Podcasts about nifty50

Nifty50's worst losing streak in 29 years. RBI flags concerns over small finance banks. Cadence eyes India for GPU development. Maha Kumbh boosts UP's economy. Trump's $5M ‘gold card' visa vs other global options. Tune in for all top stories.

This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 11th of February and here are the headlines.Prime Minister Narendra Modi, co-chairing the Artificial Intelligence (AI) Action Summit in Paris, highlighted AI's transformative potential and called for global governance to address its challenges. He stressed that AI is “writing the code for humanity in the 21st century,” acknowledging both its immense promise and inherent biases. Modi urged collective global efforts to shape AI's future and promote innovation while tackling risks. He emphasized the need for global collaboration to ensure AI benefits humanity and upholds shared values.The Mumbai police have contacted podcaster Ranveer Allahbadia and YouTuber Samay Raina for an inquiry regarding controversial remarks made by Allahbadia during Raina's 'India's Got Latent' show. Allahbadia, known for his BeerBiceps channel, made a joke that sparked nationwide controversy after the video went viral on social media. The remarks, widely criticized as insensitive and vulgar, led to backlash from viewers. The Mumbai police confirmed they are investigating the incident, and Allahbadia, along with other guests, is being questioned regarding the matter.Samajwadi Party chief Akhilesh Yadav criticized the latest Union Budget, claiming it is designed to benefit the wealthy, including industrialists. Addressing the Lok Sabha, Yadav stated that the budget's focus is on the rich, rather than on creating a roadmap for India's development. He expressed concerns over the lack of a long-term vision for the country's growth, adding that recent budget announcements seem tailored to elites rather than addressing the needs of the general population. He criticized the budget's priorities and questioned its impact on India's future.The Indian stock market took a hit on Tuesday, with the Sensex dropping over 1,000 points and Nifty falling by 1.3% amid concerns over Donald Trump's tariff announcements and weak corporate earnings. The Sensex was trading at 76,259, down 1,047 points, while Nifty50 was down by 303.5 points, trading at 23,078. Trump raised tariffs on steel and aluminum imports to 25% and announced plans for reciprocal levies on several countries, shaking market sentiment and triggering a decline on Dalal Street.Following a directive from the Ministry of Home Affairs, India's top security agencies have compiled a list of 12 gangsters based in the United States. Sources reveal that this list may be shared with U.S. authorities during Prime Minister Modi's upcoming visit to the U.S. The list includes notorious criminals like Anmol Bishnoi and Goldy Brar. While central agencies have long tracked criminals abroad, the recent directive focuses specifically on gangsters based in the U.S., aiming to address their legal status and facilitate international cooperation.This was the Catch Up on 3 Things by the Indian Express.

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of January 29 -After showing weakness from Friday's highs, the Nifty50 witnessed a sharp sell-off on Monday, closing at a 7-month low. The index managed to hold levels above 22,800 but ended the day 263 points lower at 22,829, with 42 out of 50 stocks closing in the red. -Most heavyweights saw a closing in the red while ICICI Bank ended higher after Q3 earnings. FMCG stocks like HUL and Britannia were among the top Nifty gainers, both rising over 1%. On the other hand, the IT index fell 3%, dragged down by global cues. HCL Tech, Tech Mahindra, and Wipro were the top Nifty losers. -Going ahead, market sentiment remains on the edge as investors brace for Wednesday's Federal Reserve rate decision and accompanying policy guidance. This unease is further fueled by mixed earnings reports, geopolitical tensions, and the impending Union Budget, all of which have contributed to the prevailing uncertainty. -Stocks to watch: Coal India, Tata Steel, Indraprastha Gas, Kaynes Technology India, Piramal Enterprises -Earnings: Bajaj Auto, Hindustan Zinc, Hyundai Motor India, Bharat Heavy Electricals, Cipla, JSW Energy, Suzlon, ideaForge Technology, and TVS Motor Company -Additionally, global developments weighed heavily on Indian markets. The recent launch of DeepSeek, a Chinese AI startup, and former U.S. President Trump's abrupt tariff announcement on Colombia have created fresh headwinds. DeepSeek's emergence as the No. 1 free app on the iOS App Store has intensified concerns, as it positions itself as a free alternative to ChatGPT, which has signaled its intention to shift toward a for-profit model. -Global cues: Most Asian shares dropped following a bruising session on Wall Street caused by fears the valuation of artificial-intelligence companies had become excessive. The MSCI Asia Pacific Index slipped as much as 0.6% with Japan's largest technology firms leading declines. That was after the S&P 500 and Nasdaq 100 both tumbled Monday as a cheap AI model from Chinese startup DeepSeek fueled concern valuations may be hard to justify. Many Asian markets, including China and South Korea, are shut Tuesday for the start of the Lunar New Year holidays. -In commodities, oil steadied — after sinking by nearly 2% on Monday. Brent crude traded near $77 a barrel, while West Texas Intermediate was above $73. -This morning, GIFT Nifty was trading at a premium of nearly 100 points vs Nifty Futures' Monday's close, indicating a gap-up start for the Indian market. Tune in to the Marketbuzz Podcast for more cues

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, December 31, 2024. This is Nelson John, let's get started.The markets regulator's crackdown on futures and options trading is already showing significant impact. Ram Sahgal reports a nearly 25% month-on-month decline in index options turnover in November, with retail and proprietary traders accounting for about 75% of this drop. Stricter curbs, including larger contract sizes, are set to take effect in January, likely reducing volumes further in the new year. Sebi implemented these measures in response to widespread losses incurred by retail investors in F&O trading over the past couple of years.Adani Enterprises announced plans to sell its 43.94% stake in Adani Wilmar to joint venture partner Wilmar International for over $2 billion. Nehal Chaliawala reports that the move aims to address liquidity concerns as the company refocuses on core business investments. Adani Wilmar, with annual revenue nearing ₹50,000 crore, will also undergo a name change. Additionally, 12.87% of its stake will be sold through an offer for sale to meet public shareholding requirements. This decision comes amid speculation about Adani's exit from non-core businesses following allegations of fraud that have affected the group's financial stability.In a report released on Monday, the Reserve Bank of India flagged concerns about stress in unsecured retail credit spilling over to larger loans, such as housing and auto loans. Shayan Ghosh reports that nearly half of personal loan borrowers also have outstanding secured loans. According to the RBI's Financial Stability Report, defaults in unsecured loans could prompt lenders to classify other loans held by the same borrower as non-performing. While the gross non-performing asset (GNPA) ratio for unsecured loans currently stands at 1.7%, the RBI cautioned that rising write-offs could be masking the true extent of asset quality risks.According to the Chinese zodiac, 2025 will be the Year of the Snake—symbolizing flexibility, growth, and change. Devina Sengupta writes that India Inc. is set to experience all these dynamics, with employees expected to switch jobs at a faster pace. Companies will likely go beyond salary hikes to focus on upskilling initiatives. While rural hiring in the FMCG sector is projected to rise by 10%, weak consumer demand, driven by inflation, may dampen growth. High demand for talent is anticipated in sectors like AI, data science, and digital transformation. Compensation increases are forecasted to average around 9.5%, underscoring the competitive landscape for skilled professionals.During the 2015 Paris Agreement, India committed to achieving net-zero emissions by 2070. Among India Inc., the targets vary significantly. Of the Nifty50 companies, 19 have yet to set net-zero or carbon-neutral goals, 20 have set net-zero targets with a median year of 2040, and 11 aim for carbon neutrality by 2032. Nehal Chaliawala reports that Infosys was the first to achieve carbon neutrality in 2020 and plans to reach net-zero by 2040. His analysis highlights that the IT sector leads in climate commitments, while financial services have the highest proportion of companies without stated goals. Other sectors, such as automotive and pharmaceuticals, also lag behind with unclear climate targets.

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 21 -While yesterday was a stock market holiday on account of voting in Maharashtra, the Nifty50 finally broke its seven-day losing streak—the longest in over 20 months — on Tuesday. Despite a strong opening and a positive first half, a sharp sell-off in the latter half wiped out the day's earlier gains, reportedly triggered by news of Ukraine's strike inside Russia. -Today's trading session will also see whether the Nifty 50 bulls are able to defend the 23,500 mark on the downside, particularly on the Nifty expiry day. -Meanwhile, Deepak Jasani of HDFC Securities expects Nifty to form a higher low before embarking on a sustainable bounce. 23350-23815 could be the band for the Nifty over the near term, he says. Religare Broking's Ajit Mishra said the Nifty's movement reflects that bears are firmly in control, using every rebound as an opportunity to short. -This morning the GIFT Nifty was higher, trading at a premium of nearly 90 pts from Nifty futures Tuesday close, indicating a gap-up start for the Indian market. -Stock to track: UPL, Dr Reddy's, Tata Power, Garden Reach Shipbuilders & Engineers, Aditya Birla Capital, JSW Steel, Aegis Logistics, Adani Infra -Asian equities declined in early trading, reflecting a muted mood on Wall Street that was amplified by Nvidia Corp.'s lackluster revenue forecast. Shares in Japan and South Korea fell alongside Hong Kong equity futures. Contracts for US benchmarks declined Thursday in Asian trading after falling on Nvidia earnings. The chip giant met third-quarter revenue and earnings expectations, but failed to meet the highest estimates for future revenue. Shares in Australia were slightly higher. -The tepid response to Nvidia's earnings may ripple across global markets, given the size of the world's largest company by market value and its role in the artificial intelligence boom. Shares of South Korea's SK Hynix, which is a supplier of Nvidia, rose as much as 0.9% in Seoul. -Meanwhile, investors in Asia will also be looking to gauge the effect of a US indictment of Gautam Adani and other executives over the alleged payment of more than $250 million in bribes. -On the other hand, Bitcoin set another all-time high, supported by a series of developments highlighting the deepening embrace of the digital-asset industry in the US under crypto cheerleader Trump. The world's largest cryptocurrency is fast approaching $100,000, helped along by MicroStrategy Inc.'s massive purchases. -Gold was up early Thursday, notching its fourth daily advance. Oil prices also climbed after retreating Wednesday. Tune in to Marketbuzz Podcast for more cues

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, October 22, 2024. My name is Nelson John. Let's get started. When you don't agree with the outcome, just don't release the data: that's the approach Indian carmakers have taken of late. The release of a crucial carbon emissions compliance report has been delayed because companies like Hyundai, Kia, and Mahindra failed to meet norms. Alisha Sachdev reports that the automakers want a five-year period to bring down their emissions, while the government has already issued steep fines. If the companies publish their below par numbers, the fines will increase — leading to this stalemate. Indian emission norms are still better than their European counterparts, but carmakers don't seem like they want to budge as of now. The Edelweiss Group is set to unleash a sea of IPOs into the market soon. In an interview with Mint, the group's founder and chairman Rashesh Shah said that the company is hoping to list seven subsidiaries soon. The group intends to begin with the IPO of its mutual fund arm and its alternative asset management subsidiary, each valued at 1 billion dollars. Shah admitted that initially, the financial services company chased growth above everything else, which backfired later. The group also plans to pay off debt worth 6,000 crore rupees by the end of this year to prepare for a clean slate as the IPOs approach. After being a laggard for much of 2024, the Bank Nifty has finally turned a corner, led by HDFC and Axis Banks. Other stocks like Kotak Mahindra have provided mixed results. Ram Sahgal writes that the banks have had to adopt new strategies to adjust their loan books and attract more deposits. Ram also spoke to analysts, who said that the Bank Nifty could now outperform the Nifty50. HDFC's stock performance will be crucial to the Bank Nifty's growth, they added. Last week, fintech Navi got a huge jolt as it was barred by the Reserve Bank of India from disbursing any more loans. The RBI had banned Navi for charging high interest rates for its loans. Gopika Gopakumar reports that Navi and its founder Sachin Bansal assured its lenders in an unscheduled meeting that the company was well-prepared to manage any fallout until March 2026. Navi outlined a plan to cover 3,027 crore rupees in debt repayments due in the next six months, with expected customer collections touching 4,000 crore rupees. The company also has a liquidity buffer of 1,500 crore rupees, Bansal outlined. Navi focuses on personal loans of up to 20 lakh rupees, disbursed through its app. We told you yesterday about how gold prices in India are hitting record highs. The prices are peaking over 78,000 rupees per 10 grams, influenced by a mix of global and domestic factors. Initially, a cut in import duty led to a temporary drop in prices, spurring a spike in demand. However, global uncertainties have driven prices back up. Soumya Gupta explains that despite this  volatility, Indian consumers aren't necessarily reducing their gold purchases. Sales of lighter and more affordable jewellery pieces have increased during the festive season, with jewellers responding quickly to cater to this demand.

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Friday, October 11, 2024. My name is Nelson John. Let's get started. A stalwart of India's corporate world passed away on Wednesday night. We'll bring you some stories on his legacy and work over the decades. After retiring as the chair of Tata Sons in 2012, Ratan Tata shifted his focus to supporting startups through his investment vehicle, RNT Associates. By 2019, he was actively engaging with budding entrepreneurs on Instagram. However, he was clear that getting funded didn't guarantee success. Tata's investments, though modest, were a mark of credibility in the startup community, especially when capital was hard to come by. His approach wasn't just about writing checks; he invested in mentoring the founders, focusing on their long-term vision and passion rather than immediate financial metrics. Mint's startups editor Ranjani Raghavan takes a look at the former Tata group chairman's vision for Indian startups. Ratan Tata, the visionary driving force behind Tata Motors, transformed it from a local truck maker into a global automotive powerhouse. During his tenure, the Tata Nano, the world's cheapest car, was launched, aimed at democratizing car ownership in India. Though it didn't hit commercial targets, the Nano exemplified Tata's visionary approach. Under his leadership in 1998, Tata Motors introduced the Indica, India's first indigenously developed passenger car. A landmark moment came in 2008 when Tata Motors acquired the iconic British brands Jaguar and Land Rover for 2.3 billion dollars from Ford. This was a stunning reversal of fortune, as Ford had previously considered buying Tata's car division. Tata turned these struggling brands into profitable entities, significantly enhancing Tata Motors' stature and revenues. Alisha Sachdev writes about Ratan Tata's legacy at one of India's biggest automobile companies.  For over a century, the Tata group has been a cornerstone of the Indian industry, spanning multiple sectors. While JRD Tata was at the helm for 51 long years, his son Ratan was the one who did the heavy lifting. He took over right as India was on the cusp of opening up its economy. An opportunity, for sure — but it also would have led to a lot of challenges. Sundeep Khanna writes about the leadership at the Tata group, from JRD to RNT to now, N. Chandrasekaran, and how it has shaped not only the conglomerate, but also corporate India as a whole. He takes a retrospective look at its progress, pitfalls, and even some controversies over the years. The Indian equity market's rally has paused, with the Nifty50 index down 3% in the first seven trading sessions of October. India's volatility index rose 13%, indicating heightened risk aversion. Harsha Jethmalani writes that foreign investors are showing renewed interest in China, following the announcement of a stimulus package. That has led to investors pulling money out of Indian markets. This further raises the possibility of India's equities underperforming against the broader Asia markets, according to a Nomura report from 7 October. India's commercial office sector is set for a record-breaking year, signalling a strong bounce back from the pandemic lows. The sector is expected to surpass its previous high, with anticipated leases reaching over 70 million square feet across major cities by the end of 2024. This surge is largely driven by the return of multinational corporations to physical offices and a significant increase in demand from global capability centres and flexible office operators. Bengaluru is leading the charge in space absorption, followed by Delhi-NCR and Hyderabad, with tech companies, financial services and manufacturers actively snapping up office space. Madhurima Nandy explains how this leasing boom is not just good news for real estate but also a positive sign for the economy.

On Episode 405 of The Core Report, financial journalist Govindraj Ethiraj talks to Siddhartha Rastogi, managing director of Ambit Investment Advisors as well as Ajay Rotti, founder and CEO of Tax Compaas. SHOW NOTES (00:00) The Take (04:41) Markets recover on political and China cues, could stabilise now (06:58) Oil slips after demand woes weigh again (09:50) Decoding the Nifty50 as an investment strategy for the medium to long term (19:40) India could see a new direct tax code coming? What should it not contain? (26:40) Touch screen era may be ending ⁠⁠⁠⁠⁠⁠Listeners! We await your feedback....⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirements. For more of our coverage check out ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecore.in⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Join and Interact anonymously on our whatsapp channel⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe to our Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Twitter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Linkedin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Youtube⁠

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, October 8, 2024. My name is Nelson John. Let's get started. Over the previous quarter, the Nifty IT index rose around 14%, while the Nifty50 increased by around half that number. Harsha Jethmalani writes that this happened after the US Federal Reserve cut its interest rates by half a percent. That spurred BFSI clients to increase their IT spending. However, this money will only be seen on the books in the quarter next year. Harsha adds that recent comments from Accenture suggest a continued focus on cost-optimisation by clients, but the overall outlook does look better than it did a few months ago. Maldives President Mohamed Muizzu is in India, aiming to patch up strained ties and get Indian tourists heading back to his country's stunning islands. Even though overall tourist numbers in the Maldives are up by 10 per cent this year, the number of Indian visitors has plummeted. Politics and international relations have nudged Indian travellers toward other destinations, which is a real hit to the Maldives where tourism isn't just big business—it's essential, contributing about 30% directly to its GDP. Back in 2023, Indian tourists made up 12 per cent of all visitors to the Maldives, but this year, that's halved to just 6 per cent. N Madhavan explains how Muizzu is planning to mend his country's relationship with its biggest and most important neighbour - India.  Hero Motocorp has dominated the two-wheeler sector for more than three decades. However, its former partner Honda now threatens to overtake this lead. This is the first time in years that the automative market has seen any sort of competitive action to this extent. The two companies were partners from 1984 to 2010. After their split, Hero and Honda ruled the motorcycle and scooter markets respectively. Sumant Banerji writes that both companies are making significant inroads into each other's strongholds. Sumant writes about the segment battles in detail, and outlines who is winning what — including the up and coming EV market. India's Ministry of Law and Justice is considering updates to the Civil Procedure Code to streamline civil lawsuits and reduce court backlogs. Inspired by the effective Commercial Courts Act, the proposed reforms aim to incorporate mandatory timelines and mediation efforts to expedite legal processes. This initiative is part of broader judicial reforms, including recent revisions to major criminal laws, aimed at speeding up justice. With over 5.6 million pending civil cases, these reforms are crucial for enhancing the efficiency of India's judicial system. The goal is to modernise the CPC, established in 1908, and ensure it meets contemporary legal needs more effectively, reports Manas Pimpalkhare. The festive season is here, and so is the season of festive foods. The joy of Hilsa, a favourite among fish enthusiasts, is marred this year by skyrocketing prices and scarce supplies. In Kolkata, the cost of a 1.5 kg Hilsa has surged by 600 rupees compared to last year, now fetching 2,000-2,200 rupees at wholesale and even more at retail. In Delhi's C.R. Park, daily arrivals have plummeted from up to four quintals in previous years to just one quintal. With Durga Puja around the corner, demand is spiking, and prices are expected to climb even higher, potentially increasing by 400-500 rupees per kg. Puja Das reports on the root of the problem, which lies in the dwindling catch—down over 70% since the 1980s—and a reduced import window from Bangladesh.

中国股市继续下探，跌破一个又一个的心理防线。上证A股上周连续五天下跌，自屡次跌破3000点心理大关以来，中秋假日前险些跌破2700点。香港恒生中国企业指数从5月份的高点下跌了13%。反映上市公司整体表现的沪深300指数上周跌至2019年初以来的最低点，相比之下，华尔街的标普500指数上涨了17%，印度的Nifty50指数上涨了13%。中国一连串糟糕的经济数据加深了股市的悲观情绪。官方公布的最新数据显示，8月份中国工厂产出、消费和投资的放缓幅度均超过预期，失业率意外升至六个月来的新高，房价环比继续下降。股市是经济的晴雨表，专家预计，悲观的股市预示着中国经济不会很快走出萧条期。

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Thursday, September 5, 2024. My name is Nelson John. Let's get started. Indian equity markets fell on Wednesday. The benchmark Nifty50 index was down by 0.32 percent, while the Sensex dropped 0.25 percent. Just a few years ago, dining out was a special occasion—something you did to celebrate or treat yourself. Then the pandemic hit, and if you didn't feel like cooking, ordering in became the only option. This shift fundamentally changed consumer behaviour, particularly for fast-food diners. Suneera Tandon and Varuni Khosla report that quick-service restaurants like Domino's, McDonald's, and Pizza Hut are now struggling to draw customers back to their outlets. Dine-in sales remain under pressure, while competition in the delivery space has intensified. To entice customers off their couches, these chains are offering discounts and promotions to boost in-store demand. Tata Motors launched its popular EV, the Nexon, in 2020. Early buyers may now be considering selling their first-generation green cars. Alisha Sachdev brings encouraging news: the resale value of Indian EVs is outperforming their global counterparts. However, EVs still depreciate faster than petrol and diesel vehicles. Despite this, Alisha notes that as the EV market continues to mature and the availability of used electric vehicles grows, this depreciation gap is likely to shrink, potentially making electric mobility more accessible and appealing to a wider range of consumers.India's festival season, kicking off in early September and culminating with Diwali sometime in November, is a critical period for e-commerce players. It's traditionally marked by a surge in offers as consumers' buying appetite increases. This year, India's quick commerce sector is taking on e-commerce head-on during this busy time. Zomato is expanding its "dark stores" and introducing more consumer electronics categories to meet festive demand, while Tata-owned Big Basket has ventured into selling large appliances. Sowmya Ramasubramanian and Suneera Tandon report on the trend.Pharmaceutical companies have long been criticized for their aggressive marketing tactics aimed at doctors. A prime example is Dolo-650, which became the most prescribed drug during the pandemic in 2020. By 2022, however, Dolo's manufacturer, Micro Labs, was facing scrutiny from the tax department for allegedly offering ₹1,000 crore in freebies to doctors to promote the pain and fever reliever. Now, the government is tightening its focus on such ethically questionable practices, writes Priyanka Sharma. The Department of Pharmaceuticals, under the Ministry of Chemicals and Fertilizers, has mandated that companies disclose details of their spending on free samples, conferences, workshops, and other promotional activities, including specifics on sample distribution, event expenses, and recipient information.The brutal rape and murder of a junior doctor at Kolkata's RG Kar Medical College on 9 August shocked the entire nation. The capital of West Bengal—currently the only state led by a woman chief minister—has since been gripped by protests and unrest following the horrific crime. Mamata Banerjee, who has led the West Bengal government for 13 years and been an active politician for over four decades, now faces perhaps the toughest test of her career. Despite a history of leading protests against the state's previous Left regime, this tragedy has emerged as her most significant challenge yet. Mint's Romita Datta delves into how the Kolkata rape and murder has become a defining moment in Mamata Banerjee's political journey. Eating at a fast-food outlet may be a better bargain than ordering in EV resale value improving in India—but still less attractive than ICE siblings It's e-commerce versus quick commerce this festive season Govt targets drugmakers offering freebies to doctors to promote their medicines Bengal: Mamata Banerjee, who wrote the book on protests, faces her biggest test 

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, March 19, 2024. My name is Nelson John. Let's get started:On a day marked by wild gyrations of the Sensex and Nifty, the benchmark indices managed to end Tuesday on a positive note. Both Sensex and Nifty ended the trading session about 0.15 per cent above their previous close. Tata Steel, Mahindra & Mahindra, JSW Steel and Tata Motors emerged as the top gainers on Tuesday. Have you invested in a small cap fund? Or looking at the high rate of return, have you been tempted to? Market regulator Sebi put small and mid cap funds under a stress test to check if they can handle a large sum of money, especially in a space which tends to have less liquidity. But what was the need for this test? Mint Money's Neil Borate and Jash Kriplani explain the move. Over the last two years, assets under management for small-cap mutual funds have more than doubled! This coupled with an average return value of more than 45 per cent, raised concerns with the regulator. Sebi asked small cap funds to rank companies under their management in descending order of liquidity. Days to liquidation vary from 12 days for 50 per cent liquidation for smaller funds, to 60 days for larger ones. Neil and Jash also tackle questions around the methodology of the stress test and whether you as a small-cap investor should be worried. Tata Sons, the parent entity of India's premier software services company Tata Consultancy Services, is reportedly planning to offload 23.4 million shares through block deals. The shares are to be sold at a price of 4,001 rupees each, totalling an estimated 9,300 crore rupees or about 1.1 billion dollars, as per a Bloomberg report. Tata Sons owns more than 72 per cent of TCS, which has seen its share value increase by 30 per cent over the last year. This strategic sale is speculated to be a manoeuver by the Tata Group to bypass the need for a public market listing for Tata Sons. Such a listing is a requirement set by the Reserve Bank of India for 'upper layer' non-banking financial companies to be listed on stock exchanges.The issue of electoral bonds is more layered than was initially understood. Days into SBI releasing details of donations made by corporations to political parties, the data keeps on throwing up surprises. Mint's Varun Sood unpacks more of it in this next story. Megha Engineering and Infrastructures Ltd , a prominent player in India's infrastructure sector, finds itself at the centre of a puzzling discrepancy about its political donations made through electoral bonds. According to Megha Engineering's  last annual report, the company purchased electoral bonds worth 280 crore rupees. However, the Election Commission's data tells a different story. The commission's data shows Megha and its subsidiary, EveyTrans, together only bought bonds totaling 199 crore rupees in FY23. This discrepancy raises serious questions about the accountability of such instruments, meant to channel money anonymously to political parties. Meanwhile, the Supreme Court, which deemed electoral bonds illegal in a landmark judgement last month, has told the State Bank of India to disclose all details. This includes the date of purchase and redemption, the name of the purchaser and recipient, denomination, and alphanumeric numbers and serial bonds. Mint's legal correspondent Krishna Yadav reports on the Supreme Court's strict and no nonsense approach towards electoral bonds.  What's common between Sachin Tendulkar in the early 2010s, Muhammad Ali in the 80s and Roger Federer in the late 2010s. They were all past their prime but were still going on. Now what if I told you a similar analogy can be drawn in the stock market with giants like HDFC, Hindustan Unilever (HUL), and Asian Paints. These companies were once the stalwarts of equity markets, with a widespread belief that investing in them was a surefire win. However, everything has an expiration date. In 2023, for the first time, shares of HDFC Bank, HUL, and Asian Paints all lagged behind the Nifty50's impressive 20 per cent increase. While Asian Paints saw a modest 10 per cent rise, HDFC Bank climbed by only 5 per cent, and HUL grew a mere 4 per cent. Mint's national editor, Abhishek Mukherjee, offers an in-depth analysis of the downturn experienced by these once-iconic stocks. New Delhi-based Azure Global Power, a renewable energy firm listed on the New York Stock Exchange, is considering strategic moves including selling a stake to a partner. People familiar with the development told Mint's policy bureau chief Utpal Bhaskar, that the company is even mulling selling the entire business. Originally listed on the NYSE in 2016 and subsequently delisted in 2023, Azure Power has significant investment from Canadian pension funds CDPQ and Ontario Municipal Employees' Retirement System, who own 53.4 per cent and 21.4 per cent of the company, respectively. We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance. Show notes:Mint Primer: Why you shouldn't stress out over new mid- and small-cap testsTata Sons to sell 23.4 million TCS shares worth ₹9,000 crore in block dealAt India's second-largest engineering co, gaps emerge in electoral bond fundingWhy Dalal Street's one-time darlings are struggling to keep the romance goingAzure Power is navigating leadership churn; a stake sale may be next

In this episode, Monika dives into the intricacies of index investing, unravelling the mystery behind the index number. She breaks down the fundamentals of index numbers for the Sensex and Nifty 50, drawing parallels with the familiar inflation index. Uncover the essence of these indices, understanding their composition, dynamics, and significance in the world of finance. Learn how to use index investing as a low-cost and efficient strategy to secure your financial future. Join Monika as she navigates the intricacies of retirement planning for individuals at various stages of life. Discover actionable strategies tailored for every milestone, from planning at age 50 to optimising investments post-retirement. Learn how to leverage financial instruments effectively to secure your financial future with confidence. Chapters: (00:31 - 05:40) Decoding Index Investing    (06:00 - 08:11) Is it Too Late to Plan for Retirement in 50s? (08:14 - 12:02) How to Allocate Money at the Time of Retirement (12:05 - 15:26) How to Plan for Retirement Without Pensions If you have financial questions that you'd like answers for, please email us at mailme@monikahalan.com  Monika's book on basic money management https://www.monikahalan.com/lets-talk-money-english/ Calculators https://investor.sebi.gov.in/calculators/index.html You can find Monika on her social media @monikahalan.  Twitter @MonikaHalan Instagram @MonikaHalan Facebook @MonikaHalan This is a Maed In India Production; check us out at www.maedinindia.in Creative Director: Mae Mariyam Thomas Project Manager: Shaun Fanthome Head of Audio: Kartik Kulkarni Producer: Meghna Gulati  Sound Editor: Lakshman ParsuramArtwork: Alika Gupta

The general election is round the corner, and internet users are increasingly facing the risk of misleading content online. They are often circulated with the intent to influence voters. But tech giant Meta has recently found a way to crack down on the problem. It will soon introduce a dedicated chatbot on Whatsapp to identify deepfakes.  Meta's collaboration with MCA includes partnerships with 11 independent fact-checking organisations that will help users to identify, review and verify potential misinformation on its platforms.Moving on, popping dietary supplement pills has become a routine for many around us. And they are flying off chemists' shelves. The increasing demand for dietary supplements has prompted the centre to consider stricter regulations for the nutraceutical industry. The government wants nutraceuticals to be of the same standards as pharmaceuticals, citing concerns over their unsupervised usage. Find out if India requires tighter nutraceutical regulations? Meanwhile, the equity markets have been steadily edging higher over the past few days, with the Nifty50 index hitting a fresh all-time high recently. So, is it time to get cautious? How comfortable are analysts with the market valuations, and what should be your investment strategy in this backdrop?  Recently, the Indian Highways Management Company advised highway users to buy FASTags from 32 authorised banks and not Paytm Payments Bank. The company is the toll-collecting arm of the state-owned National Highways Authority of India. But what if you own a FASTag by Paytm Payments Bank? Find out how you can deactivate that and buy a new one in this episode of the podcast. 

