ETMarkets Smart Talk: Why FMCG & BFSI are likely to continue their outperformance in 2023, Reshma Banda explains
While there is an anticipated global growth slowdown, India’s macroeconomic condition is comparatively stronger. Although India’s growth is also expected to slow down to some extent in FY24.
Big Movers on D-Street: What should investors do with Torrent Power, Nestle India and Varun Beverages?
Indian equity markets rallied ahead of the Reserve Bank of India policy outcome as investors anticipate a status quo. The S&P BSE Sensex gained 350 points to 63,000 levels, and the Nifty50 settled at 18,726. All sectors closed higher, with metal, realty, oil & gas, power, energy and FMCG indices all increasing by more than […]
2 sectors Mahantesh Sabarad is bullish on for near term
There is nothing incrementally to worry about even for rate sensitives now. Earlier it was always that hanging sword which said that the RBI will hike the rates whether it is going to be 25 bps or 50 bps, now that worry does not exist. Even if the RBI were to increase the rates by […]
Sebi wants to track money flowing into PE, VC funds
Besides, there is no broad-basing criteria for an AIF which can be formed with just a few or even a single local or offshore investor who are called limited partners (LPs). Since such funds are incorporated in India, AIF investment in a domestic company is treated as local investment. Even if an AIF has all […]
Falling costs to protect cement companies’ margins as demand slows
Demand from the housing sector, which forms two-thirds of the total demand for cement, has not improved materially. Therefore, there is still high dependence on government-funded infrastructure projects.
Foreigners lap up auto, financial shares in May
Overseas investors bought shares of financial services firms worth ₹17,671 crore in May, their highest monthly purchase in the sector in the last 29 months, according to Primeinfobase.com data. They purchased auto and auto components shares worth ₹8,700 crore, the highest monthly buy in over 10 years. FPIs bought shares worth ₹41,207 crore in May, […]
Adani Group plans to revisit global bond market by Sept
Notably, the group recently achieved a key milestone in its $300-million foreign currency sustainability-linked bonds raised by Adani Electricity Mumbai Ltd (AEML) in 2021. AEML, which is Adani Transmission Ltd’s distribution arm, raised the bonds as part of its $2-billion global medium-term notes program.
D-Street indices hit new 2023 highs; mid- & small-caps scale fresh peaks
The Sensex closed at 63,142.96, up 350.08 points, or 0.56%, from Tuesday’s close. The Nifty advanced 127.40 points, or 0.68%, to settle at 18,726.40. Both indices are now within 1% of their respective all-time highs recorded on December 1 last year.
HSBC, Barclays carry out inaugural trades
HSBC carried out its first rupee non-deliverable options trade with Reliance Industries, while executing non-deliverable forward transactions with other counterparties.