Nifty has gained 17% YTD in dollar terms, best among headline EM indices
In spite of a stellar run last year, India's retail participation is around the 4 per cent mark, unlike the US and China, where participation is 32 per cent and 11 per cent, respectively, he said
Domestic equity markets would be driven by macroeconomic data, quarterly earnings, and RBI interest rate decision this week, analysts said. Global trends and the pace of vaccination would also guide the local equities, they added. "In the week ahead, the key event in the domestic market will be the announcement of RBI's monetary policy decision. To give a view on economic recovery, the market awaits the release of manufacturing and service PMI data," said Vinod Nair, Head of Research at Geojit Financial Services. Among major earnings announcements, HDFC, PNB, Adani Ports and Special Economic Zone, Bank Of India, Bharti Airtel, State Bank Of India, and M&M would release their financial results. Nirali Shah, Head of equity research, Samco Securities, said, "The RBI's MPC meeting is scheduled for the coming week. Auto sales numbers, PMI figures along with the result season will continue to drive stock specific movements on D-Street." "Macroeconomic data, pace of vaccination and ...
The Indian measure is trading at 20.8 times its forward earnings estimates for the next 12 months, during which member profits are expected to grow about 44%, according to data compiled by Bloomberg
The market capitalisation of BSE-listed companies hit a fresh record
Retail participation in the stock market, the report said, increased during the pandemic, especially in the second half of fiscal 2021-22
Benchmark indices Sensex and Nifty retreated from record high levels on Wednesday following intense selling in Reliance and HDFC twins as investors turned cautious ahead of the outcome of the US Federal Reserve's policy meeting. The 30-share BSE index ended 271.07 points or 0.51 per cent lower at 52,501.98. It had closed at an all-time high of 52,773.05 on Tuesday. The broader NSE Nifty retreated from a record and declined 101.70 points or 0.64 per cent to 15,767.55. PowerGrid was the top laggard in the Sensex pack, shedding around 2 per cent, followed by IndusInd Bank, Reliance, L&T, UltraTech Cement and Bajaj Finance. On the other hand, Nestle, NTPC, ONGC, Bajaj Finserv Hindustan Unilever and Infosys were among the gainers. Investors kept an eye on the two-day US Federal Reserve meeting, which is set to conclude on Wednesday. Lack of fresh trigger from overseas markets also weighed on the local stocks as Asian markets closed mixed. Bourses in Shanghai, Hong Kong and Tokyo ended
We're in the happy period of global economy coming back to life, but we need to watch carefully the US inflation situation
India's main stock index will exceed the record high it hit before the latest coronavirus wave took hold by year-end, according to a Reuters poll of analysts, most whom predicted modest growth
The earnings momentum has been quite resilient and the policy momentum quite focused towards improving the infrastructure and attractiveness in the global supply chain: Daniel Blake of Morgan Stanley
The regulator said the new regulation will ensure ease of reference and language and also remove redundancies
The broader NSE Nifty fell 77.95 points or 0.52 per cent to close at 15,030.15
The expectation that restrictions may last weeks and not months explains the market's apparent casual view of the pandemic
If the earnings slow, interest rates rise or there is an external shock, the market will fall sharply
The next trigger for a sell-off can be if we go into a nationwide lockdown to curb the virus, but the probability of such a measure is still low, says Gohil
Currently, ESG funds have AUM of around Rs 10,500 crore
Last week, Bloomberg reported that Mitsui was teaming up with private equity players to make an $11-billion bid for IHH
Commodity and Adani companies dominate entries so far this year
The BSE Sensex climbed 256.71 points, or 0.52 per cent, to finish at 49,206.47