On September 12, Brent crude futures hovered just above $90 a barrel as investors awaited a slew of macroeconomic data due later this week that could indicate whether Europe and the U.S. will continue to hike interest rates.
The latest steep fall in oil and metal prices, along with plentiful sowing in both the kharif and rabi crop seasons, is certain to push inflation lower in the next couple of months, according to analysts
According to securities house Jefferies, the sector underperformed the Nifty by 18% in the last calendar year; some FMCG stocks have underperformed the Nifty in the first half of this calendar year too.
In today’s edition of Moneycontrol Pro Panorama: Making sense of market volatility, Zomato and 10 minutes, GST makeover, Chart of the Day and more
The construction industry has to bear the brunt of the increase in steel and aluminium price. With steel prices up by 65% and aluminium and copper prices by 30% in the country in the last 18 months, the cost of construction has already risen.
Increasingly raised by domestic industry in a year marred by volatility in trade and rising costs, the issue of the inverted duty structure has re-acquired prominence. While everyone - from businesses, the Centre, state governments and tax authorities - unanimously think it's a problem, the responsibility of how to solve it has again been thrust upon the GST Council, the constitutional body that makes recommendations to the Union and state governments on issues related to GST.
The structure leads to working capital challenges for businesses and creates additional compliance requirements and ultimately more costs. Demands from domestic industry to fix the anomaly has gained pace since the pandemic-induced industrial slowdown began.
Prakash M Sanghvi, CMD, Ratnamani Metals told CNBC-TV18 said topline was under pressure due to falling commodity prices.
Morgan Stanley warns that commodity price declines will hurt asset quality materially as PSU banks have fairly high exposure to this area and hence earnings per share (EPS) revisions may continue to be downward and stocks should remain weak.
The change in central government, expected fall in interest rates along with global developments such as crude price slump has given rise to investing themes that investors should closely study, says Dipen Sheth, Head of Institutional Research, HDFC Securities.
Shailesh Kanani, senior research analyst at Angel Broking joins CNBC-TV18 to discuss the outlook of infrastructure stocks going ahead.
SP Tulsian of sptulsian.com joins CNBC-TV18 with some multi-bagger ideas. He picks Precision Wires and Sequent Scientific.
Opining on RBI's rate hike, R Seshasayee, CEO of Ashok Leyland says that the RBI seems ready to sacrifice growth rate. "The entire industry is now rethinking plans of fresh investments," he says.
"The rally of almost 1,300 points in Sensex over the last three-four days has very little fundamental to back it up. So I doubt this is sustainable," Anantha Nageswaran tells CNBC-TV 18.
R Ramakrishnan, ED, Bajaj Electricals, tells CNBC-TV18 that the company’s growth is reliant on India’s GDP. He, however, expects organic growth to be strong, going forward.
There is a growing fear among experts that rising crude and commodity prices could derail the efforts to contain inflation, which has started moderating. Rob Subbaraman, Chief Asia Economist, Nomura feels that inflation is going to stay stubbornly high not only in India but in most of Asian countries.
US stock indexes struggled near breakeven on Wednesday as investors were encouraged by strong data on new private-sector jobs and the services sphere, but weak commodity prices dragged down energy and materials shares.