In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
Idea's long term strategy is volume led profit growth and is confident of delivering double digit volume growth post monsoon, says Himanshu Kapania, MD of the company.
The market was cautiously optimistic as the crucial FOMC meet will decide interest rates tonight. Most analysts are hoping that the Federal Reserve will increase rates for the first time in a decade. Ridham Desai, MD & Head of India Research, Morgan Stanley feels that the Indian market will gain if Fed hikes rates.
CNBC-TV18 travelled to Agra and caught up with Krish Iyer, CEO Walmart India, who was appointed by the Asia Pacific head of the retail giant Scott Price to set the house in order in the worlds second most promising market after China.
The key highlights of the Digital week include signing of memorandum of understanding (MoUs) worth Rs 60,000 crore. The MoUs will broadly facilitate health, educational, agricultural and railway sectors.
Reliance Jio has emerged on top of the heap in the upcoming spectrum auction after it submitted Rs 4,500 crore as earnest money deposit â€” the highest among telcos. Speaking to CNBC-TV18, Bhavesh Gandhi, Telecom Analyst at IIFL, said it signals towards aggressive competitive bidding in the next month's spectrum sale.
In an interview with CNBC-TV18's Shereen Bhan Rajeev Chandrashekar, Founder, BPL Mobile Member, Rajya Sabha gave his reaction on Bharti-Loop deal.
Market will be watching the largest public lender SBI closely as the bank will be announcing its Q3 earnings today
According to Ankur Rudra, the strength of beat by Cognizant is a big positive led by uptick in discretionary demand due to new technology and so, assuming that it is true for the entire (IT) sector is premature.
Under the requirements contained in the new foreign direct investment policy, Walmart could not invest in multi-brand retail through the existing Bharti retail business, says the company in a press release.
Walmart is getting ready to divorce its partner Bharti enterprises and go solo in the cash and carry segment, a big departure from its earlier plans.
Deven Choksey, MD at KR Choksey Shares and Securities advises to stay away form telecom stocks. â€œOne may concentrate on some of the battered down stocks, which are significantly at discounted price available in the market,â€ he adds.
The market is not expected to go beyond 5,680. On the lower side, it can touch 5,480, which if not sustained, may drag the Nifty down to 5300.
Sudarshan Sukhani of s2analytics.com is bullish on Reliance Industries and recommends buying SBI.
On the ground, PN Vijay says, its (political issues) impact on the actual macros of India like current account deficit or interest rates is going to be marginal.
The fickle nature of the market makes it impossible to call near-term movements, says Sandeep Bhatia of Kotak Institutional Equities.
Even while telecom major, Bharti Airtel posted disappointing Q4 numbers, Ankur Rudra of Ambit Capital is not change his positive stance on the stock. The company today posted its Q4 net profit of Rs 508.6 crore, way below what analysts were expecting.
Today was a bad session for the market. For the last few days, the market looked constructive; particularly the broader market. Initially it looked like the market was falling in line with a similar theme for the first half of the day; the Nifty was flat, but a lot of the midcap stocks and smallcaps were doing well.
Techincal analyst Sudarshan Sukhani of s2analyticals.com expects big moves in the market next week and says the Nifty could end expiry at 5,600 - 5,700 in an interview to CNBC-TV18. SP Tulsian advises investors to bet on RIL while JRG Securities' Anand Tandon adds that the focus on the economy will start to fade.
The 2G trial court on Tuesday summoned Bharti's Sunil Mittal, Vodafone's Asim Ghosh and Essar's Ravi Ria over irregularities in the additional 2G spectrum allocated in 2002.
A bloodbath for the market today as political uncertainty triggered by DMK pullout and weak global cues drags the Nifty down almost 100 points, trading volumes spike.
SP Tulsian, sptulsian.com, feels that with the current political development of DMK pulling out of UPA government, definitely the pace of reforms will slow down but it will not come to a grinding halt at this stage.
The much awaited Reserve Bank of India (RBI) policy will be announced today. A 25 basis points repo rate cut is unanimously expected by most market experts and economists.
It‘s a set back for Bharti Airtel and Vodafone. The Department of Telecom (DoT) has rejected the representations of these two companies seeking an extension of their licenses along with their existing 900 mhz band spectrum.
The 2G trial court has reserved its order on cognisance of CBI chargesheet against Bharti Airtel and Vodafone in the matter of grant of additional spectrum to these companies in 2002.