CLSA has downgraded select real estate stocks and expects most counters from this sector to consolidate in the months ahead after the sharp run seen in them in the last few months. Most positive factors in terms of a pick-up in housing demand and office space absorption, it said, are already priced in. "We expect housing industry demand to grow around 12 per cent in 2024 and for large developers to outpace industry to grow at 15 - 20 per cent.
Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices.
Dream 11 all set to replace BYJUs as Indian team's principal jersey sponsor
In shooting, India have added Manisha Keer, Preeti Rajak and Angad Vir Singh Bajwa, while in athletics, Amlan Borgohain, Preeti and Prachi have been added to the squad.
Yashasvi Jaiswal presented a heady cocktail of patience and flair on debut but India's expected series win over West Indies will not serve as an accurate parameter.
After startups and Big Tech, the layoff season may have begun at the $245 billion Indian information-technology (IT) industry. Bengaluru-based IT major Wipro is looking to cut hundreds of jobs, targeting mid-level employees working onsite as the company looks to improve margins, according to a media report, citing two sources. The company has said it is aligning its business and talent to the changing market environment.
Banks, the biggest component of the Indian equity market, are now trading at a big discount to the benchmark indicesThe BSE Bankex index, which tracks the share price of the 10 top listed banks, is trading at a trailing price to earnings (P/E) multiple of 15.3X, nearly a 40 per cent discount to the BSE Sensex current P/E of 24.37X. This is the biggest valuation gap between the two indices in at least 10 years. Similarly, the BSE Bankex price to book ratio (P/B) of 2.22X is 40 per cent lower than the current Sensex P/B ratio of 3.61X.
'From data on enquiries, we can build what we call a data lake or a data warehouse where data is classified into various cohorts and then we use AI and ML tools to predict demand down the line.'
Summary of sports events and persons who made news on Wednesday
Capturing the drama on Day 11 at the Tokyo Olympics.
Tennis mixed doubles and new track cycling disciplines for men and women have been added to the London 2012 Olympics events schedule, the International Olympic Committee said on Thursday. The IOC said the changes were triggered by the need to refresh the events programme and increase the number of female athletes in the Games.
There was romance at the Sir Chris Hoy Velodrome with the engagement of two Scottish cyclists on Sunday.
Investors should view any bounce-back in bank stocks as an opportunity to exit the pack, analysts suggested, as the worst may not be over yet. The recent quarterly results of HDFC Bank and Axis Bank disappointed the Street, triggering a marketwide selloff by foreign institutional investors, especially in banking counters. While HDFC Bank, which was the anchor for the market correction during the past week, ended 2 per cent higher amid short covering on Wednesday, Axis Bank's shares settled 3 per cent lower.
'Are we so ready to believe that in this country whose virtues we constantly shout from the rooftops, there is no single person -- other than Modi -- in a minimum of 272 elected MPs with the talent and ability to lead this country?' asks Prem Panicker.
While the economy seems to be on a firm growth path, the fight against inflation is not over yet. Shaktikanta Das seems to be in no hurry. After playing well through a five-year Test match, he doesn't want to get out hit wicket, observes Tamal Bandyopadhyay.
Triple Olympic track cycling gold medallist Chris Hoy was named the BBC's Sports Personality of the Year on Sunday to cap a remarkable night and year for the sport. The Scot finished ahead of Formula One world champion Lewis Hamilton and double Olympic swimming gold medallist Rebecca Adlington in a vote by the British public.
Former MotoGP champion Nicky Hayden died five days after the American was hit by a car while cycling in eastern Italy, his Honda World Superbike team said.
Rebecca Romero became the first British woman to win medals in two different summer Olympic sports when she beat her team mate to win gold in the women's 3-km individual pursuit cycling on Sunday. A rowing silver medallist in Athens in the quadruple sculls, Romero switched sports and made her track cycling debut only two years ago. She won two world championship titles in March.
'TMFs trump FMPs and FDs when it comes to investing in a high-duration product.'
Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
Britain's most successful Olympian Chris Hoy, who won two golds at the 2012 London Games to add to three from Beijing four years earlier and his first in Athens in 2004, said the time was right to quit the saddle having exhausted 'every last ounce of effort and energy'.
'Our Q1 was almost flat, and there was very negligible growth in Q2, but the deal pipeline and the order book have been fairly significant.'
The 2012 Olympics suddenly seem a lot closer after a memorable weekend of World Cup track cycling, the first test event of an Olympic Park venue, proved a spectacular success for organisers, athletes, fans and media.
The legendary Sachin Tendulkar found senior off-spinner Ravichandran Ashwin's exclusion from India's playing XI for the World Test Championship final baffling.
Expect heightened volatility and stress to hit the markets. Caution may be the need of the hour, alerts Akash Prakash.
There will be work today, there will be work tomorrow, there will be work the day after, but nothing will make up for the eternal regret of not seeing a friend when he was dying.
'No human bias is involved as happens in active funds.'
Chris Hoy set a British record with his sixth Olympic gold medal Tuesday, defending his keirin title to finish off a dominating track cycling program for the home nation.
We have Shubman Gill at one end ready to carry on the mantle but what about his partner?
'We like certain stocks from banking, insurance, retail, hospitals and capital goods.' 'Though some of these stocks may seem expensive, they will compound well over the long term, thus justifying their current multiples.'
Australia captain Pat Cummins doesn't mind staying a bit undercooked going into the high-octane WTC final against India.
The Australian team on paper holds slight advantage on a bouncy track at The Oval but both Ravi Shastri and Ricky Ponting believe that the Indians are better prepared.
'This is what happens to a party when it gets trapped in the vicious circle of nepotism and dynastic politics'
Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.
The migrant workers were walking along the rail tracks apparently to escape the attention of police. A video clip from the scene of the tragedy shows the bodies of migrant workers lying on the tracks and nearby with their meagre personal belongings scattered around.
'We will see a lot of investments from the private sector.' 'As long as we are not impacted by some global events, I think we will be in a strong place.'
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances