The real estate sentiment fell to a three-year low in the October-December period, indicating pessimism among developers and financial institutions which reeled under the demonetisation pressure, says a report.
The festive season is when people usually loosen their purse strings as this is an auspicious time to buy a home. Usually, this means a windfall for developers. But with the property market in R
The monthly Reuters Tankan, which tracks the Bank of Japan's (BOJ) quarterly tankan survey, also found that confidence at manufacturers and service-sector firms is expected to improve in December, easing pessimism about the economy's outlook.
More activity is visible across sectors and USD 8-10 billion transactions are expected in every quarter of current fiscal, says Rajiv Memani, Chairman of the E&Y‘s Global Emerging Committee.
India's domestic economy continues to show signs of strength, but popular indices like Nifty may languish for a while given the large weight of Financials, as we believe the pool of stressed assets is bigger than currently addressed, says Credit Suisse
Equity mutual funds have witnessed net inflows for sixteen consecutive months till August, aggregating to USD 19 billion, the longest and highest streak of inflows on record
Gross margins to remain in 74-76 percent band and benign commodity prices (cheese and other ingredients, fuel prices, packaging) would support margin growth, Jubilant Foodworks said in the concall
Market expert Ambareesh Baliga says the Coal India offer for sale (OFS) is coming at a very opportune time and retail investors should make the most of it.
Nirmal Jain, chairman, IIFL says the positive sentiment boost has aided teh company's numbers.
The government has said that India has just started seeing signs of an economic revival so right now would not be the best time for GAAR.
Shikha Sharma, managing director and chief executive officer, Axis Bank says the worst for the banking sector is behind everyone and credit costs are likely to improve hereon.
Desai expects the Sensex to rally as high as 33900, but with some conditions- the government continues to work on it fiscal consolidation path and the Fed doesn‘t take an disruptive policy action.
The company has also started a massive handover drive of the projects completed in 2007 and is seeing significant success in Chennai and Bangalore.
The USFDA today approved Ranbaxy‘s drug called Plendil generic, which is used for hypertension. Ranbaxy was expected to be the authorised generic for this particular drug, but it is already genericised and there are already 6-7 players in this market for this particular drug.
Sandeep Shenoy of Anand Rathi Financial Services believes the Indian equity market movement is more related to the currency performance and policy moves than the policy logjam in Washington.
CNBC-TV18's Udayan Mukherjee feels that the focus of the market could be back on the global news from the US Federal Reserve, emerging market inflows as these will drive them ahead from here.
In a discussion to CNBC-TV18 A Prasanna, chief economist, ICICI Securities, Prasanna says that the governor will have to be hawkish, to bring down inflation and bring back the central bank‘s lost credibility in doing the same.
Manoj Rane, managing director and fixed income & treasury-India, BNP Paribas believes the woes on the current account deficit (CAD) are more currency specific now.
In an interview to CNBC-TV18, Ashutosh Raina of HDFC Bank says that the RBI moves to force the market to cut long dollar positions seem to have been achieved and hence the rupee is likely to be rangebound between 62.5-63.5 against the US dollar.
In an interview to CNBC-TV18, Taimur Baig, economist, Deutsche Bank says that investments may be a casualty of too many policy moves. He adds that the market is in the dark as to what the monetary authorities really want to do as there is no communication on the same.
Investors pulled out a record of USD 23.3 billion out of the funds in the prior week and invested USD 2.11 billion to bond funds in the latest weeks, a data from EPFR Global showed on Friday.
A survey by Bank of Japan revealed that the sentiment among Japanese manufacturers had turned positive in the past three months. The service sector was also positive on robust private bank consumption.
Sandeep Parekh of Finsec Law Advisors feels that the KM Chandrasekhar Report will not turnaround sentiment because fundamentals are not changing. But he says that procedural glitches of the investment process for foreign participants will get reduced, which is one factor that could change sentiment.
Asserting that foreign investors are convinced about growth potential here, global ratings major Fitch's Indian unit chief says that much of the investments would start pouring in after general elections.
Asia's top companies, especially those in the export engines of China, Japan and South Korea, are wary about their business outlook, while Southeast Asia is outperforming as a result of strong local consumption, the latest quarterly Thomson Reuters/INSEAD Asia Business Sentiment Survey shows.