Should deposit growth continue to outpace credit growth, banks may end up ceding some hard-earned 25-50 bps improvement in profitability or net interest margin gained in the past two years.
The S&P BSE Sensex gained over 100 points and ended at 26147.33 while the CNX Nifty ended 27 points higher at 7,795.75.
The official said the finance ministry will impress upon rating agencies the resolve of the government to contain fiscal deficit at 4.1 per cent this year and lower it to 3 per cent by 2016-17.
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
Investors must adhere to their risk appetite at all times and should do well for themselves over the long-term.
The current up move, according to analysts, closely resembles the rally post the global financial crisis in 2008-09, not just in quantum and speed, but also the way small-and mid-cap indices outperformed large-cap peers.
The year-to-date returns are 13.33 per cent for Indian funds, compared to 11.66 per cent for emerging market funds overall.
Lawyers say compensation may be an uphill task for investors because of a lack of judicial precedent and broader institutional difficulties.
IMD expects day temperatures to remain above-normal in select regions across the country between March and May 2021.
Monday's drop followed an 8.5 per cent slump in Chinese markets.
Liquidity pushed benchmark indices 22% higher to become the best performing equity market globally
FIIs continue to invest in India, with their net investment since September 2013 standing at about Rs 82,000 crore(Rs 820 billion)
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
The government is expected to dole out some populist policies, especially for the rural / farm sector while presenting the interim budget, given that the country is heading towards general elections over the next few months.
The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
The market breadth, indicating the overall health of the market turned negative from positive
Of these 26, Bajaj Finance, Associated Alcohols and Breweries, Garware Technologies, Filatex India, Tasty Bite Eatables, Aarti Industries and GMM Pfaudler saw an over 10-fold surge in price since 2014.
Tata Motors (down 1.7%) was the top loser on Sensex and Nifty, while Lupin (1.6%) gained the most.
Investing in the US market provides Indian investors a hedge against the rupee's long-term tendency to depreciate against the dollar.
Thus far in FY21, BSE, NSE have rallied 70 per cent and 71 per cent, respectively.
Acquisitions may have played a role in much of the increase.
HCL Tech and ONGC were the top gainers in the Sensex, rising up to 3.40 per cent.
Global rating agency Standard & Poor's on Thursday warned Asia may see lower growth this year due to adverse impact of oil price pressure and tsunami, but said India will be an 'exception.'
The best-case scenario -- to which Morgan Stanley attaches 30 per cent probability -- pegs the S&P BSE Sensex at 41,500 levels in the next 12 months.
Faster account opening, which allows investors to start trading without ever leaving their homes or visiting a physical branch of their local brokerage has played a role in the surge.
HCL Tech was the top gainer in the Sensex pack, rising over 4 per cent, followed by HDFC Bank, Infosys, NTPC, Nestle India, TCS and HUL. NSE Nifty surged 337.80 points to 14,845.10.
Analysts attribute this withdrawal trend to the nervousness ahead of US presidential elections and the fact that the markets raced ahead even as the economic recovery remained fragile back home.
Lupin was the top gainer after the USFDA cleared its Goa facility
'Our stable outlook currently points to the fact that the ratings are likely to remain stable for the next couple of years.'
Experts say the BSE Sensex could rise to around 32,000 in a year.
L&T was the top loser in the Sensex pack, dropping 4.99 per cent, after the engineering major posted a 45 per cent decline in consolidated net profit for the September quarter. Titan, ONGC, Axis Bank, HUL, NTPC, M&M and HDFC were the other major laggards, shedding up to 3.32 per cent. NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.
A delayed monsoon and soaring temperatures across the country are added near-term positives.
Money will flow to Europe, Japan - and the emerging markets, including India.
International credit rating agency Standard and Poor's has voiced concern over the fiscal deficit of the central and state governments even as it expressed happiness over the strong economic growth momentum.
Rising risk appetite amid higher confidence and attractive valuations favours these counters, apart from their performance.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
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