After demonetisation, sharp fall in PE valuation offers an attractive entry point into some quality names and these 3 FMCG companies are expected to see the fastest growth in earnings with at least 15 per cent upside potential
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
HSBC analysts believe the UV which might sell about 3,000 units a month might fail to be an aspirational product in urban India.
After the Bihar setback, these are the issues the PM must address to maintain the people's faith in him.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
India Inc expects the RBI to cut interest rates by early next year.
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
Companies from the capital goods space will under-perform.
The Indian indices also offer one of the lowest dividend yields.
Expects to raise Rs 9,300 crore from Indian Oil share sale on Monday
The watershed 2014 Indian election has thrown a decisive mandate after 30 years of coalition-based governments.
If the economy gains momentum, that is a big positive for markets, given the strong macro of low inflation, falling rates, and a stable rupee, says Akash Prakash.
An analysis of the National Housing Bank's Residex shows from 2007 to now, almost all tier-II cities have seen their residential property prices appreciate by 45-120 per cent.
The Indian currency had appreciated by a whopping 85 paise in three-day surge
Growth in credit card outstanding has been the fastest compared to other personal loan segments
And why markets could give up 25 per cent of all these gains made since March 2020
Theoretically, there is an inverse relationship, but other factors need to fall in place for it to work well this time
Sensex ends lower; govt schemes in focus.
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In the global market, the dollar was quoted lower in the early trade with investors looking ahead to the following day's European Central Bank policy decision.
Markets are likely to go down, correct and stay subdued.
UBS said RIL's $10 billion petchem capex by 2016 will drive 12 per cent volume CAGR.
Markets ended at record closing highs for the second day in a row on institutional buying.
After their merger Vodafone Group CEO, Vittorio Colao says India is not a Jio market alone. Aditya Birla Group CEO, Kumar Mangalam Birla says Vodafone is dominant in metro cities, while Idea is a big player in urban, semi-urban markets.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
'We are very watchful about inflation and growth. But the main challenge is economic revival and growth.'
'The focus is more on the outlook for global growth'.
A stable dollar will at minimum reduce incremental cross-currency pain for Indian cos.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
Modi government needs to focus more.
ADB projected China's growth to decelerate from 7.4 per cent
Persistent foreign capital inflows also boosted sentiment.
In the near term, the key driver will still be the government's fiscal spending.
Large and small businesses alike have delivered low-key performances.
SBI remains a favourite of most brokerages in the PSB segment.
RBI governor Raghuram Rajan, on Monday, said the current level of the rupee is "pretty reasonable" and any attempt to devalue it may lead to a surge in inflationary pressures and "offset any benefits"
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
Custodian banks are selling dollars for their foreign fund clients.
'If global growth continues to be sluggish, India instead could potentially take a bigger piece of a shrinking pie,' says Prachi Mishra, managing director, Global Macro Research, and India chief economist, Goldman Sachs.
