Overseas investors have pumped in over Rs 14,600 crore into the Indian capital markets this month so far, enthused by clarity on FPI taxation.
The Budget-induced optimism got a leg to stand on as the Sensex today pushed higher for the fourth day by scoring 199 points to close at 28,439 -- a 4-month high -- after hopes built up that RBI might go in for a rate cut at the Wednesday's policy meet.
The firm's profit stood at Rs 8.17 crore during October-December quarter in 2015-16.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today – Idea Cellular, BEL, Tata Coffee, Granules India, Just Dial, Mangalore Chemicals, Geojit BNP Paribas, VTM, Siyaram Silk Mills and Piramal Enterprises.
The yield on mutual fund distribution is higher than the brokerage business, and Investors, prefer mutual funds more than direct investments into the market, said Satish Menon, Executive Director, Geojit BNP Paribas.
L&T | Maruti Suzuki | Geojit BNP | Gujarat Alkalies | JHS Svendgaard | SRS | Prakash Industries | Om Metal | Balrampur Chini | Kalindee Rail | Indoco Remedies | Zuari Agro | Just Dial and Bharat Electronics are stocks, which are in the news today.
Trend in global markets and crude oil prices are expected to set the market trend in the week, while a bit of recovery is likely on the back of attractive valuations, say experts.
"The company's focus on the retail distribution of Mutual Fund SIPs has started showing positive results. During this quarter, our SIP book size grew to Rs 41 crore from Rs 19 crore at the beginning of the first quarter," said Geojit BNP Paribas MD C J George.
Speaking to CNBC-TV18, Satish Menon, ED of the company said that if improved sentiments translate to numbers, then next two to three quarters will be good. Volumes in the secondary market improved in the first quarter.
Geojit BNP Paribas Financial Services today reported a 15 per cent growth in consolidated profit after tax (PAT) at Rs 12.05 crore.
Investor wealth surged by Rs 1.54 lakh crore on Monday, driven by a strong rally in stock market where the BSE Sensex jumped 500 points supported by positive global cues after a solid US jobs data.
Gaurang Shah of Geojit BNP Paribas expects markets to stay choppy until the Brexit issue is sorted. He pins his hopes on better monsoons and passage of the Goods and Services Tax (GST) Bill to return to the rally.
Disappointed with the RBI's decision to leave policy rates unchanged, India Inc on June 7 said a rate cut would have helped restore the investment cycle as the industry continues to battle a slump in demand
RBI's bi-monthly monetary policy review on Tuesday, progress of monsoon rains and industrial production data will be key for stock market movement this week, say experts.
The survey forecast just one more rate cut in the coming year, with most expecting the Reserve Bank of India to cut by 25 basis points to 6.25 percent in the July-September quarter, and thereafter hold steady until at least until the end of the third quarter next year.
Geojit BNP Paribas Financial Services is positive on Tata Motors and expects the stock to react positively, says its VP Gaurang Shah.
Foreign investors dumped shares worth Rs 178 crore in the first two weeks of May as worries over global economy and amended Indo-Mauritius tax treaty hurt the sentiment, reversing the last two months' bullish trend.
The earnings season has been good overall and expects earnings to look better in the future, says Gaurang Shah, VP at BNP Paribas.
Gaurang Shah of Geojit BNP Paribas Financial Services is of the view that one may prefer Godrej Properties.
In an interview with CNBC-TV18, independent market expert Ambareesh Baliga and Gaurang Shah, VP, Geojit BNP Paribas Financial Services, talked about their outlook on ICICI Bank, which reported weak quarterly numbers on Friday.
Dinanath Dubhashi has been in the industry for a quarter of a century with experience across multiple domains such as corporate banking, cash management, credit ratings, retail and rural lending.
|On a backdrop where there is continued selling from the foreign institutional investors (FIIs), it is unlikely to see a meaningful recovery, unless Budget delivers, says Gaurang Shah, VP, Geojit BNP Paribas Financial Services.
Watch the interview of Gaurang Shah of Geojit BNP Paribas Financial Services and Ashish Kyal of wavesstrategy.com with Surabhi Upadhyay & Nigel D'Souza on CNBC-TV18, in which they shared their reading and outlook on market and specific stocks.
Gaurang Shah of Geojit BNP Paribas Financial Services feels that Rural Electrification Corporation may move to Rs 335-340.
Gaurang Shah of Geojit BNP Paribas Financial Services feels that Havells India may touch Rs 340.