NEW DELHI: Recession worries are intensifying the world over with the US, the UK and German bond yield curves getting inverted, but back home we are hoping and waiting for a government stimulus package to come our way. Hopes are high that some government dole puts would help put the economy back on track and give the stock market the much-needed leg-up. Most of the top names on Dalal Street are saying the government needs to act sooner than later. Some say any delay in the stimulus package will only prolong the pain in the market. Sandip Sabharwal, an independent market expert, said it's time for action and lack of one is what's making D-Street bleed. Markets continue to crash as no visible action except for some statements which doesn't change anything. Subdued Ec… https://t.co/jspExINXhO— sandip sabharwal (@sandipsabharwal) 1565687854000 Basant Maheshwari, a PMS fund manager, seems to be in agreement with Sabharwal. This market is becoming a classic 7 up 7 down - … [Read more...] about Tweet Buster: Waiting for Godot, Fomo factor & art of stock picking
Stock market news
Global cues, macro-data to set tone for equity markets: Analysts
New Delhi: Developments around US-China trade talks, Fed interest rate decision and release of key macro-economic data in the later part of the week are expected to influence the equity markets, analysts said. The US Federal Reserve interest rate decision on Thursday will be a major event that would be keenly tracked by markets globally. "Markets are expected to remain volatile this week as many factors globally and stock-specific (developments) will influence the bourses. US Fed meeting outcome will be a major international event," Jimeet Modi, Founder & CEO, SAMCO Securities & StockNote said. Investors will keep a close watch on progress of US-China trade talks. Back home, two major data points are scheduled to be released on Thursday post trading hours -- industrial production and inflation rate -- which may also influence sentiment in the markets. Last week, the Sensex dropped 348.66 points or 0.85 per cent. In the last two trading days, markets witnessed slide after … [Read more...] about Global cues, macro-data to set tone for equity markets: Analysts
Tweet Buster: Tax cut on EVs is not enough; all eyes on RBI meet
NEW DELHI: Pessimism ran high on Dalal Street this week with benchmark indices ending lower in four out of five sessions. The last-minute respite on Friday came from a handful of stocks, not quelling away the fears of a bear market. Some of the top D-Street analysts believe that we are in this bear phase for the long haul and many blame government policies for the same. Besides FII outflows, a lot of corporate governance issues are plaguing the Street and over-leveraging is coming to haunt many top firms. Here’s sampling some of them: Professor Sanjay Bakshi said that the wealth destruction is on a massive scale and in most cases that not the damage is permanent. He listed over-leveraging and crookedness of the management as the causes. Wealth destruction on a massive scale. In most of these cases, the impairment is permanent. And the usual suspects… https://t.co/wBUzjvIHgA— Fundoo Professor (@Sanjay__Bakshi) 1563985758000 PMS fund manager Basant Maheshwari … [Read more...] about Tweet Buster: Tax cut on EVs is not enough; all eyes on RBI meet
India will overtake Germany in car production in 5 years: Mark Fulthorpe, IHS Markit Automotive
In an interview with ET Now, Mark Fulthorpe, Global Director, IHS Markit Automotive, says expects in a very short space of time to overtake output levels from South Korea. Edited excerpts: The impact of the demonetisation drive in India on the India automotive sector, how are you evaluating it prima facie? I have just arrived in India yesterday. Initial impressions were from afar and I think a lot of people outside the country are impressed with the scale or the ambition of the undertaking. So that is certainly the impression from distance. Obviously as you get closer to the market on the ground and you listen to colleagues, then clearly there will be some disruption in the short term and this is where we beginning with our interpretation. At the moment, we think that the effect is likely to be felt most in the first quarter of 2017 basically that lack of liquidity in the market place. In times of uncertainty, consumers tend to hold on to their cash whether it is something that … [Read more...] about India will overtake Germany in car production in 5 years: Mark Fulthorpe, IHS Markit Automotive
India Inc foreign borrowings jump over two-fold to $3.41 billion in Oct
New Delhi: India Inc's foreign borrowings grew over two-fold to $3.41 billion in October over the corresponding month a year ago, according to data from the Reserve Bank of India. Indian companies had raised $1.41 billion in borrowings from overseas markets in October 2018. Of the total money borrowed by the domestic companies, $2.87 billion was through the automatic route of external commercial borrowing (ECB), $538 million came in through the approval route of ECB, showed the data. In the ECB category, the major borrowers tapping the automatic route included Muthoot Finance ($400 million), HPCL-Mittal Energy ($300 million), Wardha Solar (Maharashtra) ($251 million), Larsen and Toubro ($200 million), Deccan Fine Chemicals ($140 million) and Aditya Birla Finance ($75 million). Two companies tapped the approval route with JSW Steel raising $400 million, while Shriram Transport Finance borrowed $138 million in October this year. No money was raised through the rupee-denominated … [Read more...] about India Inc foreign borrowings jump over two-fold to $3.41 billion in Oct
