'For those in for the long haul, this is a God-given opportunity.' 'Your market is falling despite strong fundamentals, and such a clear roadmap has been announced.'
Overall, volume growth is likely to be in the range of 3-8 per cent for two-wheelers and 5-7 per cent for passenger vehicles owing to healthy demand from urban and rural areas and pending order books.
Domestic institutional investors pumped Rs 2.3 trillion into equities during H1 CY24. Of this, mutual funds contributed 80%.
The net profit of the listed Adani group companies more than doubled year-on-year (Y-o-Y) in the first half of 2023-24 (H1FY24), even as their revenue declined in this period. The nine firms posted a 107.7 per cent jump in net profit at Rs 23,929 crore in April-September compared to the year-ago period. Net sales, on the other hand, were down 14 per cent to Rs 1.49 trillion in H1FY24, data collated by Business Standard showed.
Tata Motors surpassed Maruti Suzuki (India) (MSIL) to become the most-valuable automobile company, in terms of market capitalisation (mcap), after a gap of seven years. With this, the company's stock hit a new high on the BSE on Tuesday (January 30). The combined mcap of Tata Motors (Rs 285.51 crore) and Tata Motors DVR (Rs 29,119 crore) stood at Rs 3.146 trillion.
'Stocks of weaker companies may see the correction continue, but the ones that are relatively bigger and stronger will see investor interest come back.'
Jigar Shah of KR Choksey Securities says that Reliance Industries' results are by and large as per expectations, except the fact that the other income has gone down and there is an increase in both depreciation and tax.
Experts say that any fall in the market will make valuations cheaper and investment buying will take place.
Markets will see further upside, as the news flow coming in, particularly from the global front is positive.\n
With the midcap frenzy on, lets take a look at some IPOs of 2006. Investment Advisor, PN Vijay and Deven Choksey of KR Choksey Securities discuss which ones are still way above their issue price and which ones are languishing.
Stocks mutual funds had invested in had risen almost to pre-pandemic levels in March.
'Market feels this Budget will promote all-round growth and that is what is giving it confidence.'
Since the Budget announcement on July 5, FIIs have been busy unloading their stock.
The proposed changes making it easier for government and businesses to buy farm land are now likely to be implemented by states, not by the central government
Given the fragmented nature of the domestic cable TV market and the need for last-mile connectivity, RIL, said sources, would have to do more to achieve its target of reaching 20 million homes and 15 million business establishments with its broadband services across 1,600 towns in the next few years.
Quite a few large- and mid-cap stocks are yet to recover from the note ban, pharma, banking and rural demand-based industries among laggards.
The total value of holdings of domestic institutional investors as a percentage of the value of FII holdings has reached its highest level in four years.
India Inc has an impressive report card to show for the first quarter of this financial year.
The management, however, is a bit wary about near-term performance.
Trading in Samvat 2074 on Thursday got off to a rocky start, with the benchmark indices ending more than half a percent lower and the gauge for banking stocks dropping 1.25%.
Analysts expect the indices to dip further if the global macros do not stabilise
The Reserve Bank of India held its policy rate at 7.25 percent on Tuesday.
Sensex ends belowe 26,800 on domestic concerns.
'The market position from here on is expected to go up'.
'Policy was more in line with the expectations.'
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
The outcome is beyond the market's expectation and will be a sentimental boost, say analysts.
There cannot be value in every stock, whether large cap or otherwise. Thus buying a stock cheap does not always translate into value buying
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
India on track to be third largest consumer economy by 2025.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
'It is only fear and speculation, without much substance, that has led to the fall.'
Except for liquidity, which could act in favour or against the market in the short term, most market participants are bullish.
Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.
GAAR will not override the recently revised double taxation avoidance agreements with Mauritius and Singapore.
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