Whether nominal or real, India's investment rate needs to increase by 3 to 4 percentage points of GDP to support 8 per cent real growth, recommends Nikhil Gupta.
Domestic macroeconomic data announcements, global trends, quarterly earnings and foreign fund trading activity would dictate terms in the equity markets this week, analysts said. Besides, movement of rupee against the US dollar and global oil benchmark Brent crude price would also guide the trading pattern in the equity markets. "From a macroeconomic perspective, market participants will be closely observing key events like the upcoming release of the US manufacturing PMI data, US services PMI data and US non-farm payrolls scheduled between August 1 and August 4.
Call it a revival of the information technology (IT) industry or increase in demand from non-IT sectors, office lease and sale transactions have picked up by 10 to 15 per cent in the past quarter.
Bankers expect RBI to drop rates though there may not be any increase in aggregate liquidity as banks are parking surplus funds with the central bank. Some sectors like the small and medium enterprises, real estate have not been getting adequate funds and RBI may extend a refinance line or special facility whereby they can borrow at a subsidised rate.
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Last fortnight, 206 companies from the BSE-500 hit 52-week lows as investors sold heavily in counters with dimmed prospects.
How domestic financial players are re-inventing themselves to get a larger share of the pie.
Oil-to-telecom conglomerate Reliance Industries (RIL) has emerged as the country's largest wealth creator, adding a staggering Rs 9.6 trillion over the past five years, according to Motilal Oswal's 26th Annual Wealth Creation Study. In doing so, the Mukesh Ambani-led company has beaten its own record of Rs 5.6 trillion generated in 2014-19. The study covered financial year 2015-16 (FY16) to FY21 and ranks the top 100 companies in descending order of absolute wealth created, subject to the company's stock price outperforming the BSE Sensex. The firms were also ranked according to speed (price CAGR during the period).
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Given the uncertainty on the US economic outlook, the rising rupee, and the lack of clarity on imposition of fringe benefit tax on stock options, analysts believe the companies may strike a note of caution on FY08 earnings.
Midcaps to remain at a significant discount to large caps
Apart from RIL, home-loan lender HDFC, pharma company Sun Pharma, auto major Hero Honda and software exporter Infosys have emerged among the top 100 wealth creators in the past one decade.
The BSE sensex now trades at a discount to S&P 500 and has corrected by 35 per cent from its peak of 20,873 points to close the quarter at 13,462 point in FY 08. The Sensex hovered around 13,349 on Tuesday. Over CY 04-07, the Indian markets delivered 40 per cent returns each year, the most consistent and superior retuns amongst all the global markets over this period.
Valuations of broking companies have halved since January 2008. Patient investors can start accumulating selective stocks with a long-term perspective.
With the economy growing at its slowest rate in a decade, India's banking system is facing rising levels of stressed loans, with $100 billion, or about 10 percent of the total, categorised as bad or restructured.
There could be near-term margin pressures for lifestyle accessories major Titan Company. Even as the company maintains its growth outlook over the medium term, it has revised its margin guidance for the jewellery segment downwards. The company has adjusted its medium-term margin guidance to 12 per cent from the previous range of 12-13 per cent.
The Indian equity market is likely to see one of its worst phases, with most sectors expected to report a decline in earnings or single-digit earnings growth in Q4 FY'09, a leading broking firm said in its report.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The ruling Bharatiya Janata Party received over Rs 785 crore in contributions from individuals, electoral trusts and corporates in 2019-20, which is over five times more than what the Congress received during the same period.
The top 100 companies have created wealth worth Rs 25.4 lakh crore during the period 2003-08, a study has revealed. "The top 100 companies, analysed during the period 2003-08, created wealth worth Rs 25.4 lakh crore," the Motilal Oswal 13th Annual Wealth Creation Study released on Friday said. Reliance Industries, with a significant wealth creation of Rs 3.1 lakh crore became the biggest wealth creator, said the study.
In 2022, gold emerged as the top performer among all conventional asset classes with over 14 per cent returns mainly owing to the depreciation of the rupee.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Brokerages expect India Inc to report an upturn in earnings for the March quarter of 2022-23, after a relatively muted showing in the previous two quarters. This growth is expected to be led by banking, financial services and insurance (BFSI) companies, FMCG firms, and automobile makers. The combined net profit of the Nifty50 companies (excluding Adani Enterprises) is expected to have grown 15.6 per cent to Rs 1.77 trillion in Q4FY23, from Rs 1.53 trillion a year ago.
Raamdeo Agrawal of Motilal Oswal Securities believes that the scope for surprises in the market in 2007 is limited; he expects 17-18% returns. Moreover, he says that there is no major concern at Sensex valuation of 17-18x.
Raamdeo Agarwal of Motilal Oswal Securities believes that the current market valuations are fair. He feels that the market is still buoyant and the sentiment will remain positive.
Raamdeo Agrawal of Motilal Oswal Securities believes that the market is fairly valued at the moment. He does not expect any slowdown in corporate earnings for FY06-07.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
Motilal Oswal of Motilal Oswal Financial Services tells Puneet Wadhwa why he thinks the current market levels will sustain.
Make minimum payments on all debts, then use extra funds to tackle the smallest debt first.
The June quarter is usually considered as a seasonally strong period for the IT sector.
Earnings growth has been surprising and there are some signs of overheating in the markets
Experts tell you about the stocks to buy and those to run from...
Mutual funds (MFs) lapped up shares of new-age businesses in April at a time when most of these stocks have recovered sharply from their 52-week lows. Nykaa and Zomato featured in the list of top 10 most bought shares by MFs last month, with fund houses' holdings in these two stocks rising by over Rs 1,100 crore, shows a report by Nuvama Alternative & Quantitative Research. Shares of Zomato had staged some recovery in April after remaining subdued for an extended period.
