Only Jio can drive Reliance going forward: Mahantesh Sabarad

The ARPU for telecom companies has to rise and we expect a substantial price increase by the telecom companies in the next one or two months, says Mahantesh Sabarad, Head, Retail Research, SBICAP Securities.

Where is the market headed directionally? The aberration on the US 10-year yield makes one wonder how long emerging market inflows would continue?
We are already near peak levels. The market in the last few days has traded sideways. But the momentum is still in favour of markets rising simply because we have the macroeconomic input coming in quite favourably. So inflation is well under control. The government is spending in a large manner to revive the economy. We have already seen results coming out really good. As far as US Fed interest rates are concerned, there is a bit of a worry but the kind of overall interest that the Indian market is attracting relative to the other markets is such that we think FII investments will continue to pour in irrespective of how the Fed rate moves now onwards.