Amit Sureka

Senior Fund Manager - Equities with Max Life Insurance

[Amit Sureka @surekaamit]

Kospi declined 6% on Friday. Briefly touchedall time high intraday. FII net sold almost $3.7 bn in a single day . Retail purchased heavily.
While it is early days, usually peaks are made in such fashion only . FIIs selling Korea is positive for Indian markets in times to come

[Amit Sureka @surekaamit]

@mybmc By when can we expect the water supply problem be solved…

[Amit Sureka @surekaamit]

@MTPHereToHelp Traffic below Santacruz flyover on Western Express Highway completely stopped for more than 45 minutes… on a week day during evening rush hours , this is the harassment being given

[Amit Sureka @surekaamit]

Indian markets interestingly poised currently. Trade off between long term attractiveness and short term high valuations.

[Amit Sureka @surekaamit]

@theMihirV Congratulations… this is great

[Amit Sureka @surekaamit]

S&P 500 registered seventh straight week of positive close..longest winning streak since 2017.. while Fed dovish commentary came this week..markets have uncanning ability to start moving beforehand

[Amit Sureka @surekaamit]

@ParomaSpeaks @RevolutApp Congratulations...

[Amit Sureka @surekaamit]

@theMihirV Well said..

[Mihir Vora @theMihirV]

“ I don't think I have seen such long-term bullishness on India from a group (global investors) this sophisticated. It augurs well for longer-term capital flows into the country. Every correction will see money being put to work (flows to India) ”

- Akash Prakash of Amansa Capital

[Mihir Vora @theMihirV]

Passenger vehicle (Cars + UV utility vehicles) sales have seen a significant change in customer preferences. UVs have seen huge growth and the share is up from 26% to 52%

(sales numbers in lakhs)

Year Cars UV Total %Car %UV
————————————————-
2015 18.8 6.4 25.2 74 26
2022 14.6 15.9 30.5 48 52

So in 7 years:

Cars sales : -22%
UV sales : +150%
Total Car+UV: +21% (3% annualised)

source: Kotak Research

[Mihir Vora @theMihirV]

Max Life Insurance's Mihir Vora's Market Outlook And Top Stock & Sectora... https://t.co/6Fvo2OroIt via @YouTube

[Mihir Vora @theMihirV]

563 bank failures in the US since 2001

Source: https://t.co/tmIH3m81X5

[Amit Sureka @surekaamit]

@avnishanand Congrats Avnish...

[Amit Sureka @surekaamit]

@Vinay_Paharia @PGIM_IndiaMF Congratulations Vinay..

[Amit Sureka @surekaamit]

@avnishanand Kudos for being able to read so many books .....

[Amit Sureka @surekaamit]

@avnishanand This is cool ...

[Amit Sureka @surekaamit]

@theMihirV True statement...

[Mihir Vora @theMihirV]

Estimates of the profits for Nifty companies for this financial year (ending March ‘23) have reduced by 5% over the last few months

Globally-linked sectors like metals, energy, IT have seen more reductions while most domestic consumption-linked segments & banks are doing better