Analysts attribute this fall to the recent moderation in energy (mainly crude oil) and commodity prices, lowering of input costs for companies in sectors such as FMCG, consumer durables, and automobiles, reports Krishna Kant.
Direct investors should stagger their investments over 1-2 months.
Emerging markets such as India have always run higher inflation rates than developed economies such as the US and countries of Western Europe. But for the first time in the past 30 years, the US reported a higher consumer price inflation (CPI) rate than India in five consecutive months. The US reported a CPI rate of 7.5 per cent in January 2022 against 6.01 per cent in India and analysts expect the trend to continue for at least a few months more
The Indian rupee is down nearly 2 per cent against the US dollar since the beginning of January 2019. Experts attribute the Indian rupee's relatively poor performance to a sharper-than-expected fall in economic growth in India.
With markets expected to remain volatile, promoters and lenders exposed to the industrials and materials space can face brunt of the price erosion of the pledged shares.
Analysts attribute this outperformance to the government's proactive economic reform measures
The underperformance comes amid liquidity concerns in the non-banking finance companies space and Essel Group default news.
FMCG has been behaving unlike a defensive category in recent quarters.
Experts point to the higher contribution of rural from the north for the growth reported by the region, a point endorsed by companies who've been pushing their presence aggressively there.
Not surprisingly, equity investors are bidding-up stock prices across sectors and the broader market is now more valuable than pre-Covid levels.
The share of listed public sector undertakings (PSUs) in the overall market capitalisation has hit a three-year high of 11.4 per cent. This comes on the back of the sharp outperformance of the PSU pack over the past two years. In 2021 and 2022, the BSE PSU index gained 41 per cent and 23 per cent, respectively. Market participants said a combination of factors like value buying and bullishness, particularly in public sector banks (PSBs), were the reason for the improved prospects.
It is the fundamentals of companies that will drive stock performance.
Banking and real estate stocks rise up to 5% on further rate-cut hope.
The markets will be eyeing the amendments.
India Inc's cash pile was up 13.8 per cent last fiscal year, thanks to a combination of higher profits in sectors such as IT and fund raising by top companies such a Reliance Industries, Bharti Airtel and Tata Motors, among others.
The sentiment around Indian equities remains positive and unchanged.
During the current financial year, 25 companies have raised Rs 28,220 crore through IPOs
Combined net profit of BSE500 companies at $ 63 bn is 2.3% of GDP; global average is 5%.
The firm would require it to more than triple its CAGR of revenue to 18.5% for the next decade from 6%
The markets had been on an upward trajectory since August 2013.
Buying stocks during bad times can lead to good returns.
Between now and the general elections (likely in May 2019) there are 12 assembly polls, which analysts say, in a way will also be interpreted as a referendum on the Modi-led government's key reforms
Going ahead, experts say, the fundraising trend in the primary market will depend on how the secondary market performs against the backdrop of the outcome of general elections and global cues.
Together, the top 10 business groups reported a pre-tax loss of Rs 19,342 crore during the January-March 2020 quarter, as against a profit before tax of around Rs 48,500 crore in the year-ago period and Rs 39,600 crore during the December quarter. While Vedanta was the worst hit. others included Aditya Birla, Bharti, Adani, Mahindra, and Tata.
Analysts expect inflation to peak in the first half of 2016-17 and moderate, thereafter, on the back of positive impact of monsoons
So far in 2017, the Nifty has gone up by 22.4 per cent.
Pharma stocks have performed well after Budget
Softening rural consumption and the likelihood of weak corporate earnings in the March quarter saw investors dump stocks.
Investor Rakesh Jhunjhunwala and his family's net worth in listed companies surges in the recent bull run.
Experts say going ahead data price will fall further due to competition
Equity markets in Pakistan and Bangladesh are tiny compared to the market capitalisation of the Indian equity market.
Using buyback as a divestment tool is not new, the amount raised this year is phenomenally high.
The bourse's valuations may get a boost, as it gets set for its OFS of about Rs 10,000 crore.
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Close to 50 companies have announced stock splits this year so far, something experts say is typical in a bull phase.
Second-tier NBFC stocks are trading at 24.4x their trailing earnings, which is nearly twice their 15-year average of 13.9x
A weaker rupee could aid corporate earnings through its positive impact on export intensive sectors such as information technology services, pharmaceuticals and commodity producers such as metal and mining, and oil and gas companies.
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
Government-owned companies are more generous in rewarding their shareholders with dividends.
With India's imports exceeding exports, weak rupee does more harm than good. Analysts, however, say that rupee depriciation is positive for export-oriented sectors such as IT services, pharmaceuticals, textiles and automobiles
