Inflation is down and there's every chance that crude prices will be subdued through the next year.
Equity markets braved all odds this fiscal and rewarded investors with high returns as the benchmark Sensex surged more than 66 per cent despite COVID-led disruptions and concerns over its impact on the economy. Market analysts termed FY 2020-21 as a roller coaster ride for not only Indian markets but also for equity indices globally due to the pandemic. In an unprecedented come back, the 30-share BSE Sensex has jumped 19,540.01 points or 66.30 per cent so far this fiscal. This extraordinary rally holds significance as markets faced volatile trends this fiscal.
IndusInd Bank was the top gainer in the Sensex pack, zooming around 8 per cent, followed by PowerGrid, Dr Reddy's, Sun Pharma, NTPC and Axis Bank. On the other hand, UltraTech Cement, Maruti, ITC, Kotak Bank and Asian Paints were among the losers.
NSE Nifty finished higher by 46.05 points, or 0.39 per cent, at 11,707.90. Asian Paints was the top gainer in the Sensex pack, rallying 6.32 per cent, followed by Nestle India, HUL, Bajaj Auto, IndusInd Bank, Tata Steel, Maruti and PowerGrid.
FIIs pump in $1.4 billion in March, after pulling out $2.9 billion in Jan-Feb.
Bharti's ratings headroom is likely to improve with an equity infusion, planned asset sales and growing EBITDA from Africa.
Indian equity markets registered their highest single-day percentage gains since early October.
Bolstered by bullish investor sentiments, India witnessed companies mopping up a whopping $9.7 billion through initial share sales in the first nine months of 2021, the highest amount for the nine-month period in two decades, says a report. As many as 72 initial public offerings (IPOs) hit the stock market during the January-September period this year in India and strong sentiments were visible in the global markets as well, according to leading consultancy EY. EY, in its latest report, said the global IPO market continued to boom through Q3 2021 resulting in the most active third quarter by deal numbers and proceeds in the last 20 years.
'Generic skills are in abundance, but technological advancements have left staple skills redundant.' 'It is why employers are now looking for alternate sources of hiring -- deploying gig workers, looking at Tier 2 and Tier 3 cities for relevant talent.'
Year 2017 will be a benign year for FII flows into India feels Akash Singhania, deputy chief investment officer, DHFL Pramerica Asset Managers.
It is useful to note that Indian markets have not gone into a tailspin as the Greece crisis has developed, says Devangshu Datta.
We still have time for this government to take action.
The market last tumbled 10% or more in December 2016 following demonetisation. The decline was followed by a sharp rebound. This time the chances of such a v-shaped recovery are less.
Wait for a few days before deciding to buy shares or MF schemes.
Bajaj Finance was the top loser in the Sensex pack, tanking over 10 per cent, followed by Axis Bank, Maruti, M&M, Tech Mahindra and ONGC. The gainers included ITC, Bharti Airtel, Kotak Bank and Hero MotoCorp.
Markets will remain closed today on account of voting for the general elections in Mumbai constituencies.
Healthy demand for the American unit from importers and corporate weighed on the rupee
The sentiment around Indian equities remains positive and unchanged.
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Traders say the outlook for the rupee has improved on the back of a sharp narrowing in the current account deficit after government and central bank emergency measures such as curbing gold imports.
Unlike last year, investors turn cautious on e-commerce sector.
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
At the BSE, 1,879 companies declined, while 685 advanced and 131 remained unchanged.
Not surprisingly, equity investors are bidding-up stock prices across sectors and the broader market is now more valuable than pre-Covid levels.
Financial shares were the top losers.
Meanwhile, IT index continues to be the top loser down 3.8%. Financial stocks witnessed renewed buying interest at lower levels.
Top gainers in the Sensex pack included Bharti Airtel, Tata Motors, IndusInd Bank, Kotak Bank, Hero MotoCorp, Asian Paints and PowerGrid, which rose up to 2.53 per cent.
A rebound in oil prices, FII outflows and concerns over current account deficit weighed on the domestic currency, pushing it to fresh life-time lows.
The rupee had eased by 2 paise to close at fresh 2-month low of 62.78.
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
The answer to that depends on whether the globe is able to contain the virus spread, says Samie Modak.
Rupee falls 5 paise against dollar, ends at 61.92.
'While there has been an impact on economic activity, it is not as profound as the lockdown last year.'
Overseas investors buoyed by recent rate cut by RBI and hopes of a good monsoon
The rupee touched a high and low of 65.91 agaisnt the greenback during the day.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
'Modi must keep his members in check or risk losing domestic and global credibility,' Moody's warned.
India may be at the fag end of a downcycle that has lasted over 7 years
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
Geopolitical climate and equity markets as supportive for gold's role as a risk hedge.
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