Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Citigroup's Citibank arm is expanding keenly in India but is wary of taking stakes in local banks because of a cap on foreign equity and limits on voting rights, company officials said
Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
The new offer is part of its strategy to turn India to an exclusively 4G market.
Such schemes need 3-5 yrs to take advantage of dollar and market risk.
Indian equities have had a rocky start to 2008, after years of double digit growth, but that has not stopped providers coming to the market with fund launches
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
Some of Modi's biggest reforms have met with fierce political opposition.
While selling started in April, it has intensified this month, with FPIs pulling out $1.1 billion and $2.5 billion from equities and debt market, respectively
At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fifth-largest domestically.
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
Most sought-after market of the past few years doesn't feature among top bets in Asia, emerging markets
The US Federal Reserve has decided to keep its stimulus programme intact and this in turn will lead to some respite for the battered emerging market economies, but it should also be borne in mind that tapering is inevitable in the medium term.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
Thirteen companies have joined the Rs 1-trillion-plus market capitalisation club this year, so far. This even as the benchmark Sensex has gained less than 3 per cent on a year-to-date basis, underscoring the bullish undercurrent in the broader market. The trend shows a harsh second wave of Covid-19, subsequent lockdowns, and hit to the economic activity has made little dent into India Inc or shareholders' wealth. At the start of the year, there were 29 companies with a market value of more than Rs 1 trillion.
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
Morgan Stanley says favourable factors will push Sensex to 32,500 level by December.
The long-term sustainability of the ongoing market rally is difficult as earnings growth remains a challenge, says Herald Van Der Linde, head of equity strategy, Asia-Pacific, at HSBC.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
The wide-based NSE sensitive index is currently hovering around 7,900.
Street may be ignoring TCS headwinds as the stock's peak valuation doesn't seem justified by BFSI weakness, likely higher US tax rates and stronger rupee, reports Ram Prasad Sahu.
Shares of most European banks are down significantly.
Insufficient rainfall will have a negative impact on the economy.
Investment trend by foreign investors will also be closely watched for stock movement
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.
'If businesses are focused on de-leveraging, they can hardly be investing. This is the price extracted by investment mistakes during UPA rule, and should have been foreseen. 'But Modi-I must share the blame, for muted reform of the financial sector, partisan policy in telecom, the harm done to exports by an over-priced rupee, and so on,' says T N Ninan.
Most analysts expect the note ban to sharply hit GVA growth in Q3 and Q4, and the central bank's stance is being called into question.
'India's sizeable forex reserves should help stem a possible fall in our currency.'
The currency got support from dollar flows into local equities and greenback sales from state-run lenders.
Markets have gone into a tailspin, the Modi govt must revive investment sentiment.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
Some type of global shock adds to the allure of the dollar.
The 30-share Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067.
IIM-A saw 36 per cent jump in maximum domestic salary in 2018 placements this year.
A strengthening dollar overseas also kept the rupee under pressure amid demand from importers. Goldman Sachs followed JP Morgan, HSBC and Nomura in cutting India's economic growth forecast and also said it expects the rupee to touch 72 against the dollar in the next six months.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
