'For those in for the long haul, this is a God-given opportunity.' 'Your market is falling despite strong fundamentals, and such a clear roadmap has been announced.'
Markets will see further upside, as the news flow coming in, particularly from the global front is positive.\n
With the midcap frenzy on, lets take a look at some IPOs of 2006. Investment Advisor, PN Vijay and Deven Choksey of KR Choksey Securities discuss which ones are still way above their issue price and which ones are languishing.
Jigar Shah of KR Choksey Securities says that Reliance Industries' results are by and large as per expectations, except the fact that the other income has gone down and there is an increase in both depreciation and tax.
Overall, volume growth is likely to be in the range of 3-8 per cent for two-wheelers and 5-7 per cent for passenger vehicles owing to healthy demand from urban and rural areas and pending order books.
Domestic institutional investors pumped Rs 2.3 trillion into equities during H1 CY24. Of this, mutual funds contributed 80%.
The net profit of the listed Adani group companies more than doubled year-on-year (Y-o-Y) in the first half of 2023-24 (H1FY24), even as their revenue declined in this period. The nine firms posted a 107.7 per cent jump in net profit at Rs 23,929 crore in April-September compared to the year-ago period. Net sales, on the other hand, were down 14 per cent to Rs 1.49 trillion in H1FY24, data collated by Business Standard showed.
The proposed changes making it easier for government and businesses to buy farm land are now likely to be implemented by states, not by the central government
'Stocks of weaker companies may see the correction continue, but the ones that are relatively bigger and stronger will see investor interest come back.'
Tata Motors surpassed Maruti Suzuki (India) (MSIL) to become the most-valuable automobile company, in terms of market capitalisation (mcap), after a gap of seven years. With this, the company's stock hit a new high on the BSE on Tuesday (January 30). The combined mcap of Tata Motors (Rs 285.51 crore) and Tata Motors DVR (Rs 29,119 crore) stood at Rs 3.146 trillion.
The total value of holdings of domestic institutional investors as a percentage of the value of FII holdings has reached its highest level in four years.
The management, however, is a bit wary about near-term performance.
The Reserve Bank of India held its policy rate at 7.25 percent on Tuesday.
Analysts expect the indices to dip further if the global macros do not stabilise
'Policy was more in line with the expectations.'
'It is only fear and speculation, without much substance, that has led to the fall.'
Since the Budget announcement on July 5, FIIs have been busy unloading their stock.
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
India Inc has an impressive report card to show for the first quarter of this financial year.
The outcome is beyond the market's expectation and will be a sentimental boost, say analysts.
Except for liquidity, which could act in favour or against the market in the short term, most market participants are bullish.
'The market position from here on is expected to go up'.
Modi's'Make in India' drive launched last September included laying out a model of "port-led" development that would support industrial growth.
Sensex ends belowe 26,800 on domestic concerns.
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
India has more service companies, such as IT and healthcaresectors, which always trade at a premium to the overall market.
GAAR will not override the recently revised double taxation avoidance agreements with Mauritius and Singapore.
Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.