Hello and welcome to CNBC-TV18's daily markets podcast. Here's a snapshot of all that you need to know before the February 15 trading action -In the previous session, the Indian market defied the negative cues from global peers and made a smart recovery during intra-day trading to settle at day's high led by gains in State Bank of India, Bank of Baroda, and other PSU banks. At close, the BSE Sensex rose 267 to settle at 71,822.83 and the Nifty50 gained 96 points to end at 21,840. - Foreign institutional investors (FIIs) net sold shares worth Rs 3,929.60 crore, while domestic institutional investors (DIIs) purchased Rs 2,897.98 crore worth of stocks on February 14, provisional data from the NSE showed. -Will Nifty 50 retest the 22000 or 22100 levels? Analysts say with the third quarter earnings season almost over, the focus will now shift to global cues and economic data points. And that the market may see a gradual up move on the back of strong fundamentals. - Overnight in the US, all three major indexes regained some ground after the sell-off on February 13, following hotter-than-anticipated inflation reading. The S&P 500 advanced almost a percent while the Nasdaq Composite climbed more than a percent. The Dow Jones  was up 0.4%. -In morning trade, Asian markets rebounded after mostly falling in the previous session. This is even as GDP numbers from Japan showed that Asia's second-largest economy had entered a technical recession. -All eyes will be on US retail sales data, jobless claims and industrial production data that will be released in the evening -Stocks to track: Utkarsh Small Finance Bank, Hindustan Unilever, IRCTC, Paytm, M&M, Muthoot Finance, Gland Pharma, Glenmark Pharma and Sun TV. -Trends in the GIFT Nifty indicate a positive start for the broader index in India, with a gain of 80 points or 0.37 percent. The Nifty futures were trading around the 21,993 level. -Results: EPACK Durable and R Systems International -Nifty's weekly options expiry is also due today. Tune in to the Marketbuzz Podcast fore more cues

Hello and welcome to CNBC-TV18's daily markets podcast. Here's a snapshot of all that you need to know before the February 14 trading action - US inflation data came out higher than expected. US CPI data rose by 0.3% on a monthly basis, while on an annual basis it was up 3.1%. Core prices, which exclude volatile food and energy components, rose 0.4% month over month and 3.9% from a year ago. Core CPI was expected to have increased 0.3% in January and 3.7% from a year earlier, respectively. - Overnight in the US, the hotter-than-expected inflation data saw all three major indexes lose ground, with the Dow Jones Industrial Average falling 1.35%, clocking its worst session since March 2023 on a percentage basis. The S&P 500 slid 1.37%, while the Nasdaq Composite fell 1.8% to settle at 15,655.60. - Asia-Pacific markets tracked Wall Street losses. Hong Kong's Hang Seng index led losses in Asia, plunging 1.7% at the open as the city returns to trade after the Lunar New Year holiday. Japan's Nikkei 225 retreated from 34-year highs, falling 0.78%, while the Topix saw a larger loss of 1.21% - Oil held a seven-day run of gains as traders digested contrasting outlooks from OPEC and the IEA, as well as a mixed US stockpiles report. - Brent was near $83. Although OPEC's top official said global oil demand is set to grow strongly, the Paris-based International Energy Agency flagged comfortable markets this year. - The domestic stock market in the previous session closed at day's high amid volatility, regaining half of Monday's losses. The Nifty50 index held onto 21,700. The midcap index also recovered sharply, gaining about 1,000 points from lows. The Sensex rose 482.70 points or 0.68% at 71,555.19, and the Nifty gained 127.30 points or 0.59% at 21,743.30. - The Nifty Bank index also shed previous session losses and settled 1.38% higher at 45,502.40. The PSU sector has bounced back after witnessing profit booking over the last few trading sessions. - Meanwhile, foreign investors were net buyers, buying ₹376 crore, in the cash market on February 13, while domestic investors also bought ₹274 crore in equities. - Adani Group companies, IRCTC, Zee Ent, Nalco, Oil India, Deepak Nitrite, BPCL,  Bharat Electronics - Gift Nifty was trading in the negative territory this morning indicating a start below 21700 level for Nifty. Tune in to the Marketbuzz Podcast for more cues

The Indian equity market overtakes Hong Kong to become the 7th largest market driven by strong inflows. The benchmark NIFTY50 is up 16% on a YTD basis and optimism is expected to continue until the election months in 2024. We speak with Pramod Amthe, Head Of Institutional Equity Research, InCred Capital for his thoughts on the Indian economy and what sectors we should look out for.Image credit: Shutterstock.com

A host of world leaders will meet and brainstorm ways to limit global temperature rise during the 12-day COP28 summit - which begins today on November 30 in Dubai. They will also assess the progress made towards the Paris Climate Change Agreement -- which had sought to limit global warming to below 2 degrees from pre-industrial levels. Let's track the journey of this annual event and also tell what can we expect from this year's event.   Meanwhile, temperature also soared in Silicon Valley recently after the OpenAI board sacked Sam Altman. Although Altman's reinstatement has taken some of the heat out of the drama, it has raised questions about the relation between company boards and CEOs. Business Standard's Suveen Sinha sat down with industry veterans Arun Maira and Amit Tandon to get clarity on this contentious subject Indeed, Indian industry too can draw lessons from the OpenAI saga. Moving on, the overall market capitalization of BSE listed shares topped the 4 trillion dollars mark for the first-time ever on Wednesday. This comes on the day the Nifty50 index ended above the 20,000-mark after a gap of 2 months. The key question on investors' minds now is, will the optimism last?  After the markets, let us turn our gaze to another news which kept people glued to screens for 17 days. A group of rat hole miners rescued 41 workers stuck in an Uttarkashi tunnel on Tuesday night. In our explainer segment, Nandini Singh tells more about these miners. Kisten to this episode of the podcast for answers. 

Just over four months after close to 300 passengers lost their lives in a collision of two trains in Odisha, a similar mishap in Andhra Pradesh has now left 14 dead. And there is a likely common thread. That is human error. Even last month's train derailment in Bihar was also attributed to a goof-up by its driver -- who had applied a sudden brake. So how can railways eliminate human error and make the tracks safer? What are the lessons learnt? And what difference technology is making?  Over three years on, the number of passengers railways is carrying has still not reached the pre-pandemic level. And a big chunk of them have shifted to air travel, thanks to the rising income level. Apart from air travel, Indians are also splurging on alcohol. From a market size of $52.4 billion in 2021, the alcobev sector is expected to reach $64 billion in five years. Find out what is brewing in this sector. No wonder, liquor stocks have rallied up to 200% in the last one year. Moving on, the September quarter results season is drawing to a close with nearly 2/3rd of Nifty50 companies announcing their results. A read through of the results show cyclicals and commodity-linked companies haven stolen the show, while IT has disappointed. Take a deep dive into the Q2 report card of India Inc, and examine if the growth trends are here to stay. After vetting quarterly results, let us now shift our focus to the country's politics. Last week, TMC MP Mahua Moitra stormed out of a meeting of the Parliamentary Ethics Committee alleging that she was asked questions related to her personal life. She even called some questions “filthy”. The panel is looking into allegations that the MP took cash to ask questions in Parliament, a charge she has denied. But what is an Ethics Committee? Listen to this episode of the podcast for answers.  

Chinese companies, it seems, have been under increased scrutiny in India since 2020 border clashes. Hundreds of apps have been banned, several smartphone makers have been served with tax evasion notices and telecom firms have been kept out of 5G trials. In our first segment, Ayush Mishra dwells into details to find out why are Chinese companies under scrutiny in India?   After China, let us now move on to a much-awaited annual event. The two-day Business Standard BFSI Insight Summit is starting from October 30. It will feature prominent voices from India's economic, financial, and corporate landscape, including RBI governor Shaktikanta Das, IRDAI Chairman Debasish Panda, Sebi wholetime member Ananth Narayan, Jio Financial Services Chairman K V Kamath, SBI Chairman Dinesh Khara and PhonePE CEO Sameer Nigam. For an international perspective, the summit will also have global head of equity strategy at Jefferies Christopher Wood. The summit comes at a time when India's digital banking infrastructure is expanding at a very fast clip and its economy is projected to become the third largest in a matter of years. However, challenges are mounting too. Against this backdrop, join A K Bhattacharya, Tamal Bandyopadhyay and Ruchika Chitravanshi to find out what to expect from this summit and why you cannot afford to miss it.   One of the challenges that the experts just spoke about was global uncertainty. It is singeing Indian equity markets too. Key indices have been in a free fall over the past couple of days with the BSE Sensex index crashing 900 points on Thursday, and the Nifty50 index nearing 18,850-mark. The markets are at their lowest levels in 4 months. With them, shares India's most valuable company, Reliance Industries, too, have lost ground as they dropped 4% in 5 days. Analysts believe volatility in the commodity market, coupled with heavy capex plans, have been weighing on the stock. So, will the company's September quarter results help it come out of its slumber? Or will it trigger another round of sell-off? What are the markets expecting from RIL's Q2 results?    After the markets, let us see what is happening on domestic front. It seems, caste survey in Bihar has changed the course of country's election narrative. But some believe that the ruling BJP could implement Rohini Commission's report to turn the table on opposition. But what is this commission? Listen to this episode of the podcast for answers. 

In this episode of market minutes, Lovisha Darad talks about how domestic markets are likely to fare on October 25 against the backdrop of second quarterly earnings and Israel-Hamas war. Positive cues came in from Wall Street as all major advances cheered overnight due to solid corporate results and slight cool off in treasury yields. That apart, Bitcoin breached hit over one-year high of $35,000 mark on possible approval of exchange traded funds (ETFs). Back home, investors will track Q2 report card of Nifty50 companies Axis Bank and Tech Mahindra due later today. Also, catch Rakshat Kapoor of Modulus Alternatives on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

In this episode of Market Minutes, Shailaja Mohapatra talks about PKH Ventures' IPO withdrawal, Macrotech Developers' Q1 business update and the newest entrant to Nifty 50. Also, catch Sailesh Raj Bhan of Nippon India Mutual Fund in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends

Tata Consultancy Services or TCS -- as we know it – has been hit by a job scam. It has fired six employees after it was found that they received favours from staffing firms to recruit temporary employees. Six staffing firms too have been banned for the alleged wrongdoing, which Chairman N Chandrasekaran described as painful. So exactly what happened at India's top IT company? And what can be done to prevent its recurrence?  India's IT bellwether, in the meantime, is busy giving final touches to its Q1FY24 results. And some reports suggest that it may announce share buyback too with its financial numbers in a few days from now. Moving on, the decades-old debate around implementation of Uniform Civil Code has resurfaced. The BJP-led government has been advocating uniformity in laws governing divorce, succession, inheritance and adoption. It was one of its major poll promises too. So now, when Prime Minister Narendra Modi has made a strong pitch for it and the 22nd law commission is seeking views on it, we ask if India is ready for a UCC?  Unperturbed by political discourse, the country's benchmark indices are charting growth stories. The Sensex and Nifty have scaled new highs on the back of strong FII flows. In the last one month, the Sensex has surged over 2,000 points and breached the 65,000 mark on Monday, July 3. The Nifty50, on the other hand, has hit the 19,300 mark for the first time ever. So, how sustainable is this rally? Which sectors and stocks still offer some headroom? Puneet Wadhwa spoke with U R Bhat, co-founder and director, Alphaniti Fintech to know his views On Tuesday, the markets will look at global cues for direction. Some profit booking due to the sharp run up cannot be ruled out. Meanwhile, with Elon Musk at the helm, Twitter has become an interesting space to watch. In a social media post, Musk said last week that Twitter has applied temporary reading limits to address “extreme levels” of data scraping. But what is data scraping? Lets find out in this episode of the podcast. 

Go First has secured lenders' approval for interim funding of 450 crore rupees. With this, the grounded airline -- which has filed for bankruptcy -- may come to the runway again. But will it finally take off from the runway?  Go First's return to the sky will indeed be good news for consumers, as the aviation market is left with only two big players: Air India and Indigo. From the sky, let us shift focus to the depth of seas -- which has become a favourite destination for adventure-seeking tourists. But the recent implosion of Titan submersible has highlighted the other aspect of adventure tourism: the risks attached to it. So will the Titan sub disaster sink risk tourism?  Dealing in stocks -- with its unexpected movements -- can also be as thrilling as bungee jumping. Amid the ongoing bull rally, micro-cap stocks have been the flavour. With a sharp surge of 15% this year, the Nifty MicroCap index has sharply outperformed the Nifty50, midcap and smallcap indices. Find out the reason behind this rally, and if these stocks are worth your money A lot of investors it seems are over the moon as Sensex is hovering close to all-time high. Talking of the moon, the United States is planning to send humans again to the lunar surface by 2025. And, during Prime Minister Narendra Modi's recent visit to the US, India joined the Artemis program -- which is aimed at another moon landing after the Apollo missions. So what are the Artemis Accords and what do they mean for India's space exploration ambitions? Listen to this episode of the podcast for answers. 

This is a fresh new trading week and the cues for today are taking cues from last week when Nifty50 closed high for the fourth consecutive week and gains in financials and FMCG-led markets higher. Sensex, Nifty and midcap closed at intra-day highs on Friday's trading session and Nifty is now just 61 points away from its all-time high of 18,887.6 points. Now the big question of course, this week is will the Nifty be able to reclaim its new high? The midcap index too was up 3 percent for the week. It hit its record high, four out of the five trading sessions. Nifty FMCG was up 3.5 percent last week and hit record high, three out of five trading sessions. Let's talk about some flows. In June, foreign institutional investors (FIIs) have bought Rs 6900 crore in cash, so far. Domestic institutional investors (DIIs) have net bought Rs 4,330 in cash. And the key levels to watch for Nifty. On the support side or the downside it's 18650 to 18700. Resistance is at 18,950 to 19,000. These will be important levels to watch apart from the fact that we are tracking whether Nifty scales its record highs or not. Last week, US markets they closed lower. US markets will be shut today for a holiday. So we won't be getting those cues tomorrow. Japanese markets are mixed. Hang Seng and Taiwanese index are lower right now. Japanese markets are hovering around the 33-year-highs and yen is at a 15-year-low versus the euro after Bank of Japan's decision. SGX Nifty is absolutely flat. So, these cues are a little difficult to read. However, Nifty levels will be tracked closely today. Tune in to the Marketbuzz Podcast for more cues and news ahead of today's session

Yesterday, the Nifty broke out. It finally conquered the resistance levels of 18,600 to 18,700 to close significantly higher. This morning, the SGX Nifty is pretty flat. The US markets too had had a mixed session. While Dow Jones was up 0.3 percent, we did see profit taking in NASDAQ. NASDAQ was down 1.3 percent. But the Russell 2000, a smallcap index, saw a rally of 1.8 percent. So the broadening of the US market rally continued and that is a bit of a positive. But we've got such a big cue, we've got the RBI monetary policy and that decision will be known in around two hours from now. So the market could take a bit of a wait-and-watch approach before deciding its next move. So that's why the SGX Nifty is on the flatter side. In terms of the other big notable cues, everyone's watching out for whether we can go back to our all-time-high levels. The all-time high level on the Nifty was 18,888.7 hit on December 1, following which markets went into a bit of a corrective zone. Then came the news of Adani and US regional banks and the markets sold off considerably in the February and April. Since then it has been moving up. In fact, if you remember towards March-end, the Nifty was at a level below 17,000 and the markets have made a spectacular up move over April and May. But over the last couple of days, it was consolidating within a tight band of 18,400 to 18,600. On Wednesday, we witnessed the first signs of a breakout. Now, the question is whether we can test our all-time high levels. We're just about 160 points away from that in terms of flows. Both the FIIs and DIIs were buyers in the cash market. In terms of some stocks you should keep on your radar -- both Tata Motors and Tata Communications -- held their analysts meet or investor day on Wednesday. Tune in to Marketbuzz Podcast for more news and cues ahead of today's session

SGX Nifty is indicating a positive start for Indian benchmark indices Sensex and Nifty50. On Tuesday, Nifty closed closer to the 18,600 level in a late surge. Nifty witnessed quite a bit of weakness.  Nifty has faced resistance around the 18,600 mark and it has not been able to go ahead and hit or go across the 18,700 level with conviction.  Talking about overnight markets, US markets were largely flat, with the Dow Jones incidentally closing almost flat and S&P 500 2 percent higher, and Nasdaq was around 0.4 percent up.  However, the majority of the action lay at the broader end of the US markets with the Russell 2000 index gaining over 2.7 percent in yesterday's trading session.  On Wednesday, keep an out for defence names. There is a lot of news flow in terms of memorandums of understanding (MoUs) being signed, the german defence minister visiting. So watch out ofr names such as HAL, shipbuilding companies, etc. All of these stocks have done significantly well in the trading session.  And the key that markets will be watching out for would be the outcome for the RBI monetary policy. Tune in to Marketbuzz Podcast for more news and cues ahead of today's session

The SGX 50 is suggesting a slight down take, a cut of around 10 to 20 points to begin trade with. The reason for that is the US markets have closed with minor cuts. The Dow Jones was down 0.6 percent, the S&P500 ended lower by 0.2 percent. The Nasdaq was down close to about 0.1 percent. So global markets have taken a bit of a breather. There is a pause at the rally and that might reflect in the Indian market. But separately for the Indian markets, we've been facing some resistance. Now Monday was the fourth instance in the last six trading sessions that the Nifty50 index crossed the mark of 18,600 each day but failed to sustain above those levels. So this 18,062 in fact was the intraday high on the Nifty last week. This morning, we don't have the global queues to propel us higher. The big thing to watch out this week is the RBI monetary policy, but that will be known only on Thursday. On the other hand, midcaps have been doing well. Now, the midcap index just was up about 0.14 percent on Monday. It wasn't too much of a gain, but the midcap index was higher for the 11th straight session and it did close at record levels in terms of flows. Domestic institutional investors (DIIs) bought Rs 1,195 crore in cash. Meanwhile, the foreign institutional investors (FIIs) sold Rs 701 crore in cash market in the third consecutive day of selling in the cash market. In terms of stocks, JK cement has acquired Charlie Cement. BHEL has got a ‘downgrade' by Nomura. They've lowered the rating to a reduced target price brought down to Rs 61 per share. They are concerned about the rising receivables, the debtor days, they believe the recent order winds are aggressive, so the scope of margin recovery could be less than what the street is anticipating. Tune in to Marketbuzz Podcast for more news and cues ahead of today's session

The real estate sector is back in the spotlight after housing sales registered strong growth in the July-September quarter of 2022. According to ANAROCK data, the sales of residential properties across Delhi-NCR, Mumbai Metropolitan Region, Chennai, Kolkata, Bengaluru, Hyderabad and Pune rose 41 per cent year-on-year to 88,234 units. New launches, too, climbed 45 per cent YoY to 93,490 units in these seven cities during the recently concluded quarter. However, after the pandemic, the sector stands vulnerable to successive rate hikes. Against this backdrop, analysts believe that the upbeat housing demand would override rate hikes in the long-run. Nishit Master, Portfolio Manager, Axis Securities says strong demand environment for realty. Steady inventory positive for new launches. Wage growth to offset rate hike turbulence. Bullish on Godrej Properties, DLF, Mahindra Lifestyle.  Moreover, investors have turned positive on the sector in the second quarter of FY23 after relative underperformance in the previous quarter. At the bourses, shares of Brigade Enterprises, DLF, Godrej Properties, Indiabulls Real Estate, Oberoi Realty, Prestige Estates, Phoenix Mills and Sobha have surged up to 28.3 per cent. In comparison, the S&P BSE Sensex and Nifty50 have gained over 8 per cent each, in the July-September quarter.   That said, experts fear that incessant rate hikes would inflate costs of raw materials, which would elevate property prices and dampen demand.  "This whammy of rising rates comes along with the inflationary trends of primary raw materials, including cement, steel, labour, etc, that have recently led to a rise in property prices. These factors will impact residential sales that did reasonably well in the first half of 2022," says Anuj Puri, Chairman, ANAROCK Group.  Since the present interest rate continues to be at lower levels than 10 years ago, more rate hikes carry the potential to derail demand momentum, warn analysts. Arun Chulani, Co-Founder, First Water Capital Fund says festive season to augur housing demand. Realty prices flat compared to last decade. Rate hikes still lower than 10 years ago. Rate hikes to dent home buyers sentiment. As regards today, rupee movement, foreign flows and crude oil prices will guide domestic markets on Thursday. Globally, crude inventory report, US inflation and employment data will be closely tracked.

Global turbulence, since the outbreak of the Russia-Ukraine war, led to a V-shaped market trajectory in the first half of the current fiscal. In three months to June, investors went looking for cover as equities crashed in the backdrop decadal high global inflation and disrupted supply chains. However, from July to September, Indian equities bounced back on the back of steady economic growth despite interest rate hikes by the Reserve Bank of India, and the return of foreign portfolio investors. Joseph Thomas, Head of Research, Emkay Wealth Management says, H1FY23 was challenging for markets. Impact of Ukraine crisis, global inflation key dampeners. Hard money policy by US Fed, ECB, RBI impacted liquidity. The benchmark S&P BSE Sensex and the Nifty50 indices fell about 2% each between April and September this fiscal year. In the broader markets, the small-caps suffered sharper blows, with the Nifty SmallCap index plunging around 9.5%. On the contrary, mid-caps were the only rewarding segment with the Nifty MidCap index climbing 3% during the period. Among individual stocks, Adani Power, and Mazagon Dock Shipbuilders more-than-doubled investors' wealth in six months, as they surged over 100%. On the downside, Brightcom Group, Tanla Platforms and TV18 Broadcast cracked up to 65%. Going forward, analysts expect India Inc's corporate profitability to take beating in the second half of the fiscal year amid sustained monetary tightening.  Joseph Thomas of Emkay Wealth Management says tight monetary policy, dwindling liquidity to impact markets in H2FY23. Increased cost of borrowing will hit India Inc. Corporate profitability may be under threat. ‘Buy the dips' to build long-term portfolio.  That said, the near-term texture of the markets remains uncertain, with global headwinds weighing on the sentiment. In this holiday-truncated week, a slew of macro-economic data will guide equities including September GST collection data, Manufacturing and Services PMI data, and auto sales data. That apart, investors may see fund-rotation ahead of the Q2 results season. 

Russian war has finally started to cast a shadow over India's balance of payment. Rising global commodity prices, especially that of crude oil, have widened India's current account deficit to 2.8% of GDP in the first quarter -- highest in nearly four years. But RBI Governor Shaktikanta Das appears confident. He said on Friday that the foreign exchange reserves compared favourably with most peer economies. Das also said that India's external debt to GDP ratio was the lowest among major emerging market economies. Indian automobile industry seems to have shrugged off the pandemic blues with fancy models, especially SUVs. Notwithstanding the global uncertainty and lingering chip shortage, it has posted a healthy growth in the last few months. But wait. If you are planning to book your favourite model during the ongoing festival season, then think again.    Moving on to markets, benchmarks ended nearly flat after a challenging first half of FY23. The Nifty50, and the BSE Sensex dipped around 2% during the first six months of the current financial year. But the indices may be eyeing greater volatility in the remaining part of this fiscal. We trace the outlines how the next six months of FY23 may shape up for equity markets amid tighter monetary policies. Not just the stock movements, but you can also watch Supreme Court proceedings live now. Last week, the apex court started live-streaming proceedings of Constitution benches. But what exactly is a Constitution bench. This episode of the podcast tells more

Since the US Federal Reserve hiked rates by 75 basis points last Wednesday, the  Sensex and the Nifty50 indices have tumbled nearly 2% each, turning negative in terms of returns for 2022. As per technical charts, over half of the Nifty500 index constituents have been dragged below their respective 200-day moving averages with the recent selloff.  Technically, the 200- DMA provides a broad outlook of the underlying trend in a stock or an index for long-term investors. Traders prefer stocks and indices that are above the 200-DMA, since they tend to perform better over time.    Analysts, however, say this correction has been overblown due to panic selling by investors. G Chokkalingam, Founder and CIO, Equinomics Research believes selling in domestic markets is overdone. Indian markets have been penalised for problems of the West, he says. India's GDP growth still has been resilient. Fall in oil prices, good monsoon, healthy Kharif crop to keep sentiment positive.  Sharing similar views, VK Vijayakumar of Geojit Financial Services says, despite an unfavourable global macro construct in the short-run, the Indian markets will outperform their global peers.  Vijayakumar says, “With the Fed staying ultra-hawkish, the 5% slide in the MSCI world index last week reflects the bearish undertone of global equities. However, India will outperform both in economic growth and market performance”.  “Selective buying can be done in domestic economy-facing segments like financials, auto, capital goods, and others,” Vijayakumar says.  That said, the Sensex and Nifty indices slid below their 50-day moving averages on Monday. And the duo can continue the slide on breaching the key support levels of 200-day moving averages, as per technical charts.  Avdhut Bagkar of Business Standard reports, 268 stocks trade below 200-DMA; 37 added on Monday. Sensex stocks: Tata Steel, Power Grid, TCS, Wipro below 200-DMA. Nifty support at 16,700-16-800; Sensex support at 56,000 levels. Today, global market trends, FII inflows, rupee-dollar levels and oil prices will dictate the market trajectory. 

Equity investors have been on the edge since the start of 2022. From Ukraine war, to a sharp turnaround in interest rate cycle, investors have been toiling with wild swings across global markets. Lately, investors have become risk averse in the backdrop of rising inflation and have been ‘selling the rallies'. Given this, most analysts say the risk-reward for investing in Indian equities remains favourable despite the global headwinds. Vineet Bagri, Managing Partner, TrustPlutus Wealth India, says global markets in a flux. It's complicated to guess what the market is saying. Existing and potential economic disruptions denting markets. India is well positioned.  Back home, the retail inflation climbed to 7% in August – staying above the Reserve Bank of India's target zone for the first eight months of 2022.  Yet, the levels are not as high as being seen in developed countries, which is keeping analysts bullish on India's growth outlook. Joseph Thomas, Head of Research, Emkay Wealth Management says, India's GDP growth is resilient compared to other emerging markets. Credit growth above 15% reflects improving business conditions. Manufacturing sector is expected to do well. Rupee-based investors should be careful. Wait till US Fed's hawkishness moderates. Prefer domestic markets vs global equities, he suggests.  Indian equities' performance thus far in 2022 has been a testimony of this confidence. The return of foreign institutional investors, who have pumped in over Rs 64,000 crore since July 2022, has also lent support.  While key global indices including Dow Jones, S&P500, Nikkei, Heng Seng, and MOEX Russia have tumbled in the range of 4 to 36%, so far in 2022, the S&P BSE Sensex and the Nifty50 have gained over 1.5% each. With this, the domestic equities have turned relatively expensive. But analysts still suggest investors focus on domestic equities for now. “Global pain in the form of deflationary condition would help India in the form of cheap oil and moderation in trade deficits and inflation in the near future,” says G Chokkalingam, Founder and Chief Investment Officer, Equinomics Research. “We continue to believe that the domestic markets would recover significantly after every major fall in the short-term and the Sensex would hit another record high level by end of CY22,” adds Chokkalingam.   As regards today, the US Federal Reserve's interest rate decision will be on investors' radar.

On September 17, the government announced the National Logistics Policy, to develop a cost-efficient and integrated logistics ecosystem for India. The government plans to reduce the cost of logistics below 10 per cent from current 13 to 14 per cent of the GDP in a span of eight years. This would be in-line with developed countries like the US and Germany, where logistics costs are in the range of 7 per cent to 9 per cent. In order to reduce these costs, the government has launched several initiatives like Integration of Digital System, Unified Logistics Interface Platform, Ease of Logistics, Network Planning Group and System Improvement Group. Not only will these measures bring several modes of logistical routes under one centralised platform, it will also abate any operational inefficiency via a digital resolution platform. While some of these policy measures may take some time to materialise, analysts believe that platforms like Unified Logistics Interface Platform and Ease of Logistics can reduce logistic costs in the medium-term. In a conversation with Business Standard, Ronald Siyoni, AVP, Research, Sharekhan by BNP Paribas says, National Logistics Policy (NLP) will curb unscrupulous activities. Organised players likely to benefit. Bullish on TCI Express, Mahindra Logistics, Gati. NLP positive for autos and cement sectors That said, analysts believe that the synergies from the new policy is already priced in. Ambareesh Baliga, Independent Market Analyst, believes NLP will help minimise cost of logistics. New policy to trigger leadership change. Logistic stocks already priced in National Logistics Policy. No upside likely in the near-term, he says.  Meanwhile, on the bourses, shares of Aegis Logistics, Allcargo Logistics, Concor, VRL Logistics have surged in the range of 2 per cent to 50 per cent so far this calendar year 2022 (CY22). In comparison, Nifty50 and the S&P BSE Sensex gained two per cent each, during the same period. FII flows, rupee movement, crude oil prices, global cues will continue to guide domestic markets today. Globally, ECB Christine Lagarde's speech on interest rate trajectory will be tracked. The two-day US FOMC meeting also begins today.

Indian equities succumbed to global sell-off last Friday as the World Bank warned against a global recession in 2023. This, the agency said, would be on the back of the central banks across the world simultaneously hiking interest rates in response to inflation. The benchmark S&P BSE Sensex plunged 1,093 points to end near 58,840 level. The Nifty50, meanwhile, gave up 17,550. The Nifty IT index, which sunk close to 4% Friday, was one of the worst impacted pockets last week. The index dropped 7% during the period after a surprise increase in US retail inflation for August raised bets for aggressive rate hikes by the Federal Reserve. On a year-to-date basis, the index is down 31%, even as the Nifty50 index is up 1%.  Against this backdrop, analysts foresee more pain for the Indian IT companies, which have recently started freezing employee payouts to mitigate margin pressures. AK Prabhakar, Head of Research, IDBI Capital, more correction likely in IT stocks. Pick banks, consumption stocks over IT. IT, metals will underperform the market. Expect revenue slowdown, margin contraction for IT cos ahead.  Global brokerage Nomura, also, sees emerging evidence for revenue growth slowdown for the sector in the calendar year 2023 and financial year 2024. The brokerage notes, “We retain our cautious stance and believe that investors are likely to get disappointed with margins in FY23 and growth in FY24”   Meanwhile, Goldman Sachs has downgraded Tata Consultancy Services and Infosys to ‘sell', from ‘buy' It opines that “A slowdown in discretionary IT services spend will be quite material and something not yet completely reflected in the street's double-digit revenue growth forecast for the industry for FY24”  Technical charts, too, project a weak outlook for related stocks. Avdhut Baghkar of Business Standard says Nifty IT needs to hold 30,000 to see a breakout. Except L&T Tech and LTI, other stocks appear weak. Mphasis, Infosys and Coforge could slide 10%. This week, investors will track the US Fed's rate hike decision on Wednesday, which will guide the near-term market trajectory. Bank of England's policy rate outcome will also be monitored on Thursday. 

Inflation in the US eased to 8.3% in August, as against a reading of 8.5% in July 2022. The print was also lower than the peak of 9.1% touched in June this year.  Yet global equities witnessed mayhem on Wednesday as the annual pace of price rise was more than economists' median estimate of 8.1%. The US registered its biggest single-day loss in over two years, with the Nasdaq plunging 5% and Dow Jones 4% in Tuesday's overnight trade. In Asia, Nikkei and Hang Seng shed over 2.5% each; while Kospi and Taiwan were down 1.5% each. On the contrary, aggressive buying in banking and metal stocks helped the markets recoup initial losses. The frontline S&P BSE Sensex recouped 920 points from the day's low to end just 0.37% down near 60,350 levels. The Nifty50, too, shut shop 0.37% down at 18,000 levels. Investors fear that the higher-than-expected inflation data will likely make the US Fed even more aggressive in its rate hiking spree, leading to a hard landing for the economy. For now, the US markets are more or less factoring-in a 75-basis point rake by the US Federal Reserve when it meets on September 20-21.  Mark Matthews, Head of Research for Asia, Julius Baer says Fed may hike rates by 50 bps or 75 bps. Markets may not be disturbed or pleased by either. US futures market is pricing in 75 bps hike, he says. However, Wednesday's data has also increased the probability of a steeper 100-basis point rate hike. Against these expectations, should investors be worried if the Fed goes for a 100-bps hike?  According Avdhut Bagkar of Business Standard, underlying trend remains robust. Key benchmark indices on course to hit fresh peaks. Sensex may touch 63,000; and Nifty 19,000. Nifty Bank eyeing 42,000-mark, he says. Going into today's trade, global mood will be the key determinant of the session's trajectory. Commodity prices, FII fund flow, weekly F&O expiry and stock-specific triggers shall dictate the market action.

Last week, the government imposed 20 per cent export duties on various grades of rice like non-basmati, unmilled, semi-milled or totally milled, and husked brown.  A blanket ban on broken rice, too, was imposed as domestic supplies dwindled, after below-average monsoon season. However, parboiled and basmati rice were exempted from export duties. With this, India, which accounts for 40% of the global rice trade, stands to lose its world's market share to rice producing global peers like Thailand, Vietnam, Pakistan and Myanmar.  India exports rice to at least 164 countries. Iran was the biggest overall importer of Indian rice in FY22, accounting for $855.7 million. China was the biggest recipient of broken rice in FY22, which accounted for $480.3 million.  Therefore, analysts expect rice exporting companies to face the heat in the near-term.  Gaurang Shah, Head, Investment Strategist, Geojit Financial Services, protectionist measures are momentary in nature. One must 'hold' companies with sound fundamentals.  From an investment viewpoint, analysts suggest investors to avoid rice-mills stocks for another quarter. Speaking to Business Standard, AK Prabhakar, Head of Research, IDBI Capital says, investors need to expect another quarter of correction. But he does not see rice companies to make profits, and offers a caution on rice stocks until the Ukraine war is over. On the bourses, shares of LT Foods, Kohinoor Foods, Chaman Lal Setia Exports have declined in the range of 1 per cent to 10 per cent. In comparison, frontline indices Nifty50 and the S&P BSE Sensex have gained nearly 1 per cent each, during the same period. As regards today, India's inflation numbers and macro data will guide markets today. Globally, US inflation numbers, UK unemployment report and OPEC's monthly report will also be tracked. Rupee movement, FII flows and crude oil prices will continue to steer investor sentiments on Tuesday.

The sharp recovery from June lows has helped benchmark indices recoup all the year-to-date losses.  The YTD gains for benchmark Nifty50 and Sensex indices now stands at over 1%. In comparison, global peers across the US, Asia and Europe are down in the range of 2% to 42%. Analysts say the one-way rally over the past two months has been triggered by strong foreign portfolio investments, drop in commodity prices, and hopes of less aggressive rate hike by the Reserve Bank of India. They also expect India's relative outperformance to continue as it looks better placed with a healthy economic recovery and remains one of the fastest growing major economies. So, which are the stocks and sectors that should be on your radar? Analysts say investors should start nibbling in stocks with a focus towards the domestic economy-related sectors. Sunil Subramaniam, MD and CEO, Sundaram Mutual says global economy is going through anticipated downturn and India stands out as a shining light. Fall in oil prices ensues positive for the Indian economy.  Focus on Infrastructure, capital goods, building materials. Falling commodity prices to benefit discretionary consumption, automobiles, housing sector. Banks, NBFCs other key beneficiaries.  Nitin Raheja, Executive Director, Head - Discretionary Equities, Julius Baer Wealth Advisors, too, has a similar view. He says, India likely to have one of the highest GDP growth rates globally. This may be driven by financials and domestic consumption. BFSI, real estate, mortgage finance, building materials and hiring businesses doing well.  Among individual stocks analysts say export-oriented themes may give muted returns in the near-term. Thus, one could focus on domestically-focused stocks like L&T, UltraTech Cement, JK Cement, Tata Communication, Indraprastha Gas, GAIL, Brigade Enterprise, Tata Motors, Ashok Leyland, Dabur India, Jyothy Labs, Sapphire Foods, SBI, IndusInd and SBI Card. That said, weak global demand, and uncertainty with respect to global energy situation makes India vulnerable with respect to inflation, current account deficit, corporate profitability and currency.  On Friday, markets will react to the European Central Bank's interest rate decision, and assess US Fed chair Jerome Powell's speech at the Cato Institute's conference. That apart, oil prices, dollar index movement and stock-specific cues will guide the indices.

A turnaround in the margin pressure faced by auto ancillary companies may begin by the second half of the 2022-23 financial year (H2FY23), analysts say, as they expect the industry to reap the benefit of softening commodity prices, and easing supply snags with a lag. However, higher inventory costs may continue to dent the financials in the near-term. "Despite minor relief in margins due to a cool-off in commodity prices, we expect margins to remain subdued in Q2FY23 due to higher inventory costs. We expect profitability to be visible from Q4FY23 onwards," said Ricky Kirpalani, lead sponsor, First Water Capital Fund (AIF). So far in 2022, key raw materials used in automobile manufacturing like steel, iron ore, aluminum, nickel, and rubber have dropped in the range of 16 per cent to 45 per cent. The decline, Nishit Master, portfolio manager, Axis Securities, said, could support margins of related companies, coupled with higher utilisation levels, and easing of semi-conductor shortages. New order-book, EV push Meanwhile, a bevy of car launches ahead of the festive season is expected to brighten fortunes of auto ancillary products. While Maruti Suzuki is scheduled to launch Grand Vitara this month; Mahindra and Mahindra, too, will see the XUV300 rolling out in September 2022. As per reports, around 10 to 15 new passenger vehicles are set to hit the roads later this year. According to AK Prabhakar, head of research, IDBI Capital, auto-ancillary stocks like Sundram Fasteners, Bharat Forge, Timken, and Mahindra CIE may rally around 20-25 per cent in the short-to-medium term, benefitting from a healthy order book and demand upsurge. "Tyre stocks, too, are expected to see some relief as Brent Crude oil slumps to $90 per barrel," said Prabhakar. That apart, auto ancillary companies involved in manufacturing of crucial safety equipment, may benefit from the government's renewed push towards road safety, provided over-regulation doesn't hamper sales, analysts said. Union Transport Minister Nitin Gadkari, at a Business Standard event on Tuesday, said that the government will make it mandatory for carmakers to provide at least six airbags in an eight-seater vehicle from October onwards, in order to reduce road accident fatalities. From electric mobility perspective, Gaurang Shah, investment strategist, Geojit Financial Services said Exide Industries and Amara Raja Batteries stand to benefit as both the companies have invested heavily to build battery manufacturing facilities. On the bourses, shares of auto ancillary companies like Automotive Axles, Bosch, Fiem Industries, Gabriel India, GNA Axles, Lumax Industries, and Varroc Engineering have surged up to 36 per cent so far this year, shows ACE Equity data. In comparison, the S&P BSE Sensex and Nifty50 have gained over 1 per cent, during the same period.

Volatility swept domestic markets last week, marred by declining global sentiments, after the US Federal Reserve Chairman Jerome Powell propelled rate hike concerns on reiteration of hawkish stance. Yet, strong foreign inflows helped frontline indices end flat. The benchmark index Nifty50, for instance, dipped a meagre 0.1% last week, while the BSE Sensex fell 0.05%. While analysts attribute the Indian markets' resilience to healthy foreign inflows, they fear the peak of FII buying may be over. According to VK Vijaykumar of Geojit Financial Services, “FIIs are increasing their short positions in derivatives amid a surging dollar index, that hit a 20-year high of 109.6 last Thursday. This, and the US 10-year bond yield racing to 3.26%, is unfavorable for emerging market equities.”  Analysts at Credit Suisse, too, have downgraded equities to ‘underweight' on the back of rising inflation and recession fears. Going forward, analysts see markets to remain range-bound in the near-term. Neeraj Chadawar, Head - Quantitative Equity Research, Axis Securities says RBI's rate hike trajectory to guide markets. Watch out bond yield cues, commodity prices. Markets to remain range-bound in near-term. Apart from FII buying, falling crude oil prices also supported Indian equities last week. Brent crude prices have retreated below the 100 dollars per barrel-mark, and may be heading towards 80 dollars per barrel level, hopes Mohammed Imran of Sharekhan. He says, “We expect prices to fall further under $80 in coming weeks. Though a resilient labour market in the US may push crude to test resistance of $92, we remain bearish on crude oil outlook in near term.” Against this backdrop, technical charts suggests that the 50-pack index can move towards 17,850 levels this week with a support of 17,350 on the downside. The S&P BSE Sensex, meanwhile, can steer towards 59,800 on the upside with 58,000 acting as a strong support. Fundamentally, the European Central Bank's interest rate decision, rupee movement, and crude oil prices will guide markets during the week.

