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.
Summary of sports events and persons who made news on Friday
'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.'
British Olympic track cycling gold medallists Laura Trott and Jason Kenny are to tie the knot.
'TMFs trump FMPs and FDs when it comes to investing in a high-duration product.'
Australia captain Pat Cummins doesn't mind staying a bit undercooked going into the high-octane WTC final against India.
We have Shubman Gill at one end ready to carry on the mantle but what about his partner?
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.
Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
'No human bias is involved as happens in active funds.'
'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.
Modi is keen to restart big projects which are stuck for various reasons.
'Once he failed in the Australia series at home, there was very little chance for him but selectors didn't want to change things ahead of WTC final.'
Australian track cyclist Melissa Hoskins was taken to hospital after crashing in training for the women's team pursuit at the Olympic velodrome on Monday.
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.
'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.'
Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.
'This is what happens to a party when it gets trapped in the vicious circle of nepotism and dynastic politics'
India, along with Southeast Asian countries such as Indonesia, is expected to sustain growth in the medium-term in Asia region, replacing China as the key growth driver, Morgan Stanley and Nomura said in two separate reports released on Monday. While Morgan Stanley projected a 6.2 per cent gross domestic product (GDP) growth forecast for India in FY24, Nomura estimated the Indian economy to grow at 5.9 per cent in 2023. "Even with a slowing China, we expect GDP growth in Asia to sustainably outperform other emerging markets and the US. India and Southeast Asia are set to be the fastest-growing economies this decade.
'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.'
Former India opener Wasim Jaffer feels incumbent vice-captain Ajinkya Rahane will have to consistently score runs to remain in the Test reckoning.
Economic growth, which we are taking for granted, slows for a completely different set of local or global factors and the Modi premium vanishes, observes Debashis Basu.
Her 5 tips that help you score great skin through the hot weather.
A desperate India seek to restore parity against South Africa and remain consequential in the World Test Championship.
India is well positioned to lead the global transitions of digital and artificial intelligence, energy, value supply chains, and the country's growth journey will shape the world's future, B20 India chair N Chandrasekaran said on Friday. In his address to the B20 Summit India 2023, Chandrasekaran, who is also the chairman of Tata Sons, asserted that India stands as a beacon of growth and positively stands out in the global economy, which is facing strong headwinds, tightest rate cycle in decades and record levels of public debt. "The world is currently navigating through three important fundamental transitions.
'Midcap and smallcap indices are trading in the expensive zone.'
'A key reason for the strong interest in IPOs has been an increased focus on profitability and reasonable pricing of deals.'
'He has played 100 Tests, he deserves respect.'
The improving outlook for the power sector has caught the interest of dividend yield funds. In the first four months of the current financial year (2023-24, or FY24), five of the six largest dividend yield funds have shown a notable increase in their exposure to stocks within the power sector. Some have even introduced new stocks to their portfolios.
If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.
Choose home-cooked snacks prepared with minimal oil and sugar for sweetness. Avoid snacks prepared in ghee, butter or saturated oils, says Dr Harshal Ekatpure.
The 2016 Rio Olympics has witnessed some scintillating performances, wherein many young athletes achieved glory for their nation. The Rio Games also saw legendary athletes like Usain Bolt and Michael Phelps delivering as per expectations and extending their domination in the Olympics history. But, there were some unfortunate ones, who fought horrifying injuries in Rio. Rediff.com lists seven such ill-fated injuries from the Games in Rio de Janeiro, Brazil.
'One of the biggest employment generators, the MSMEs, have not got much from the government.'
Have the markets already played out their dynamics before the economy has even properly taken off? Are we now destined for a period of mediocre returns despite a strong economy? asks Akash Prakash.
Patience can be rewarding. 'Post-listing, sanity often returns to valuations of newly-listed businesses within six to nine months. Buy then.'
Unveiling the scheme on Tuesday, the government had said the entry age for all new recruits will have to be between 17-and-a-half and 21 years.
The slowdown in corporate revenue growth over the last one year has begun to reflect in India Inc's capital expenditure, or capex. The country's top listed companies are going slow on fresh investment in capacity expansion, in line with a deceleration in their top line growth. The combined fixed assets of the listed companies, excluding banking, finance services and insurance (BFSI) and the government-owned oil & gas firms, were up 10.1 per cent year-on-year (Y-o-Y) during April-September 2023 (H1FY24) - the slowest in 18 months - as against 21.1 per cent Y-o-Y growth in H2FY23 (October 2022-March 2023) and 11.6 per cent growth in the April-September 2022 period (H1FY23).
Amphibious drones for maritime inspection... devices that extract pure oxygen from water for patients in need... self-balancing electric bikes...
It's the first time in my memory that I have seen a negative expected return for equities, notes Akash Prakash. Hopefully, this implies the consensus is being too negative, and markets, as usual, will surprise everyone and deliver the least likely outcome.
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