In an interview to NDTV, as results continue to come in for the assembly elections, Kishor, who has been helping Mamata in West Bengal, said it was a tough fight.
Historically, overall credit has grown at 1.6 times GDP growth
Both Mahinda Rajapaksa and Modi have learnt from their past mistakes. Modi has understood that Rajapaksa is a 'forever politician' that India has to live with, observes Ambassador M K Bhadrakumar.
China has chosen to keep New Delhi guessing, while retaining for itself the option of constantly changing facts on the ground and shifting the LAC westwards -- the strategy called 'salami slicing', notes Ajai Shukla.
Equities went into a tailspin on Wednesday after the Reserve Bank surprised the market with a mid-cycle rate hike in a bid to tame soaring inflation.
Ahead of a likely organisational and government reshuffle in Punjab, Congress leader Rahul Gandhi on Tuesday met poll strategist Prashant Kishor at his residence.
Gautam Gambhir is a politician by choice but a cricketer at heart whose brain never stops ticking when it comes to conceptualising, planning and execution.
The current geopolitical situation necessitates the Indian Air Force to prepare for intense and small duration operations at a short notice, Chief of Air Staff Air Chief Marshal VR Chaudhari said on Thursday.
Infosys was the top gainer in the Sensex pack, rising over 2 per cent, followed by Bajaj Finance, HCL Tech, Tata Steel, Tech Mahindra and NTPC. On the other hand, Maruti, Sun Pharma, HUL and ITC were among the laggards. Nifty rose 122.15 points to 17,343.55.
A sharp sell-off in the Indian equities markets after a spike in crude oil prices should not be surprising. Historically there is a negative correlation between stock valuations in India and the price of Brent crude oil, which is the benchmark for the Indian crude oil basket. Between 2011 and 2014, crude oil traded above $100 a barrel for an extended period, the Sensex-trailing price/earnings (P/E) was 18X, on average, during the period, nearly 22 per cent lower than the current index P/E of 23X.
Thus far in FY21, BSE, NSE have rallied 70 per cent and 71 per cent, respectively.
Foreign portfolio investors (FPIs) have pulled out Rs 4,515 crore from the equities segment in the first half of July as they turn cautious towards the Indian market. "With markets trading near all-time high, FPIs would have chosen to book profits. "They have also been staying on the sidelines given high valuations and most likely on the back of the risk of a potential third wave of the coronavirus pandemic," said Morningstar India associate director (manager research) Himanshu Srivastava. Though the continuing firmness in the dollar and the possibility of rising bond yields in the US do not augur well for capital flows into emerging markets like India, there is no immediate worry at the moment, he said.
Investors and companies should brace for higher commodity prices over the next few weeks in the backdrop of Russian troops attacking Ukraine on Thursday. Meanwhile, US President Joe Biden threatened new sanctions against Russia for an act of aggression against Ukraine. All this, analysts believe, can push prices of key commodities such as crude oil, ammonia, urea, potash, and phosphates higher.
'China need not worry about a truly 'resurgent India'.' 'It's not going to happen.'
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.
Two-time World Cup-winning former India captain Mahendra Singh Dhoni retired from international cricket on Saturday, ending over one year of suspense and also an era during which his often unorthodox leadership and finishing skills became the stuff of legends.
The Aam Aadmi Party has nominated former cricketer Harbhajan Singh, Lovely Professional University founder Ashok Mittal, AAP MLA Raghav Chadha, IIT Delhi faculty Sandeep Pathak and industrialist Sanjeev Arora for the March 31 Rajya Sabha polls.
From Narendra Modi's victory in 2014 to the Nitish-Lalu triumph in 2015 and delivering Assam to the BJP in 2016, young and very professional strategists have startled politicians and the media.
Despite headwinds, it remains "structurally bullish" on India and expects the Sensex to scale up to the 70,000-mark by December 2022; 80,000 level in a bull-case scenario and hover around the 50,000-mark as a bear-case, the brokerage house said in a report.
On the Sensex chart, Bajaj Auto, HDFC, Infosys, Tech Mahindra and ICICI bank emerged as the prominent gainers. NSE Nifty ended with a gain of 106.95 points at 14,724.80.
