Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
FIIs continue to invest in India, with their net investment since September 2013 standing at about Rs 82,000 crore(Rs 820 billion)
Fitch Ratings on Wednesday cut India's growth forecast to 10 per cent for the current fiscal, from 12.8 per cent estimated earlier, due to slowing recovery post second wave of COVID-19, and said rapid vaccination could support a sustainable revival in business and consumer confidence. In a report, the global rating agency said the challenges for banking sector posed by the coronavirus pandemic have increased due to a virulent second wave in the first quarter of the financial year ending March 2022 (FY22). "Fitch Ratings revised down India's real GDP for FY22 by 280bp to 10 per cent, underlining our belief that renewed restrictions have slowed recovery efforts and left banks with a moderately worse outlook for business and revenue generation in FY22," it said. Fitch believes that rapid vaccination could support a sustainable revival in business and consumer confidence; however, without it, economic recovery would remain vulnerable to further waves and lockdowns.
Liquidity pushed benchmark indices 22% higher to become the best performing equity market globally
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.'
With the Budget overhang gone, investors are breathing a sigh of relief and are back to make fresh calls.
Petrol and diesel prices on Thursday climbed to fresh highs in the country as rates were hiked by the most in recent times, even as fuel retailers said the government can cut taxes to ease consumer burden. Petrol and diesel price was hiked by 35 paise per litre each after a gap of a week, according to price notification of state-owned fuel retailers. The increase took petrol prices to a fresh high of Rs 86.65 a litre in Delhi and to Rs 93.20 in Mumbai.
Very gradual fiscal consolidation glide path with looser-than-expected fiscal policy; good quality spending mix and reasonable assumption on fiscal math; and focus on privatisation, asset monetisation and long-term funding for infrastructure investments, according to Morgan Stanley, are the three key themes from the Budget 2021.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
The market breadth, indicating the overall health of the market turned negative from positive
Tata Motors (down 1.7%) was the top loser on Sensex and Nifty, while Lupin (1.6%) gained the most.
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.
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.
Dr Reddy's was the top gainer in the Sensex pack, rising over 3 per cent, followed by PowerGrid, TCS, HCL Tech, Infosys and Reliance Industries. On the other hand, L&T, IndusInd Bank, Bajaj Finserv and Bharti Airtel were among the laggards.
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.
Experts say the BSE Sensex could rise to around 32,000 in a year.
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.
Money will flow to Europe, Japan - and the emerging markets, including India.
Lupin was the top gainer after the USFDA cleared its Goa facility
A delayed monsoon and soaring temperatures across the country are added near-term positives.
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.
Given that there has been no negative news flow around Zomato, analysts believe it's time to lap up the shares at lower levels.
Our advice to investors -- subject to your risk appetite, get invested in tax-saving funds using the systematic investment plan (SIP) route.
Investors would do well to curb their enthusiasm and not digress from their investment objectives.
Rising risk appetite amid higher confidence and attractive valuations favours these counters, apart from their performance.
The good times continued unabated for mutual fund investors in June 2005. Popular indices like the BSE Sensex and S&P CNX Nifty touched record highs.
'Our stable outlook currently points to the fact that the ratings are likely to remain stable for the next couple of years.'
The year-to-date returns are 13.33 per cent for Indian funds, compared to 11.66 per cent for emerging market funds overall.
HCL Tech and ONGC were the top gainers in the Sensex, rising up to 3.40 per cent.
The S&P BSE Sensex has rallied about 28 per cent in 2014, after formation of a stable government at the Centre.
McGraw-Hill and S&P India on Monday revised upwards their offer price by about 14 per cent to Rs 775 per share to acquire up to 65.57 per cent stake in credit rating agency Crisil.\n\n
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 benchmark S&P BSE Sensex declined 37.69 points, or 0.15 per cent, to end at 25,190.48 and the NSE CNX Nifty ended 8.55 points, or 0.11 per cent, down at 7,533.55.
Legendary investor Warren Buffett feels that the US debt is still worth 'AAA' rating and if anything has to change, it may be his opinion about rating agency S&P rather than his view on US Treasury bills.
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.
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