Wall Street research analysts have suffered rounds of layoffs, big pay cuts, and accusations that they routinely lied to the investing public. Now there's a new worry -- that their jobs are being shipped overseas.
The short-term target for Sensex is at 13,900, and for Nifty is at 4,000.
But Indians work less than smaller countries with small populations like Bhutan, the Congo, Lesotho and Gambia.
Ruchir Sharma on the market potential over the next 12 months
Food delivery platform Zomato has filed preliminary papers with capital market regulator Securities and Exchange Board of India (Sebi) to raise Rs 8,250 crore through an initial share-sale.
Nimesh Kampani of JM Morgan Stanley believes that a good quality IPO would always get a response from investors.
This is not the first time Reliance has eyed a stake in the club.
Technology stocks are likely to lead the decline in this market.
Thus far in FY21, BSE, NSE have rallied 70 per cent and 71 per cent, respectively.
'FDI is not a big issue because Indians are in now a position to raise big money.'
'I think we will win the game if our GDP grows at 7.5 to 8 per cent,'\nsays stockmarket legend Nimesh Kampani.
The cellular phone companies using the WLL-CDMA technology will increase their subscriber base by 86.6 per cent in 2004-05 as against the expected growth of 40 per cent in GSM customers, according to a study.
New Delhi Television Ltd has filed a draft red herring prospectus with Securities Exchange Board of India for its initial public offer of Rs 100 crore (Rs 1 billion).
Petronet LNG Ltd will float an initial public offering of 261 million shares, representing 34.8 per cent of the total equity of the company, around mid-February, P Dasgupta, director (finance), PLL, said in New Delhi on Friday.
The government has appointed Kotak Mahindra Capital Co, DSP Merrill Lynch and JM Morgan Stanley as book runners for the public issue of 10 per cent equity shares in state exploration firm Oil and Natural Gas Corporation.
The Bangalore-based company had raised $200 million in July from existing investors.
India's prices are rising faster than many of its emerging market peers. The country's inflation print for May at 4.25 per cent is a marked reduction from the levels seen in May 2022 (7.04 per cent). However, even though the inflation rate remains within the Reserve Bank of India's medium-term target of 4 per cent, with a 2 per cent margin on either side, it continues to be higher than China, Russia, and Brazil.
State-owned BSNL would be the biggest gainer followed by MTNL if the government changes the inter-connect usage charges, based on TRAI's consultation paper, according to a recent report by equity research firm J M Morgan Stanley.
Morgan Stanley Capital International has added Maruti Udyog to its India index with effect from August 29.
Morgan Stanley Capital International's quarterly rejig of global stock indices later this week is not expected to trigger huge market moves as the main review will be in May, analysts said on Monday.\n\n\n\n
Sensex has lost almost 1,500 points since December 31, 2014.
India is set to witness a 'significant' growth in its market capitalisation during the next five years because of combination of a host of factors
Historically, Indian stocks trade at earnings multiple of 17-18 times. At current prices, the earnings multiple for the Sensex is 26 times.
Petronet LNG Ltd, which will become India's first LNG importer when Qatari RasGas' cargo lands at its Dahej import terminal in January next, has planned an initial public offering of equity shares in the same month.
The Securities and Exchange Board of India has cleared the initial public offering by Indraprastha Gas Ltd, after the market regulator decided to defer implementation of T+6 norms for the book building issues.
Morgan Stanley expects RBI to cut rates sharply rather than "dribble down".
Shares of Bajaj Finance sprinted 4.7 per cent to Rs 7,732 per share on the BSE in Thursday's (January 4) intra-day trade as the non-bank finance company's (NBFC's) December quarter business update reflected minimal impact of the Reserve Bank of India's ban on two of its lending products. The shares, eventually, ended 4.4 per cent higher at Rs 7,710 per share as against 0.69 per cent gain in the benchmark S&P BSE Sensex. The NBFC's asset under management (AUM) topped the Rs 3-trillion-mark at the end of December 2023, swelling by roughly Rs 20,700 crore (35 per cent year-on-year) to hit Rs 3.11 trillion-mark.
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