More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
Mid- and small-cap companies seem to have done better than top-tier companies
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
The combined share of customs and excise duties, service tax, and value-added tax in India's gross domestic product reached an all-time high of 10.5%.
In the domestic market, the Tata Group has lost ground in the passenger car business.
'It was because of the huge selloff in the Indian equities that the rupee fell so sharply against the dollar on Friday.'
HUL, ITC, Nestle, Colgate, Dabur, Britannia, Asian Paints, P&G are trading at nearly 48 times. The previous record high was 53 times at the end of March 1994.
Rising oil prices and diminishing cash pile to limit capacity in 2018-19
These firms reported a combined operating profit of Rs 26,077 crore (Rs 260.77 billion).
This is largely on the back of Tata Steel's expansion at Kalinganagar, as well as JLR's in China and Brazil
Analysts say there is still no visibility of earnings improvement.
The number of infrastructure projects cleared by a monitoring group set up in the Cabinet Secretariat had increased consistently in the past year.
Axis Bank's acquisition of Citibank's consumer finance business for Rs 12,325 crore - the second biggest deal in the Indian banking sector - is seen as a good deal at a good price. The acquisition enables Axis Bank to close the gap with competition in some key segments such as credit cards. At the same time, there are some key issues that are crucial for the deal's success, apart from the fact that it will take some time for Axis to reap the full harvest of its investment.
According to Rahul Rege, business head (retail) at Emkay Global Financial Services, it is difficult to track more than 10 stocks.
The buyback price is at around 28 per cent premium to the current market price of Rs 67 on the Bombay Stock Exchange
There, however, has been an improvement in operating margins.
Investors turn their attention to export-driven sectors.
With mutual funds, promoters turning net-buyers, foreign investors may have to bid up prices to raise holdings.
With commodity markets remaining soft and uncertain, it is likely the money will flow into equity markets with strong upsides, such as India.
The internals of the food inflation are worrying, given a broad-based uptick across categories that tend to be sticky, such as proteins, and a narrower-than-expected reduction in inflation for vegetables.
IT sector's trading multiples hit post-Lehman lows, providing good entry points.
For equity investors, the risk-to-reward ratio is worsening.
The road ahead for the markets in the short term will depend on external factors rather than domestic developments.
Analysts refuse to read too much into the early birds numbers.
Sales expansion also down 4.4%
'The government is encouraging consumption through fiscal spending in a bid to push up economic growth in the face of a slowdown in corporate investment and exports.'
Tech Mahindra was the top loser in the Sensex pack, shedding over 3 per cent, followed by NTPC, IndusInd Bank, Kotak Bank and Reliance Industries. NSE Nifty fell 185.60 points to 17,671.65.
Indian companies typically have higher return on equity.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
HUL, UltraTech, Asian Paints, L&T, HDFC Bank top global valuation charts
Corporate India at present is more indebted than all state govts put together.
Many giving double-digit returns, with India up less than one per cent; even so, it has done much better than other emerging markets.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
FIIs have offloaded stocks worth Rs 13,110 crore
This weakness is likely to continue in the near-term.
A full-blown recovery remained elusive for India Inc in the July-September quarter, even as it overcame the challenge of achieving profitable growth.
Reports have suggested Rs 400-650 as the possible IPO price
Higher crude oil prices also translate into better corporate earnings for India's top companies
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
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