Profitability and cash reserves have halved since the global financial crisis.
What we have in the Congress is a useful glue to hold a non-cultural, unified Opposition together. That is the sacrifice the Congress must be willing to live with if showing the BJP the door is what the collective Opposition wants, observes Shyam G Menon.
Swiss brokerage Credit Suisse expects the economy to continue to show positive surprises and record up to 9 per cent growth in the next fiscal. For the current financial year too, the brokerage anticipates growth to be higher than the consensus forecast of 8.4-9.5 per cent, and printing in at around 10.5 per cent. As a policy, Credit Suisse does not provide absolute growth numbers in its forecast.
India should focus on how many are living below the poverty line, says Professor of Global Strategy Pankaj Ghemawat.
Equity strategists are basing their expectation on strong corporate earnings recovery, supportive global economic growth, and gradual improvement in business sentiment.
The BJP continuing to look at the Dravidian polity through the religious prism has not worked in Tamil Nadu whereas it has yielded political and electoral results across much of the rest of the country, observes N Sathiya Moorthy.
When the world is happily dealing with unstable countries, why shouldn't India? asks world's leading geo-strategist Parag Khanna.
The only asset class which has given them positive real returns in the last five years is gold, says Ridham Desai, strategist and head of India Equity Research at Morgan Stanley India.
What these elections prove beyond any doubt (if ever there was one) that Modi's hold over public mind and Shah's mastery of election management are unparalleled. It doesn't seem likely that they will be matched any time soon in the Indian political scene, reaffirms Shreekant Sambrani.
The economy is likely to register a 9.5 per cent growth this fiscal over 7.3 per cent contraction last year, as the ongoing recovery is faster and more credible than earlier foreseen, according to a foreign brokerage report. It will gather more momentum in the second half of the current fiscal, but will slow down to 7.7 per cent next financial year, it added. The government has budgeted for a 10.5 per cent growth this fiscal, but the Reserve Bank has scaled it down to 9.5 per cent.
In the mid-1980s, India and the US struggled to arrive at sufficient confidence for Washington to even sell a supercomputer to India for monsoon prospecting. Now, the most sensitive military technologies, data, and intelligence resources are being shared. This would not have happened without that one, big deal that changed the fundamentals of India-US relations, notes Shekhar Gupta.
"He was an icon of the Indian history and will remain so. There can be a difference of opinion about him, but to look down on him as inferior is not appropriate and justifiable. He was a freedom fighter and a staunch nationalist, but people who follow the Marxist and Leninist ideology are the ones who accuse Savarkar of being a fascist...," Singh said, adding that the hatred towards Savarkar is illogical and unplaced.
As regards India, FIIs have pumped in over Rs 34,400 crore in the Indian stocks in calendar year 2021.
These meetings with Pawar has fuelled speculations about the possibility of opposition parties coming together to form a third front against the Bharatiya Janata Party.
'Short term volatility is likely due to various factors, global and domestic; investors may use this as an opportunity to increase the allocation to equities.'
Yadav also called for firming up of an Opposition alliance to take on the BJP in the 2024 general elections, suggesting that the Congress must focus on over 200 seats on which it is in direct fight with the saffron party, while taking a 'backseat' in states where regional parties are a formidable force.
Benchmark indices Sensex and Nifty retreated from over one-week highs to close lower on Wednesday due to profit booking in banking, IT and metal stocks amid weak global trends. After a two-day rally, the 30-share BSE Sensex dropped by 90.99 points or 0.16 per cent to settle at 57,806.49 in volatile trade. As many as 19 of its constituents declined while 11 advanced. The broader Nifty slipped by 19.65 points or 0.11 per cent to close at 17,213.60 with 31 of its stocks ending in the red.
Prashant Kishor feels that the Congress is a national party that can counter the BJP.
Notwithstanding how the current impasse is solved, at some point in the future, Russia will realise that just as centuries ago it developed the paradigm of securing its heartland's safety through annexing vast buffer zones between itself and the enemy, a more modern security is possible only through friendly relations and sustainable peace, observes Shyam G Menon.
India, best-performing among emerging markets in the first four months of 2017, has since ceded this position to South Korea.
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