Despite low tariffs, voice usage is not growing.
The greenback rose 9 percent against currencies.
Real reason for crashing gold prices is not Trump victory, says expert.
Mahesh Nandurkar, executive director and India Strategist at CLSA, talks to Puneet Wadhwa ahead of their 21st India Forum on his interpretation of how the markets have played out over the past few months, the road ahead, and his sector preferences in this backdrop.
In markets such as Mumbai, prices have gone beyond Rs 1.5 cr to Rs 2 cr which is beyond reach of most of the salaried class
Reliance Communications could become a much more formidable opponent.
Till now, Jio was primarily targeting the prepaid customer base, with only a few post-paid plans. Now, it is targeting post-paid customers, who usually spend over five times their prepaid counterparts and are more company-loyal.
Sensex rises, Nifty ends at record high; RIL shares rally.
The public has benefited from this decline in crude oil, which has translated into lower prices of petrol and diesel.
CLSA managing director & equity strategist Christopher Wood, and executive director Mahesh Nandurkar tell Puneet Wadhwa that the markets could give a return of around 10 per cent from the current level over the next year.
The wide-based NSE sensitive index is currently hovering around 7,900.
'Irrespective of the price movement of gold, customers can lock in their purchase at Rs 28,000 per 10 grams of pure gold.'
According to a 2013 CLSA report , online retail in India was worth $3.1 billion, or about 10% of the country's organised retail market
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
Traders are closely watching the progress of the monsoon.
Falling revenues, increased capex, and first full year of spectrum debt may make things worse
Markets and blue chip stocks may see a downward correction in short-to-medium term.
AirAsia has come under scrutiny since June when GMT Research issued a critical report questioning its accounts.
n the broader market, BSE Midcap and Smallcap indices are trading higher by 0.3% each.
It was a case of 'buy on hopes and sell on news' as the Indian market posted only modest gains despite a landslide victory to Narendra Modi-led Bharatiya Janata Party (BJP).
Centre to take a call only in August, just a month before his three-year term ends.
While rate cuts may increase churn between banks, these may not boost credit offtake meaningfully.
5,565 contracts, valued at $201 billion are up for rebids across geographies and verticals by 2018.
Sensex up just 6.5% while the best returns were during Manmohan Singh, with the Sensex soaring nearly 167.5%.
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
Price correction over post-election peaks could throw disinvestment calculations awry.
With a rise of around 30 per cent in the benchmark index S&P BSE Sensex, 2014 has been the best year for Indian equity markets since 2009, when the benchmark index surged 81 per cent.
Premium valuations and lack of big triggers will weigh on Indian equity markets in the near term, believes Mahesh Nandurkar, India Strategist, CLSA.
Long-term investors can stay put in the markets, but should brace for volatility
It makes sense to wait for govt schemes such as gold bonds.
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
The 30-share Sensex provisionally ended up 366 points at 27,275 and the 50-share Nifty ended up 132 points at 8,235.
So, what does 2016 have in store for the Indian markets? Will they be able to take a giant leap forward in the leap year, and what are the key risks?
Expect more volatility in the coming year as the economy and markets price in the demonetisation drive.
Every service provider, say analysts, now needs to make a much larger investment, and therefore needs a much larger share of the market to be profitable.
Ambani's $15 bn bet will upend Indian telecom
Experts say the BSE Sensex could rise to around 32,000 in a year.
'If I had to highlight one area that will do well, it is the financial assets -- that is the private sector banks, insurance and mutual funds.'
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
FIIs have offloaded stocks worth Rs 13,110 crore
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