Sesnsex ended the day flat on heavy selling pressure.
The main issues confronting CFOs currently, according to Deloitte, are the current economic slowdown, a depreciating rupee and inflation.
Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
Investors turn their attention to export-driven sectors.
China is keen to rebalance its economy towards higher consumption, services, technology use and value-added exports. The hope is that its currency will strengthen as the world embraces it as a global trade and reserve currency, say Abheek Barua & Bidisha Ganguly.
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
The Korean electronics giant says it will get more aggressive on pricing and focus on a narrower set of products for its mid-to-low tier products.
Motilal Oswal of Motilal Oswal Financial Services tells Puneet Wadhwa why he thinks the current market levels will sustain.
The NSE Nifty after shuttling between 10,441.90 and 10,341.90, ended 6.15 points, or 0.06 per cent down at 10,380.45.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
The benchmark Nifty rallied 1,000 points or 17% from 7,000 in 78 trading sessions since May 12, till date to surpass the 8,000 mark.
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
Formula One is facing fresh calls to consider closed cockpits after French driver Jules Bianchi's accident in Japan last weekend, though opinions are mixed about the potential benefits. Cockpit covers were tested by the governing International Automobile Federation (FIA) after Brazilian Felipe Massa suffered severe head injuries when he was hit by a bouncing spring in Hungary in 2009. In 2012, tests were carried out using a forward roll hoop -- a metal structure placed right in front of the driver -- after other experiments with a jet fighter-style canopy and windshields. None were developed beyond the testing stage, but drivers and teams suggested at the Russian Grand Prix they could be revisited after Bianchi suffered a severe brain trauma when his Marussia crashed into a recovery tractor at Suzuka.
Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.
The 606 positive cases includes 43 foreign nationals, the ministry said. On Tuesday, the number of cases was 519.
Combined net profit estimated to grow 14.6% year-on-year, against a 5.7% decline in the Dec 2015 quarter
'The challenge in India will be reviving consumption/investment.' 'If the negative surprise in earnings is very sharp or lasts longer than March, it can trigger a sharp sell-off.'
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
India Ic has pulled up its socks to perform even better in FY16.
Sensex, Nifty have lost about 6%, against 0.5-5% decline in other key Asian indices.
Number of stocks trading above 50 times and 100 times earnings are at record highs. When this happened in 2015 and 2016, the Sensex fell 22.6 per cent in a little over a year's time after peaking in January 2015, while it fell by 11.3 per cent in two months from its peak in September 2016.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
Fund managers weren't too worried in 2014, as it was a year of positive surprises.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Sales expansion also down 4.4%
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
India Inc's earnings seem to have gathered momentum with a surge in the BSE Sensex over the past two quarters.
In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.
India's good fortune, experts in the US feel, is not the result of a fundamentally strong economy, but because it is the best of a bad set of options.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
India Inc did not perform well during December quarter.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
The govt must fix regulatory hurdles to ensure growth.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
The automobile segment is our preferred area, and old favourites such as Tata Motors, Bajaj and Maruti Suzuki continue to entice us.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
Indian economy about to take-off
