Interview with Richard Rekhy, chief executive officer of KPMG India.
It will improve the purchasing power of many buyers, but high interest payout will be a deterrent.
Foreign investors are preferring to access the Indian market through the sub-account route rather than coming in as foreign institutional investors (FIIs), thanks to stricter regulatory norms and tax-related concerns related to the proposed general anti-avoidance rules (GAAR).
In the past month, when the Essel Group started picking up shares of the company, IVRCL's stock has risen 31 per cent, a rare feat in a market where infrastructure stocks have been suffering due to slow movement in projects and high interest burden.
High crude oil prices, which the central bank perceives as a risk to inflation, may limit the extent of rate cut to 25 basis points rather than 50 bps, economists said.
In dollar terms, the Nifty has gained 26.7 per cent in this year, while the Sensex has advanced 25 per cent during the same period.
There could possibly be some reduction in home/auto loan outgo.
After a disastrous 2011, stock market investors are pinning hopes on next year. Top sell-side analysts believe though there is more pain ahead, 2012 is likely to end on a positive note.
If the new Companies Bill becomes law, 10 of the 30 Sensex companies will have to look for new auditors.
"In the backdrop of inadequate disclosure levels on share pledging, investment in such companies exposes an investor to severe price volatility in case a promoter is not able to meet payments or provide additional collaterals in a falling market," analysts at Crisil Equities said in a research report.
Higher returns, more liquidity draw individual investors to savings accounts.
Products structured on real estate and promising over 20 per cent annual returns are gaining popularity among wealthy investors.
Till October 14 this year, FIIs were net sellers in equities at Rs 1,132 crore (Rs 11.32 billion) while their debt exposure stood at Rs 20,029 crore (Rs 200.29 billion). This is the first time since 2008 that FIIs are net sellers in equities.
The Burman family is in talks to buy less than 26 per cent stake in Espirito Santo India.
According to market sources, Jhunjhunwala will acquire a significant minority stake in Pipavav.
Minority shareholders are disappointed after the Securities and Exchange Board of India (Sebi) increased the size of the mandatory open offer from 20 per cent to 26 per cent, ignoring the Achuthan panel's recommendation of giving all shareholders an exit option.
For home buyers in Noida Extension things have just gone worse. While banks have decided not to disburse loans to residential properties in the area, including those that had no litigation against them, builders are threatening to charge a penalty if payments are not made according to the existing contracts.
"The tacit understanding between people now is that a question should be looked upon as a statement," says an institutional dealer.
Rupee-denominated contracts will be traded from 9 am to 5 pm.
While listing can be good, success depends on sentiment and performance.
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