Thirty firms raised Rs 31,277 crore through initial public offerings in 2020-21, significantly higher than Rs 20,352 crore mopped up through 13 initial share-sales in the preceding fiscal year, according to data.
Central banks have taken unprecedented steps, but now demand needs a lift
Stock in broader markets, after two years of underperformance, are now trading at attractive levels and have come on top of the buy lists of many investors and traders
Global liquidity tailwinds are unlikely to get any better from now and that makes Arvind Sanger, Managing Partner at Geosphere Capital Management “cautiously optimistic†on the Indian markets.
The brokerage house has added InterGlobe Aviation as a discretionary consumption play as its efficient, low cost and low capital intensity aviation model with return on equity of over 50 percent makes the stock attractive at a 20x CY18 PE.
Talking on the market movement, Ashwani Gujral said the markets may open in the lows but are likely to rally in later half of the trading sessions in coming days.
Arvind Sanger, Managing Partner at Geosphere Capital Management prefers to selectively stay on in the Indian equities and advises investors who have not yet entered the market to tread cautiously.
Throughout 2016, we will have to negotiate with receding liquidity - both domestic as well has foreign, says Sinha Dhananajay Sinha of Emkay Global.
In an interview to CNBC-TV18, Ajay Srivastava, CEO, Dimensions Consulting, said the current rally in the market is driven by global liquidity and not just dependant on Indian factors.
Sunil Garg of JP Morgan expects economic growth recovery to continue along with global liquidity and commodity prices being supportive for the Indian markets in the second half of this year.
H Nemkumar, IIFL believes the best performing stocks are from tech and pharma sector because these are the sectors where earnings momentum is reasonably strong and earnings upgrades too have taken place.
Udayan Mukherjee of CNBC-TV18 says that if the market breaks above 6100-6150 zone, it could stretch this rally to 6350 in the next few days. He, however feels that to bring back retail invetors one needs to see much more constructive performance over the course of time
Singh said that the earnings season so far has been better-than-expected with positive surprises outnumbering negative ones. However, he cautioned that earnings upgrades were unlikely for the next six months.
Alok Sama, president and founder, Baer Cap Partners explains on CNBC-TV18 that the market is in a phase of consolidation with increased global liquidity and risk-appetite driving the current rally.He expects no surprises from the Budget.
Arjuna Mahendran of HSBC says he doesn‘t expect significant cuts in equities right now.
The market is looking for pointers and cues from the earnings season and RBI's monetary policy this month. But will these events help the Nifty scale the 5600 level again?
Global liquidity and RBI’s growth supportive monetary stance to lift Nifty, says Moses Harding, Head - ALCO and Economic & Market Research, IndusInd Bank.
Despite all the hype around the Budget, CNBC-TV18's managing editor Udayan Mukherjee says it will be a non-event.
William White, chairman-Economic and Development Review Committee, OECD, discloses how he sees the European problem panning out and how the quantitative easing by major central banks will impact global economy going forward