Special 
Raamdeo Agrawal, chairman and co-founder , Motilal Oswal; Shankar Sharma, founder, GQuant Investech; Nikhil Kamath, co-founder, True Beacon & Zerodha Business Today will host its first ever Market Summit in Mumbai at St Regis today. The one-day event will see market gurus decoding the trajectory of benchmark and sectoral indices and outlook for the current year.
BT Market Today Summit will see the coming together of top investors, practitioners, policymakers, global experts, business leaders, and other stakeholders from the Indian capital market ecosystem in Mumbai. The summit will explore key trends and challenges that will help the capital market play a bigger role in India's growth, allowing speakers to share their unique experiences and ideas.
The event started with a session by Samir Arora, founder of Helios Capital at 2:00 pm. Arora deliberated upon whether 2023 will be a year of comeback for the market or if the volatility of 2022 will continue this year too.
Other speakers at this event include Nilesh Shah, MD and CEO, Kotak Mahindra AMC, Vijay Chandok, MD and CEO, ICICI Securities, Basant Maheshwari, investor and author of The Thoughful Investor, Dhiraj Reli, MD  and CEO of HDFC Securities, A Balasubramaniun, MD and CEO of Aditya Birla Sunlife AMC and Chairman of AMFI, Sankaran Naren, ED and CIO, ICICI Prudential AMC, Prashant Jain, director and fund manager, 3P Investment  Managers, Sundeep Sikka ED and CEO Nippon Life India AMC, Rajeev Thakkar, CIO and director PPFAS Asset Management, Ridham Desai, MD, Morgan Stanley India, Kenneth Andrade, founder and CIO, Old Bridge Capital, Saurabh Mukherjea, founder and CIO, Marcellus Investment Managers and Devina Mehra, Chairperson and MD, First Global.
Meanwhile, Business Today on Tuesday launched the new Markets Today page on its website www.businesstoday.in.
Meta looks more attractive to me than most Indian tech stories because they are spending a lot on research, says Nikhil Kamath.
Nikhil Kamath, co-founder, True Beacon & Zerodha says they have reduced equity allocation to 37%, increased gold allocation to 15% and rest is debt.
Small-caps will make money because the days of HDFC Bank and Asian Paints are over, says Shankar Sharma.
Investing in small-caps is like entering mafia, easy to enter but impossible to exit, says Shankar Sharma.
Most coveted blue chip stocks of next 1-2 years will be PSU banks because credit cycle is rising, says Raamdeo Agrawal.
Fund managers were sitting on my head to get Zomato stock, which I regret hindsight, says Raamdeo Agrawal.
It's an under-appreciated skill to get bear market right and the next one is away by a few years, says Shankar Sharma.
Active funding will outperform passive funding in next 2-3 years but not long-term, says Nikhil Kamath.
A fund manager can't move money from Asian Paints or DMart to a PSU bank, says Raamdeo Agrawal.
Adani stocks couldn't be held by funds, because no fund manager will be able to justify them to the shareholders if the stocks fell, says Shankar Sharma.
Raamdeo Agrawal, chairman and co-founder , Motilal Oswal; Shankar Sharma, founder, GQuant Investech; Nikhil Kamath, co-founder, True Beacon & Zerodha will talk about chasing Alpha in a VUCA world in the last session of the summit.
Next 1-2 years will be a stock picker's market and the days of post-Covid euphoria are over, says Neil Parag Parikh.
Newer investors haven't seen an elongated bear market and that worries me because the expectations are still high, says Neil Parag Parikh, chairman and CEO, PPFAS AMC.
Diversification played out really well in 2022 when Indian markets performed well while US markets were falling, says Pratik Oswal, head (Passive Funds) at Motilal Oswal AMC.
Neil Parag Parikh, chairman and CEO, PPFAS AMC and Pratik Oswal, head (Passive Funds) at Motilal Oswal AMC will talk about investing beyond Indian horizons.
Oil prices will cool off in 2023, inflation will come down, says Soumya Kanti Ghosh, Group chief economic advisor, SBI.
PLI subsidy is barely Rs 2 lakh crore, which is equal to our fertiliser subsidy. PLI scheme won't make India a global industrial hub. A lot more needs to be done, says Pranjul Bhandari.
It's difficult for private capex to pick up given the backdrop of last 5-6 years and corporate balance sheets have been the best lately, says Samiran Chakraborty, Chief economist, India, Citibank.
Budget 2023 should be boring and just focus on macro stability like low inflation, fiscal consolidation, lower fiscal deficit instead of targeting high growth, says Pranjul Bhandari, chief economist, India, HSBC.
Pranjul Bhandari, chief economist, India, HSBC; Samiran Chakraborty, Chief economist, India, Citibank; Soumya Kanti Ghosh, Group chief economic advisor, SBI will discuss the fiscal aspect of the Indian economy with a focus on Budget 2023.
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