The sharp correction in the Indian markets from their peak levels has made valuations attractive, say analysts, who advise buying selectively, but only from a long-term perspective. Fifty-six of the Nifty 100 stocks, according to Mahesh Nandurkar, managing director at Jefferies, now trade below the 10-year historical averages, including stocks in financial, select auto, and pharma sectors. "Valuation (one-year forward consensus price-to-earnings, PE) has declined 25 per cent from October 2021 peak, almost matching the 33 per cent price-earnings contraction during the 2011 tightening cycle when repo rates went up by 375 basis points (bps) versus 250 bps this cycle.
The National Stock Exchange (NSE) will shift the expiry of Bank Nifty derivatives contracts from Thursday to Friday, after smaller rival BSE did so earlier. The change, effective July 7, will apply to both weekly and monthly futures and options (F&O) contracts of the widely traded banking sector index. The first Friday expiry will be on July 14, 2023. NSE dominates the derivatives segment.
The Reserve Bank of India on Thursday decided to keep policy rate unchanged for third time in a row as it maintains heightened vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022.
Shivam Dube carried his rich recent form into domestic circuit cracking a rapid fifty but Shreyas Gopal's four-wicket haul ensured that Mumbai were bowled out for 251
'Parents don't realise that motivating your child or pushing them to do better is one thing and pushing them to the brink is another.'
Seamers Shivam Dube (4/10) and Royston Dias (3/35) powered Mumbai's outright win over Bihar by an innings and 51 runs in their Ranji Trophy 2023-24 season opener in Patna on Monday.
'If the South starts shooting on IMAX more, it will be beneficial. And likewise, it will benefit Bollywood directors.'
The RBI's Monetary Policy Committee brainstormed the impact of any future shocks on the inflation trajectory and stressed monitoring the cumulative effect of monetary policy actions over the past one year, which is still unfolding, revealed minutes of the rate-setting panel released on Thursday. The minutes of the meeting of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Shaktikanta Das, also indicated it would be premature to declare an end to the monetary tightening cycle, which started in May 2022 to check high inflation following the outbreak of the Russia-Ukraine war. The central bank, which effected six back-to-back hikes in the key short-term lending rate (repo) since May 2022 to check high inflation, decided to take a pause early this month.
Work in mandis across UP and in northern India which till Tuesday, witnessed heavy arrivals of newly harvested paddy, saw a steep decline.
Released on Wednesday, the report shows that 81 per cent of men and 72 per cent of women in India owned a mobile phone as of 2022, translating to a gender gap of 11 per cent. The numbers drop steeply in terms of mobile internet adoption. While 52 per cent of Indian men use mobile internet, women are way behind, with only 31 per cent of them accessing mobile internet, the report pointed out.
Ditch your plain cauliflower sabji for gorgeous Gobi Musallam this weekend.
A dome-shaped mysterious object has washed up on a remote Australian beach, amid speculation that it could be from a 20-year-old Indian rocket that was used for launching a satellite.
Notwithstanding sharp volatility in March, mutual fund (MF) investors didn't fight shy of investing in riskier small-cap-oriented schemes. Inflows into small-cap funds were not just the highest in absolute terms, they were also the maximum as a proportion of assets under management (AUM) among all market capitalisation (m-cap)-oriented categories. Investors funnelled Rs 2,430 crore down small-cap funds - 1.8 per cent of their AUM of Rs 1.33 trillion.
These Kerala-style accompaniments will add a pop of colour and an authentic touch to your Onam spread.
Kerala Chief Minister Pinarayi Vijayan on Thursday declared the southern state as India's first fully e-governed state where an entire range of government services have been digitised so that they can be provided to the citizens promptly and transparently.
Seerat Naaz's video appeal to the prime minister last week, which was shared widely on social media, prompted Director of School Education, Jammu, Ravi Shankar Sharma to visit the government school located in the remote Lohai-Malhar block.
At a time when the overall narrative is around India being an attractive investment destination, the two American multinationals are more specific in projecting India as their centrepiece.
Add more fun to your Christmas weekend.
The government's target of hitting $52 billion to $58 billion in mobile phone exports in FY26 has been faltering; an Indian corporate group with financial muscle will help.
Transactions were allegedly not reported correctly in the tax returns for FY20.
In the second of a four-part series, Business Standard checks out the currency press in Dewas to find target-based allowances have increased the monthly salary of employees from Rs 10,000 to Rs 30,000, at a time when notes are being printed 24x7.
Sarson Ka Saag is packed with super leafy veggies and is an ideal winter food. When served with Makke Ki Roti, it is sure to be a winner.
On Day 1, the film emerged as the biggest Bollywood opener of all time by clocking an astonishing Rs 57 crore.
The state has suffered losses of Rs 4,000 crore and the figure is likely to go up as estimates continue to pour in, he said.
Air India said on Monday that it has processed passengers refunds of more than Rs 150 crore during the first few months after its privatisation. After winning the bid for Air India on October 8 last year, the Tata Group took charge of the airline on January 27. Since then, the airline has been taking multiple steps to address the legacy issues such as stuck refunds.
Dealers across brands are slashing prices by Rs 20,000 to over Rs 1 lakh, depending on the car model.
WhatsApp's advantage is that it is the first app millions of Indian check first thing in the morning and innumerable times during the day and night.
Domestically, Indians are exploring popular beach destinations, the hills of Himachal Pradesh and Uttarakhand, and the North-Eastern region as well.
Companies don't have to be in the field to nudge people to return money they owe lenders.
Sebi has also been asked to put in place a mechanism to monitor the beneficial owner of P-notes
A fine alu curry for any mood or meal.
Edtech major Byju's on Tuesday said it has filed a complaint in the New York Supreme Court to challenge acceleration of the $1.2 billion Term Loan B (TLB). The company is also seeking the disqualification of Redwood, who contrary to the terms of TLB, purchased a significant portion of the loan while primarily trading in distressed debt. "Byju's has had to take these measures following a series of predatory tactics by the lenders, led by Redwood," the company said in a statement.
Automobile retail sales in India rose 11 per cent in September as better supplies from manufacturers enabled dealers to ramp up customer deliveries amid the ongoing festive period, Federation Of Automobile Dealers Associations said on Tuesday. Last month, total retail sales stood at 14,64,001 units as compared to 13,19,647 units in September 2021. FADA noted that October is expected to witness even better overall sales due to the festive season further gathering steam.
Modi made the comments in his address after inaugurating the 14th edition of Aero India at the Yalahanka Air Force station complex on the outskirts of Bengaluru.
In the fourth of a six-part series, Ajay Modi visits Moradabad, to see how the brass city is coping with the after-effects of demonetisation.
Principal district and sessions judge P C Joshi said he will pass order on the bail plea of the ninth accused, Devang Parmar, on Thursday.
The Rajya Sabha on Wednesday passed the Digital Personal Data Protection Bill 2023 by voice vote following a walkout by opposition members over the Manipur issue.
The sheer mayhem created in the very first weekend did the trick.
With Rs 64 crore* in just three days, the Kumar Mangat production will enter the Rs 100 Crore Club in the first week itself.
Don't be put off by the complexity of these mithais --they are worth the effort.
