The rise of startups and a thriving entrepreneurial culture in Tier-II and Tier-III cities is contributing to the increasing sales of high-end cars.
In this second part of a series, Sudha Mahalingam goes deep into silk territory in Kazakhstan and says that the Ferghana Valley seems like a gift from the Gods
Glimpses from the lives of Modi look-alikes...
Ace rally driver Gaurav Gill will spearhead India's challenge in the Delhi Championship with MRF, an official support race of the inaugural Indian Grand Prix on October 30 at the Buddh International Circuit at Greater Noida.
Team MRF's Arjun Balu beat teammate Gaurav Gill by a mere six seconds in the 3km super special stage on the opening day of the Coffee Day Championship Rally.
'Historically, the markets tend to perform well during election years as governments aim to increase spending and call attention to growth.'
Global trends, macroeconomic data, and the outcome of the US Fed policy meeting are the major factors that will drive the movement in the domestic equity markets this week, analysts said. "In the upcoming data-centric week, the focus will be on crucial releases, including inflation data from India and the US. "Indian inflation is expected to rise, while US inflation will remain steady.
Smaller stocks have emerged as Dalal Street's favourites in 2023 that has turned out to be a "great year" for equities, rewarding investors with big gains, driven by optimism over the country's macroeconomic fundamentals and heavy retail investors participation. Experts said equity markets are experiencing a prolonged bull run and it is during this time that the midcap and smallcap segments tend to outshine their larger counterparts. Till December 22 this year, the BSE smallcap gauge has jumped 13,074.96 points or 45.20 per cent while the midcap index has surged 10,568.18 points or 41.74 per cent.
Prime Minister Narendra Modi would have got a tough fight in Varanasi had Congress general secretary Priyanka Gandhi Vadra contested against him as Indian National Developmental Inclusive Alliance (INDIA) candidate, feel party workers from the temple town.
United States President Joe Biden has slammed his predecessor Donald Trump for dragging Indian-American Republican presidential candidate Nikki Haley's husband into the swirl of personal attacks.
Riding on a bull run, equity investors became richer by Rs 128.77 lakh crore in the 2023-24 fiscal, driven by robust fundamentals of the Indian economy, increased investment inflows and promising corporate earnings. After a muted performance in 2022-23, equity markets made a remarkable recovery in FY24, giving handsome returns to investors. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in 2023-24.
The 23-year-old from Delhi and co-driver Moosa Sherif finished the nine special stages of the Coffee Day Championship Rally in Chikmagalur a whopping 1 minute 52 seconds ahead of MRF teammate Arjun Balu and co-driver Kumaraswamy.
Public-sector enterprise stocks have seen a good run thus far in 2023-24 (FY24), with the S&P BSE PSU Index surging by over 26 per cent during the period, compared to an 11 per cent increase in the benchmark S&P BSE Sensex.
Shailaja Teacher, arguably the most famous Covid warrior in India, versus former student leader Shafi Parambil who defeated 'Metro Man' E Sreedharan in the last assembly election. Shyam G Menon reports from the Vadakara Lok Sabha constituency, which some feel is the most politically important contest in Kerala this election.
Despite multiple headwinds at the start of 2023, the Indian markets delivered a strong performance, posting 19-20 per cent growth for the year. Even as new records were set, investor sentiment remains strong going into 2024, given the lower inflation, expectations of steady to lower interest rates, higher economic growth, and strong inflows. However, the overriding concern for most brokerages is valuations.
'More than investors, fund houses, and advisors have raised caution and limited flows on small-and mid-caps.'
The biggest bounce is in the realty sector, where the industry index jumped 80%. There's been a turnaround also in automobiles and ancillaries (up 45%). The pharma and health care indices have a welcome return of roughly 35%.
2014 was a great year for Sensex which never looked back and climbed high significantly.
'If rate cuts happen, bond yields will come down and investors will make mark-to-market capital gains on them.'
