BUSINESS
One market, many moods: Why some sectors are depressed, and some buoyant
Not only between industries, even within an industry there are pockets of boom and gloom. The K-shaped recovery of the economy can impact consumption going ahead.
BUSINESS
Cement demand revives as slack season ends, govt infra spend picks up
Industry margins set to rebound on recovery in prices and drop in fuel costs; UltraTech, JK Cement and Dalmia Bharat are among top analyst stock picks.
BUSINESS
Taking Stock | RBI minutes-triggered volatility mars weekly expiry, indices end lower for the third day
Top Nifty losers included UPL, Mahindra & Mahindra, Bajaj Finserv, Eicher Motors and Tata Motors, with each of these stocks down between 2 and 3.4 percent
BUSINESS
Coal on ‘fire’: India set to be growth engine for global coal demand, says IEA
Demand from power and industrial sectors to lift domestic coal consumption this year from 1,033 MT in 2021, which was a 14 percent rebound from a pandemic low in 2020, says International Energy Agency.
BUSINESS
Taking Stock | COVID fear returns to spook market; Sensex, Nifty down 1%
Adani Enterprises, Adani Ports, IndusInd Bank, Bajaj Finserv and UltraTech Cement were the top Nifty losers, sliding between 2.1 and 6.3 percent
BUSINESS
Markets are no longer betting on divestment as a fiscal cushion, trigger for stocks
For the current fiscal, the finance minister scaled down the target for divestment to Rs 65,000 crore, significantly lower than the previous year’s Rs 1,75,000 crore. Yet even this amount remains unachieved so far.
BUSINESS
MF stakes in November public issues exceed funds deployed in secondary markets
Mutual funds’ holding value at the end of November in newly listed companies stood at about Rs 3,300 crore even as they deployed Rs 1,700 crore in the secondary market
BUSINESS
Budget 2023 | What the market wants to hear from finance minister on Budget day
The hope is that there be no adverse changes in the capital gains tax regime, and for incentives that will promote savings
BUSINESS
Dalmia Bharat set to go national with acquisition of JAL’s cement business
The acquisition will allow Dalmia Bharat to expand into the central region and will represent a significant step towards realising its vision of becoming a pan-India cement company.
BUSINESS
Sula Vineyards Ltd IPO opens today: Should you subscribe?
The company’s market leadership position in the Indian wine market and high entry barriers makes it a strong proposition for investment but the offer being a complete OFS can act as a deterrent
BUSINESS
Raging volatility, end of remote working send Covid investors away from markets
Retail participation, which peaked during the pandemic, has been declining after the markets turned volatile and returns from fixed deposits and bonds started improving.
BUSINESS
Analyst Tracker | Dynamic macros result in more contrarian downgrades than upgrades
Markets run six months ahead of fundamentals. Hence, changes in macros take time to show up in the earnings estimates of analysts.
BUSINESS
City Gas Distribution – moving towards a better future
In addition to the absolute relief of $2/mmbtu in FY24 (vs Oct 2022 price), the pricing direction announced for the next few years (i.e., escalation of $0.5/mmbtu annually), provides the much-needed visibility and clarity on priority sector gas costs for CGDs, believe experts.
BUSINESS
Here’s what December looks like for Indian equities
Data for the last 22 years for December shows that the Nifty has delivered positive returns for investors on 16 occasions — 73 percent of the time — and has generated 2.9 percent average returns during the month over the past 22 years.
BUSINESS
Sensex sizzles as 26 stocks trade above their 200-day moving average
The rising Index, with a high number of constituents participating, confirms a bullish trend and sustainability of the Index at higher levels, say some experts. However, one fund manager says the data hides more than it reveals, given that the returns so far have been abysmal.
BUSINESS
Check out the leaders and laggards behind India's jaw-dropping market performance
12 stocks (comprising 36 percent of Index weight) have generated positive returns while others have declined from the prices they were trading at when the Sensex had hit its previous all-time high last year.
BUSINESS
Nifty at record high: India gains as China lags in MSCI Emerging Market Index, will the trend continue?
India's weight has doubled in the global index in the last two years on market outperformance while China has dropped. Experts see the trend continuing but say high valuations may be a bump
BUSINESS
Steel sector – Export duty cut a welcome step but with limited benefits
Experts suggest it would not be correct to state that the imposition of export duty was the only key reason for correction in domestic steel prices. It should be noted that prices were already in correction mode when the export duty was imposed.
BUSINESS
Capital goods up for a big lift as government, India Inc go aggressive on capex
There are two core drivers of capex in the near term — the National Infrastructure Pipeline (NIP) and capex plans of the private sector driven by multiple sector-specific factors.
BUSINESS
Government policies to play big role in improving fortunes of shares of city gas distribution companies
A committee is expected to propose a formula that helps reduce prices for the priority sector by about $2/mmBtu or so, bringing the price down to $7/mmBtu from more than $9.2/mmBtu now.
BUSINESS
Taking Stock | Market loses steam on lack of fresh triggers, Nifty settles at 18,344
At close, the 30-share pack Sensex recovered slightly from the day’s lows and settled 230 points or 0.37 percent lower at 61,751 while the broader Nifty slipped 65.8 points or 0.36 percent to 18,344.
BUSINESS
Indian markets look pricey but foreign investors bet on robust fundamentals
While the market level valuation ratios look high compared to other markets, one needs to keep in mind that India is a more domestic economy with less impact of global factors
BUSINESS
Major global economies seem to have left worst of inflation behind
The latest CPI and WPI data indicate that inflation has eased. Even inflation data for the US, which is important from a global perspective, suggest that the worst has passed, say experts
BUSINESS
Grasim Industries Q2 Preview: Higher volumes and realization to aid 22% growth in PAT, revenues to rise 43%
Grasim is expected to report a standalone PAT of Rs 1,158 crore for the quarter, and standalone revenues of Rs 7,030 crore.
