Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Equity investors grew richer by Rs 32.49 lakh crore in 2020 on the back of smart returns in the stock market which had a roller-coaster ride during the year hit by the coronavirus pandemic. The COVID-19 outbreak ravaged lives and livelihoods on a global scale, shuttering businesses and jolting world equities. But amid all the gloom, Indian stock indices gave hope of returning to winning ways towards the latter part of the year.
The combined net sales of 42 listed construction and capital goods companies that have declared their third-quarter results so far were down 2.3 per cent year-on-year in Q3FY21 while core operating profit was up just 4.9 per cent YoY during the quarter.
India Inc's cash pile was up 13.8 per cent last fiscal year, thanks to a combination of higher profits in sectors such as IT and fund raising by top companies such a Reliance Industries, Bharti Airtel and Tata Motors, among others.
But what do banks gain by opening their apps for all? The answer -- rival bank's customers under their fold.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
Motilal Oswal of Motilal Oswal Financial Services tells Puneet Wadhwa why he thinks the current market levels will sustain.
Experts say, investors will be better off exiting them at higher levels and investing in stocks of fundamentally sound companies.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Given the nature of the money stuck, investors are fast losing patience with the exchange.
A nationwide and compulsory switch to BS-VI is due from April 1, 2020. Amid increase in input and other costs, companies had decided to increase the price of their vehicles from January 2020. This is expected to push sales of passenger vehicles by 2 to 4 per cent in December; reportedly, bookings are in that range.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Analysts said the demand recovery in two-wheeler and car segments was skewed towards the semi-urban and rural markets.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Experts said a future rate cut would depend on the inflation.
Pradip Shah, managing director, IndOcean, feels that although gold has done reasonably well, it doesn't really create too much value in the long run.
The combined profit before tax of 748 companies, which have declared their results for Q1FY21, is down 46 per cent YoY. Their net sales went down by a quarter as the Covid-19 lockdown led to a sharp fall in economic activity.
Motilal Oswal Financial Services has posted a net profit of Rs 20.4 crore, a sharp drop of 62 per cent compared to the corresponding period of the previous year. The fall is attributed to the tough market conditions. Kochi-based Geojit Financial Services has posted profit after tax of Rs 38.63 crore after the company received Rs 40 crore as compensation from BNP Paribas for discontinuing the commodity business.
Move can also bring a huge change in the way business is done in India, where firms use multiple current accounts, often for even individual projects, making them difficult to monitor.
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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.
International brands such as Daikin, Hitachi and Samsung, which were largely present in the premium products range, are getting aggressive on expanding their mid-range portfolios to penetrate into smaller cities and towns. While competition isn't hurting Voltas just yet, which has managed to retain its market share at 24.4 per cent as of September 30 (Q2), the main question is whether the company can defend its market share without compromising on profitability.
Auto, pharma, IT, chemicals among sectors with significant reliance on UK and European nations with Tata Motors, Motherson Sumi, Tata Steel, TCS, Wipro, Infosys and Tech M among key names.
The move is meant to curb or reverse the export of India's financial markets to overseas trading platforms.
The turbulence witnessed by the stock market this year has adversely affected brokers but Motilal Oswal, Chairman and Managing Director, Motilal Oswal Financial Services says he is unruffled. "Revenues have been hit if you compare them on a quarterly basis. The earnings were exceptionally high during the last two quarters of 2007, as the benchmark indices rose more than 30 per cent during the period. Given the swift rise in share prices, this slowdown was expected."
'The bull does not want to go in front of the crowd, so they put chillies on his private parts etc to make him enter the game arena.'
The test - called the Truenat Beta CoV test - effectively enables same-day testing, reporting, and patient isolation initiation.
Reliance Money has emerged as the top brokerage house in terms of online security and cost effectiveness, while Motilal Oswal leads as the most research driven stock trading platform, a survey says.
The companies that have seen sharp erosion of market wealth include YES Bank, Indiabulls Housing Finance, Zee Entertainment, Vodafone Idea, and Bharat Heavy Electricals.
To be able to tide over the current crisis, automobile manufacturers have waged a war against all cost heads.
The damage to Gujarati-owned property has forced Gujarat Chief Minister Narendra Modi to write to Prime Minister Manmohan Singh. He requested the prime minister to take up the issue with the Kenyan government and ensure safety of the Gujarati community there.
Shares list at 21% premium over offer price of Rs 825.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
VIX is meant to indicate investors' perception of the annual market volatility over the next 30 calendar days. The higher the value, the higher is the expected volatility and vice versa. VIX touched its historical peak of 85.13 on November 17, 2008, in the aftermath of the collapse of Lehman Brothers. In the past five years, it has stayed below 30.
Market sources said other brokerages are also looking to streamline their business models as market volatility, along with increasing competition, has taken a toll on earning yields.
Overall, the domestic FMCG market bounced back to levels of 98 in June compared with 75 in May and 101 in March before the nationwide lockdown was announced. The pre-Covid March index for foods was 103, and for non-foods, it was 99.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Stronger rupee likely to take a toll; Infosys results on April 13 to be keenly watched
Pharmaceutical major Matrix Laboratories has emerged as the fastest wealth creator while state-owned Oil and Natural Gas Corporation
These five stocks, which have lagged the markets over the last two years, have doubled in value since March 23.
