Long & Short of Markets: Nilesh Shah’s 3-point formula to become rich; Where’s Nifty headed?

Mantra to get rich

In this column, star fund manager Nilesh Shah lists out his 3-point formula to become rich. From an asset class perspective, this is neither the time to be overweight equity nor the time to be underweight equity, he says, asking investors to follow a disciplined asset allocation model.
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Earnings outlook in driver’s seat

With markets at its peak, a narrowing bull run is always a threat to watch out for. But Dalal Street veteran Vinit Sambre assures that this is a broad-based fundamental rally driven by earnings. There will be opportunities across the board and investors need to exercise patience to see returns, he says.
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Value play

Riding a strong capex upcycle and demand boost, cyclicals such as metals and commodities have had a stellar rally in the past few quarters. Relatively, it’s the defensive pack – pharma and healthcare – which has been a laggard in terms of valuations, opines market expert Nimish Shah.
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Telecom sector’s ‘too big to fail’ moment?

Telecom giant Vodafone Idea’s inability to service its humongous debt due to constant quarterly losses and failure to secure external fundraising has led to analysts seeing a real risk of default unless the government steps in to sustain the market structure. One of the biggest blows to the company is coming from a fall in subscribers and revenue which is hurting the company’s bottomline disproportionately due to the high fixed cost nature of the business.
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Nifty to be back at 15K?

Besides looming taper talks in the US, falling consensus EPS estimates, tepid IPO debuts are also signalling negative sentiments in the market, says BofA Securities. Past bull and bear rallies suggest a typical run of about 75 weeks, providing an average 106 per cent return. After such rallies, BofA Securities says, markets typically correct about 30 per cent over a four-month period.
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