This is first time in 25 years that a benchmark equity index in India is trading at a P/E multiple of 40x or higher.
The brokerage also pegged 2013-14 growth at 6.9 per cent and at 7.5 per cent for FY'15. It also has one of the highest gross domestic product forecasts for the current fiscal at 5.7 per cent.
Liquidity has improved, but 20 out of 24 NBFC stocks are staring at an over 5% reduction in 12-month target prices.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'At the current time, we should be vaccinating all those who are potentially going to get more severe illness, before we start vaccinating very young individuals.'
The repo rate has been left unchanged at 4 per cent, Governor Shaktikanta Das said while announcing the decisions taken by the central bank's MPC.
They pointed out that Finance Minister Nirmala Sitharaman relies a lot on divestments, where the government under-performed in FY2019-20, to achieve the 3.8 per cent fiscal deficit target.
Morgan Stanley attributes the strength in the domestic rally to local flows.
After monetising Jio Platforms -- which houses the firm's telecom arm and digital ventures, richest Indian Mukesh Ambani is looking to rope in investors in the retail business.
The 30-share Sensex ended up 190 points at 25,519 and the 50-share Nifty climbed 57 points to end at 7,626.
Cricketing great Ian Chappell feels a sportsman 'doesn't necessarily' need a crowd to be 'spurred on' but he acknowledges the eeriness of empty stands at SCG where Australia thrashed New Zealand in Friday's ODI. The astute former Australia captain also spoke about the positive side of watching a cricket match without cheering fans.
The accident occurred when the private boat 'Ma Kamala' was headed to Majuli from Nimati Ghat and the government-owned ferry 'Tripkai' was coming from the riverine island.
Despite the large economic impact of the Covid-19 pandemic, the markets have recovered sharply even though the performance among individual stocks has been quite polarised.
Add a fun, vibrant twist to your weekend with a vegetarian mezze platter.
While analysts remains overweight on financials, property, discretionary, industrials and materials, they maintain a neutral stance on pharma, telecom and energy; and underweight on staples, utilities, and IT services.
The closure of BPSL would add about three million tonnes capacity to JSW Steel's existing 18 million tonnes.
I think about my kids. I say 'No, they cannot lose their dad today.'
Ageing is a funny process. After rebelling and exploring, the human being drifts to the ordered arrangement, he/she once left. As a youngster I outgrew ABBA while my mother continued to like them. In September 2021, when ABBA's first single in 40 years was launched, I sent the video link to my mother. Meanwhile, now in my fifties, I find myself curious to hear ABBA's new songs, notes Shyam G Menon.
Lenders can now initiate recovery proceedings since the SC has lifted the standstill on asset classification, which protected stressed accounts from slipping into NPAs.
'The question often being asked is whether the demand for petrol and diesel is price inelastic?' asks Arun Balakrishnan, former chairman and managing director, Hindustan Petroleum.
Analysts say investors should increase their exposure to gold up to 10% of their portfolio, depending on their comfort with a 2-year horizon. But avoid investing in physical gold or deposit schemes run by jewellers
India's factory output climbed 22.4 per cent in March, benefiting from the base effect of the lockdown-marred month a year back as well as a turnaround in the manufacturing sector, while retail inflation slipped to a three-month low of 4.29 per cent in April. The high positive annual growth in the index of industrial production (IIP) in March 2021 came on back of a contraction of (-)0.9 per cent and (-)3.4 per cent in January and February 2021 respectively, according to the data released by the National Statistical Office (NSO) on Wednesday. This turnaround was led by recovery in the mining, manufacturing and electricity sectors.
The executive director of the WHO, Michael Ryan, said India, the world's second most populous country, has a tremendous capacity to deal with the coronavirus outbreak as it has the experience of eradicating the small-pox and polio through targeted public intervention.
A weak economy coupled with rising Covid-19 cases and inflation that is above RBI's comfort zone, geopolitical developments, and upcoming India Inc's second quarter results for FY21 could impact sentiment, analysts say.
Experts say, investors will be better off exiting them at higher levels and investing in stocks of fundamentally sound companies.
Reports suggest state-owned banks have lapped up Rs 40,000 crore, so far, using both bonds and equity instruments. The question, though, is whether there will be a perceptional change for PSB stocks.
Stretched valuations and slowdown in DII flows are some of the reasons why Goldman Sachs cut its India rating to 'market-weight'
Reacting to the embarrassing development, Khan chaired an emergency Cabinet meeting and took back the notification to extend services of General Bajwa.
'Political parties bring out money they have stashed away and start spending it. How large that spending will be depends on how much money has been stashed. So, you are going to have a strong upside coming from the election effect,' says Pronab Sen.
'Students are taking a keen interest in a hybrid model, where they start classes online and then complete the course on campus.'
The liquidity-fuelled rally will continue for some time, however, fundamentals are getting stretched.
'I realised that if we don't get relief from the government, I'll be faced with the prospect of either starving in Delhi, or starving in my village.'
While large-cap funds, in three months, yielded gains of 26.3%, small-cap funds are up 37.9%, and mid-cap funds fetched returns of 29.9%.
The economy has shown sharp resilience in the past and has also bounced back in good time. We could hence expect a similar trajectory next year, observes Madan Sabnavis, chief economist, CARE Ratings.
Charles Leclerc put Ferrari on pole position for their home Italian Formula One Grand Prix on Saturday in a qualifying session that ended in farce and with drivers under investigation.
Indian equities are no longer cheap vis-a-vis global markets, and only a short distance away from being the most expensive they have ever been.
Daybell said that after a difficult few months a sense of normality was returning to the COVID-19 ward in the north London hospital where he works.
'People know if inflation is not within the tolerance band, then action will be taken so they do not expect inflation to rise above that.'
Nine members of a family were among the deceased in the first incident which took place around 11.15 pm on Wednesday, when Mumbai experienced heavy rains throughout the day, at the New Collector Compound on Abdul Hamid Road in the Malwani area of suburban Malad, the officials said.
Check out some of the stocks that will react on the basis of their numbers in the near term.
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