The extreme weather conditions, coupled with lower crop yield, have triggered a sharp rise in cotton prices.  So far in the month of August, the prices of this commodity have surged over 11 per cent to Rs 50,600 per bale from Rs 45,297 per bale. On the back of higher prices, spinning mills in highest cotton-producing states like Gujarat, Tamil Nadu, Andhra Pradesh and Maharashtra have either trimmed production or have started to use existing stockpiles. Globally, too, the production of cotton has taken a hit. Industry experts estimate lower production for the US – then world's largest producer of cotton. They peg production to plummet to 28 per cent, the lowest seen since 2010. While this may put margin pressure on textile companies in the near-term, the ones with steady inventories may benefit from this crisis in the long-run. Deepak Jasani, Head of Research, HDFC Securities, cotton-yarn manufacturers, apparel makers to be hit, high cotton prices to squeeze companies margins, garment manufacturers to storm through the crisis. That said, despite the huge cotton shortage across the country, analysts believe that India stands to storm through the crisis once prices ease. Vinit Bolinjkar, Head of Research, Ventura Securities, textile companies to benefit in long-haul, expect cotton prices to cool off soon, bullish on companies with steady inventories, positive on KPR Mills, Vardhman Textiles in long-term. Meanwhile, at the bourses, shares of textile stocks like KPR Mills, Welspun India and Vardhman Textiles have tumbled up to 45 per cent so far this year.  …In comparison, frontline indices Nifty50 and the BSE S&P Sensex climbed nearly 1 per cent each. That apart, this holiday-truncated week, investors will watch out India's quarterly GDP data. Globally, US employment data, crude oil inventory will also be tracked. As regards today, markets will react to global cues, rupee movement and crude oil prices.

The automobile industry, especially, four-wheelers, is expected to pick up momentum in the coming months as robust demand and easing supply worries lift their prospects. As per analysts, pent-up demand, new launches and increased mobility are among the key factors driving growth.   Patil estimates a 15% year-on-year growth for passenger vehicles in the current fiscal, which could cool down to 12-13% in FY24 on a high base.  Besides, analysts also expect a decent improvement in consolidated profit margins for passenger vehicle makers in FY23 due to the declining prices of key raw materials such as aluminum and steel. Those at JM Financial, for instance, say, “Owing to a 10% correction in steel prices recently, we expect gross margin to be favorably impacted in Q3FY23. Our analysis suggests that a 5% correction in the raw material basket will benefit the EPS by 2-15% for auto and auto ancillary companies." Saji John, Auto Research Analyst, Geojit Financial Services says festive season, normal monsoon, EV adoption to drive volumes. Production levels have normalised amid fall in metal, fuel prices. Remain watchful on inflation, borrowing costs in near-term. On the bourses, shares of four-wheeler companies like Maruti, Ashok Leyland and Mahindra & Mahindra have surged up to 50% so far this year as sales improved amid easing semi-conductor shortages and demand pick-up.  In comparison, the Nifty auto index has gained 18%, while the Nifty50 edged just 1% higher during the period. That said, market mood will be steered by global peers today as investors react to PMI data from across the western countries. In the primary market, Dreamfolks Services' IPO will open for subscription. 

Jewellery players like Titan and Kalyan Jewellers posted better-than-expected earnings performance in the June quarter.  While jewellery retailer Kalyan posted consolidated profit-after-tax of 108 crore rupees in Q1FY23, Titan saw 13-fold jump in net profit year-on-year to 763 crore rupees.  Going forward, Kalyan expects store expansion, increased studded sales, and higher share of non-South business to aid margin profile.  Titan, meanwhile, expects margin of jewellery business to grow 12 to 13% in FY23-24, on the back of better revenue mix and network expansion. And, with the usher-in of festive season and softened gold prices, analysts expect the demand momentum to gain steam. AK Prabhakar, Head of Research, IDBI Capital says, re-rating in jewellery players expected, correction in gold prices will support demand. Shift from unorganised to organised players a benefit. Valuations attractive for Kalyan, Titan That said, the World Gold Council has raised red flags against gold demand. According to its latest report, the demand for gold may drop in the second half of calendar year 2022 due to uncertain macros and higher import duty on gold. Analysts warn of painful quarters down the line once festive and wedding season peaks off. Deepak Jasani, Head of Retail Research, HDFC Securities says, won't be excited from Q1FY23 performance. Suggest to accumulate Titan, Kalyan stocks. Expect H2FY23 to be painful for the sector On the bourses, shares of Titan have shed over 1 per cent so far this year, whereas Kalyan added 3 per cent… …In comparison, the S&P BSE Sensex and Nifty50 gained 3 per cent each, during the same period. As regards today, rupee movement, FII flows, crude oil prices, will continue to steer market movements. Globally, investors will monitor UK's retail sales data for July.

A look at the June quarter earnings presents a mixed picture of India Inc. While commodity users bore the brunt of elevated raw material prices, commodity suppliers enjoyed abnormally high profits. Profit margins, however, squeezed across the board as corporates couldn't pass on the entire increase in costs to consumers.  Analysis of about 1,940 companies, excluding financials, shows that while aggregate net profit rose from 1.41 trillion rupees to 1.58 trillion rupees on a year-on-year basis in Q1FY23, the aggregate profit margin contracted from 7.9% to 6%. Sequentially, net profit fell from 2.03 trillion rupees, and margin shrank from 8.3%. Within the Nifty50 universe, profits of the 31 Nifty companies, that had released their results till the end of July, rose 12% YoY, single-handedly driven by BFSI. If one were to exclude banks and financials, the profits would have declined 1% YoY. Analysts say unusually high inflation was the biggest sore point for earnings. Jitendra Upadhyay, Senior Research Analyst, Bonanza Portfolio, says high inflation and consequent price hikes have hit demand. Managements cautioned against demand slowdown. Certain sectors saw reduced growth guidance, he says. On its part, the Reserve Bank of India has hiked repo rate by 140 basis points, and cash reserve ratio by 40 bps so far in FY23; yet it has kept FY23 inflation estimate unchanged at 6.7% YoY. Market mavens say the status quo on inflation above the upper tolerance level of 6% entails risk of destabilising demand expectations. Overall, FY23 earnings have been downgraded by over 4% driven by aviation, metals and energy. Going forward, earnings growth will hinge on commodity prices. Vetri Subramaniam, Chief Investment Officer of UTI AMC, for instance, believes, “With the retreat in commodity prices, the worst of the margin pressure is behind us. Earnings estimates in sectors where volumes and pricing are sensitive to global growth trends could see challenges as concerns about growth.” Motilal Oswal, too, says, “Earnings miss by heavyweights Reliance Industries and Tata Motors led to aggregate earnings miss in Q1FY23. However, as the benefit of the recent moderation in commodity costs start accruing in the second half of fiscal 2023, we expect laggards of Q1 to contribute in growth.” Stock markets will be guided by global cues and stock-specific action today.

Was this why Ajay Shah fled to London? SEBI has adjudicated that Ravi Narain, Chitra Ramkrishna, Ajay Shah, Sunita Thomas, Suprabhat Lala & Krishna Dagli violated several SEBI sections & were fined Rs. 1 cr and above individually. See Reference for the full order. #NSECoLocationScam #NSEScam #ChitraRamkrishna #RaviNarain #AjayShah #SEBI References: 1. https://www.sebi.gov.in/web/?file=https://www.sebi.gov.in/sebi_data/attachdocs/jun-2022/1656595204823_2.pdf#page=1&zoom=page-width,-15,842

This week on the #PaisaVaisa Podcast, Anupam Gupta is in conversation with Vijai Mantri, Co-Founder & Chief Investment Strategist - JRL Money where they debunk myths around the whole Active versus Passive debate and much more! Anupam and Vijai initiate the discussion on JRL Money and Jeevantika, How the mutual fund industry has changed in the last 2 decades, and their views on the fintech space as an investment. Further, they even get into the debate of index vs passive funds, active vs passive for equity and debt, and how an individual can choose a good mutual fund scheme. All this and much more on this episode of #PaisaVaisa Podcast with Anupam Gupta. Paisa Vaisa is India's leading podcast on personal finance with 1m+ downloads, 130+ hours of content and conversations, 150+ guests, and 300+ episodes. Since 2017, Paisa Vaisa has interviewed experts across the spectrum of personal finance covering diverse topics such as mutual funds, stocks, housing, loans, education, crypto, and much more. Listen in now to make smarter decisions with your money!You can know more about JRL Money: ( https://jrlmoney.com/ )Linkedin: ( https://www.linkedin.com/company/jrl-capital )Twitter: ( https://twitter.com/jrlmoney )Facebook: ( https://www.facebook.com/JRLMoney )You can know more about Jeevantika: ( https://jeevantika.com/ )Linkedin: ( https://www.linkedin.com/company/jeevantika-consultancy-services/ )Twitter: ( https://twitter.com/JeevantikaCS )Facebook: ( https://www.facebook.com/Jeevantika-Consultancy-Services-100339634821864/ )You can follow Vijai on social media:Linkedin: ( https://www.linkedin.com/in/vijai-mantri-1a59b3145 )Youtube: ( https://www.youtube.com/channel/UCV4D1xeSPGUF5htFbNNTwxQ )Twitter: ( https://twitter.com/vijaimantrimf )Get in touch with our host Anupam Gupta on social media:Twitter: ( https://twitter.com/b50 )Instagram: ( https://www.instagram.com/b_50/ )Linkedin: ( https://www.linkedin.com/in/anupam9gupta/ )You can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app.You can check out our website at https://www.ivmpodcasts.com/