Why unravelling of the Trump agenda could lead to significant correction in global and Indian stock markets.
FundooMoney Website: www.fundoomoney.com
Sunil Kewalramani Links
Edited Highlights
1:25 On August 18, Indian stock markets reacted in a big way to the resignation of Vishal Sikka, CEO, Infosys. What can we expect next week?
2:01 Vishal Sikka's resignation was on the cards. The board and the founders didn't see eye to eye on almost everything
2:11 Sikka was brought to turnaround Infosys in many ways
2:21 I don't think Infosys was heading the right way. Most of the changes were in areas like enhancing employee compensation
2:33 What was being expected was a product that would help Infosys leapfrog ahead
2:46 Especially in the world of artificial intelligence and cloud computing
2:51 There were some attempts made but they were not
commensurate with the compensation being paid to these people
3:05 I still feel Nifty is at a very high level and it is not justified
3:09 I think we should expect a very good amount of selling in the coming week
3:35 The GST implementation has become unnecessarily complex and needs to be fixed
4:16 You will see hiccups coming in due course in the implementation of GST
4:27 The Trump agenda in the US is falling apart
4:33 Many CEOs have resigned from his business councils and a political crisis is in the making
4:42 This will have a bearing on the global stock markets
4:54 The global stock market rally was predicated on the assumption that Trump will be able to reflate the US economy
5:07 If Trump's agenda doesn't work out in the absence of political support, the global stock market rally will get into trouble
5:26 This week some good liquidation would be possible
6:16 This is a good time to book profit if you have some underperforming stocks or stocks that have run their course
