FPIs are currently capped at 5 per cent of the total outstanding government dated securities, and own 4.5 per cent
Though most experts remain bullish on the banking space, they suggest investors buy only those banks whose NPAs are at a manageable level of 3% to 4% and there is credit growth or earnings visibility.
Implementation of the Seventh Pay Commission recommendations, One Rank, One Pension are the other triggers going ahead, analysts say
Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.
Concerns are swirling that Japan's dream of hosting the Tokyo 2020 Olympics could be a fatality of the spread of the new coronavirus, jolting organisers, sponsors, and media firms who have spent billions of dollars in the run-up to the event. Global insurers face a hefty bill if the coronavirus forces the cancellation of the Games, with estimates of the cost of insuring the showpiece running into billions of dollars.
Top gainers in the Sensex pack included Hero MotoCorp, Maruti, M&M, Bajaj Auto, HUL, HCL Tech, Bajaj Finance, ITC, HDFC and L&T, rising up to 7.51 per cent.
New Delhi says existing food stocks will be sufficient to contain any food price shock.
HDFC and HUL are the latest entrants in the club
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
There will be pressure on the fiscal situation, especially at a time when the monsoon can also disappoint. More populist expenditure is on cards if the mandate is a hung Parliament or a coalition government.
Analysts expect RIL to report consolidated revenue of Rs 1.40 trillion and 10 analysts expect RIL's net income to be Rs 9,629 crore
The new hire, Gangadhar Darbha, joined as a consultant
.jpg)
Bank has cited trend of global easing and weak growth
Equity strategists are basing their expectation on strong corporate earnings recovery, supportive global economic growth, and gradual improvement in business sentiment.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
Reliance announced energy asset sales worth around $ 16 billion; end of the investment cycle in telecom; bringing net-debt to zero in 18 months; value-unlocking options for real estate and financial assets; listing of telecom and retail in five years; and focus on dividends.
The NSE Nifty after shuttling between 10,397.60 and 10,279.35 points, ended 47 points, or 0.45 per cent lower at 10,301.05.
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
Bankruptcy Code will consolidate existing laws related to liquidation and sick industries
Shares of Tata Consultancy Services on Wednesday plunged almost 4 per cent, wiping out about Rs 16,000 crore (Rs 160 billion) in investor wealth, after the IT major indicated to analysts that weak India business and lower working days could drag down March quarter growth rate.
Recent rates cuts by most banks may not have a significant impact on margins, say analysts.
While TCS will see demand in the US and Europe, its local business is likely to be hit on poor IT spending.
The Chinese currency too is expected to continue its fall.
Analysts welcomed the better Q2 GDP readings of 4.8 per cent, which came in above their expectations, but warned that the planned expenditure cuts by the government will be the key thing to watch out going forward.
The combined market capitalisation of the 21 listed PSU banks declined by about Rs 76,000 crore to Rs 425,800 crore during the month.
A bonus is given to existing stockholders in proportion to the number of shares they already hold.
Between now and the general elections (likely in May 2019) there are 12 assembly polls, which analysts say, in a way will also be interpreted as a referendum on the Modi-led government's key reforms
Here's how brokerages across the country are interpreting the exit polls.
RBI projects GDP growth in FY16 at 7.8 per cent, 30 bps higher than FY15. However, this comes with a downward bias.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
Market experts believe the retreat is because of uncertainty.
Share rises further to 73 per cent from 66 per cent last year; Some overseas i-banks seen scaling down operations
For the first time since 2008, first quarter of 2014 (Jan-March) saw signing of 10 mega-contracts worth $100 million in ACV.
The fuel reforms are a very important signal of the government's commitment to tough economic reforms.
The Sensex has slid 18.5 per cent from its January 2015 peak.
The prices of oilseed, coarse cereals & vegetables could also be affected.
This works only for longer-tenured ones such as income funds, as the element of interest rate risk is reduced.
After last Monday's massive fall in the Indian markets, a lot of quality stocks have fallen significantly.
Sun Pharma expects synergy benefits by next fiscal.
