oil may hit $180, market can fall 10% if Strait of Hormuz stays shut for 10 more days: Demeter
Ashwini Agarwal, Founder & Partner at Demeter Advisors, told CNBC-TV18 that if the Strait of Hormuz remains shut for another 10 days, crude oil prices could surge to around $180 per barrel and global markets, including India, may fall about 10%. He said this is a low-probability scenario but investors should remain mentally prepared for such risks as tensions in West Asia continue to impact global energy supply and financial markets. Once tensions ease, financial stocks could lead the market recovery as they have been among the hardest hit but are less directly affected by the Middle East conflict.