Samvat 2072: Auto sector could see faster recovery
The Indian stock market had rallied through the first fortnight of October but it gave back the bulk of its gains in the second half.
A constipated, constricting UCC would be worse than the current scenario of competing personal laws, says Devangshu Datta.
Historically, the IIP performance has shown little or no correlation to corporate performances.
Food prices are also expected to move up due to the poor monsoons.
If rate cuts are fully transmitted, and RBI continues to cut rates in 2016, and earnings growth picks up as well, current valuations may be justified. Otherwise, equity will remain over-valued, says Devangshu Datta.
There is hope for us non-vegetarians. At least some enlightened judges believe diet is a personal choice. Here's to Maansh Wapsi.
The new series claims GDP grew at seven per cent between April and June 2015, while gross value added (GVA) grew at 7.1 per cent.
For a country with a huge atheist vote bank, relatively few claim to be irreligious, says Devangshu Datta
The Nifty's put-call ratios are very bearish.
Low fuel prices to help oil marketing and refining sectors but upstream players will stay under pressure.
Gold has pushed lower as a result of Chinese selling.
In the looking glass world of India's governance, banning something is a good way to promote it
The Bank Nifty is high beta anyhow and it could move the broader market.
Drones are of course, remotely controlled and modern ships are also chip-driven.
The recent market crash in China has triggered sympathetic drops.
Sensex is now as expensive as in early 2008
It is useful to note that Indian markets have not gone into a tailspin as the Greece crisis has developed, says Devangshu Datta.
The rupee may also gain against the euro but be prepared for a snapback in the euro as Greece resolves.
Greek crisis is coming at a time when India is short of hard news on the domestic front.
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