'In Western UP, last time a lot of Dalits voted for the BJP.' 'This time, there is a rethink among Dalits about the extent of their support for the BJP.'
US President Donald Trump described this a terrible event.
For the Mizo people, tribal and family identity are important. But so are jobs, farmers' access to markets, roads, and health facilities for a young population where drugs are a big affliction.
Tyre stocks have been on a tear over the past six months, with average returns exceeding 45 per cent. Except for Apollo Tyres, which has seen a slight correction in the last month and a half, limiting its gains to 16 per cent, listed peers such as MRF, CEAT Tyres (formerly Cavi Elettrici e Affini Torino), and JK Tyre & Industries have delivered returns exceeding 30 per cent during this period. Production-related constraints and sluggish demand in Europe, where sales are expected to remain flat, coupled with high valuations, have contributed to Apollo Tyres' underperformance. The tyre sector's gains can be attributed to robust growth trends driven by the replacement market, which constitutes more than two-thirds of sales.
The first Indian woman to clinch a Paralympic medal, a thrilled Deepa Malik says her F-53 shot put silver is a result of being daring enough to dream. Deepa's best throw of 4.61m from her six attempts was enough to clinch the silver medal. "I dared to dream and I have determination to work hard and the passion and perseverance to follow that dream. Women often lose that and I have ensured that my family is not neglected, my children are doing well too," Deepa said.
'The market should maintain optimism on the back of range-bound oil prices, a robust fiscal balance sheet, a better-than-expected monsoon, and moderating inflation.'
Indices across Indian equity markets have edged towards new record highs before undergoing a small correction in the past few sessions. The National Stock Exchange Nifty has gained 20 per cent in the past year; mid-caps (up 33 per cent), small-caps (up 31 per cent), and micro-caps (up 44 per cent) have done better. Several factors have precipitated this rally.
Foreign investors made a net investment of Rs 1.1 lakh crore in equities in 2014-15.
'Geopolitical risks and their impact on oil prices, if any, are another concern for global markets, particularly for India.'
'Investing in the stocks of holdcos can be a very efficient and inexpensive way of gaining exposure to the stocks of India's reputable growing business houses.'
'India seems to be on a relatively better wicket compared to other emerging markets.'
Aseem Chhabra lists his favourite Indian films of 2021.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
As lakhs of Patels gather for a rally seeking reservations, Ahmedabad has 20,000 cops ready with water cannons, drones, surveillance cameras, bomb disposal squads and quick response teams to maintain law and order, reports Prasanna Zore/ Rediff.com from Ahmedabad.
Quarterly earnings and global cues will be the major sentiment driver for the equity market this week, according to analysts. Of late, Benchmark indices have been on a record-breaking run. "Quarterly results will dictate market sentiment and will be the talk of this week as they pick up the pace. "D-Street will be all ears to any management insights to forecast the future earnings trajectory.
'As soon as the violence broke out, they should have stepped in and sent a message that the state is there to stop this violence.' 'Had they done it right there, the situation would not have gone out of control.'
FC Goa fought back from a goal down to hold defending champions Atletico de Kolkata 1-1 in their second round match of the Indian Super League at the Nehru stadium, in Fatorda, Goa, on Wednesday.
The most important positive of India's stealth bull market is earnings growth across different sectors, explains Debashis Basu.
Accommodative monetary policy has driven a bull market in stocks in recent years, but the Bank of England is expected to raise interest rates early next year and the U.S. Federal Reserve not long after, tempering future gains.
From the pandemic shocks to state polls to global trends, a raft of sentiment drivers are expected to steer the Indian stock market in 2022 after a historic year of massive investor returns and milestones. The Union Budget, which will be closely watched for further reform moves, and quarterly earnings of corporates will be among the developments on investors' radar amid global central banks moving towards tighter interest regime in the wake of inflationary pressures. The year 2021 was rewarding in a big way for equity investors.
Summary of sports events and persons who made news on Tuesday
