'The problem is not just slower growth, but also the quality of growth.'
From the Sensex pack, NTPC, Tata Motors, Titan, Larsen & Toubro, Reliance Industries, IndusInd Bank, Infosys, HDFC Bank and Power Grid were among the major gainers. Wipro and Tech Mahindra were the laggards.
Manufacturing companies have been outperformers on the bourses in the current year, leading to a rise in their weighting in the benchmark index. Companies in sectors such as FMCG, automobile, pharmaceuticals, metals, cement, and agrochemicals now account for 25.43 per cent of the Nifty 50 index, up 88 basis points from 24.55 per cent at the end of December last year and a record low of 23.1 per cent at the end of CY20. The manufacturing sector is now dominated by FMCG majors such as Hindustan Unilever, ITC, Asian Paints, Nestle, and Britannia, accounting for 45 per cent of the combined market cap of all manufacturing companies in the index.
Vikas Khemani, President & Head-Institutional Equities, Edelweiss Securities, feels Finance Minister Pranab Mukherjee could really make Union Budget 2012-13 an important one.
Vikas Khemani, the executive vice president & co-head, institutional equities at Edelweiss, spoke with rediff.com on sectors, themes and stocks that could make investors wealthy in long run.
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
Auto and index heavyweights Reliance Industries and ITC were the top losers in early trades.
After giving negative or low returns from 2013-2016, the Nifty Realty Index is up a whopping 91.14 per cent, making it the best performer year-to-date. Can you still make money in this sector? Sanjay Kumar Singh finds out.
The rupee has depreciated 2.35 per cent in the past three months and one per cent in the past month, despite strong capital flows and falling oil prices.
Asset quality stress has ballooned recently, as growth slowed and interest rates continued to rise.
Besides foreign flows, corporate earnings and US Federal Reserve chief Janet Yellen's testimony to the nation's legislature are also likely to impact investor sentiment.
FIIs accumulated India's top-listed companies at an average valuation of around 16 times.
Its rich valuation with a PE of 62 times raises downside risk for investors
For top IT services firms, revenue growth in FY15 was the slowest since the Lehman crisis
Analysts refuse to read too much into the early birds numbers.
During the dot-com bubble, it had touched a high of 1.9.
Experts expect the trend to continue in the near term.
Beat gains made by mid-cap, broader indices.
These firms reported a combined operating profit of Rs 26,077 crore (Rs 260.77 billion).
This analysis is based on the quarterly earnings for 724 companies.
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
In the past 12 months, such earnings have grown in double digits in Europe, the US, Japan and South Korea.
In five years, per-employee revenue for IT companies grew at 9 per cent each year.
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
EM asset classes could rally if the pace of US Federal Reserve rate increases moderates.
If financials and oil sectors were removed, India Inc has done quite well.
Through the past 12 months, the Bank Nifty has risen 55%
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
Lower IT exports will raise India's dependence on capital flows to fund imports.
The growth premium India enjoyed has largely been lost.
The markets gained nearly 7 per cent in the 4 trading sessions of March.
Overall market benchmark Sensex is headed for its worst performance in four years with a decline of 1,650 points
In India, bond yields have fallen nearly 70 basis points in the last one year.
With commodity markets remaining soft and uncertain, it is likely the money will flow into equity markets with strong upsides, such as India.
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
Sensex rose 5.8% this year, against a 3.2% rise in Nifty; Axis Bank inclusion may blunt Sensex edge
The rise in India Inc's market value was led by asset-light firms.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
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