According to industry experts, companies in sectors such as consumer durables (fans, air-conditioners), power cables and the electrical industry will be hit, given that they are big users of copper.
The earnings are, however, expected to be down around 2 per cent on a sequential basis due to pent-up demand getting exhausted and the adverse impact of rising metals and energy prices on consumer goods and manufacturing companies.
The Symbiosis Institute of Management Studies, Pune, invites industry delegates and management students to attend its annual business seminar 4Thought--Khsitij ke Par.
Banks, FMCG, IT, Metal, Healthcare, Capital Goods, Consumer Durables, PSU, Oil & Realty have ended negative in varying degrees while Auto has ended in positive territory
The NSE Nifty ended at 4,711, down 39 points. Of 3,031 stocks, as many as 78 per cent, or 2,376 stocks, have reported a fall in their market price. Only 20 per cent (611 stocks) reported a rise while prices of the remaining 45 stocks remained unchanged.
There is pain in the business when you expand and bank credit is difficult to come by. Everybody has to readjust the pace and speed with which they are growing, says R Subramanian.
With economic activities gathering pace post easing of lockdowns across the country, hiring activities in most sectors have shown significant recovery in October over the previous month, says a report. On yearly basis, however, the overall hiring was down by 17 per cent in October, according to the Naukri JobSpeak Index for October' 2020.
The NSE Nifty ended at 5,114, down 27 points. The market breadth was fairly negative, out of 2,844 shares traded, 1,471 declined and 1,322 advanced on the BSE.
It is an irrefutable fact that the demand for these schemes is highly felt during the festive season. Market experts believe that there is a marked spurt in sales of consumer durables due to these zero percent schemes.
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