Posted at 12:52 PM , on November 5, 2018
Samvat 2074 has surely been a challenging period for investors. Global cues like the trade war, the China slow-down and oil prices spooked prices. FIIs were selling aggressively in India and rising oil prices hardly helped the cause. It is in this scenario that Nifty has given negative returns during the year. The big question will be what the coming Samvat year is like? It will be stock specific year. Here are four themes to work on this Samvat 2075.
Posted at 1:18 PM , on October 29, 2018
If you look at the price charts of two recent MFI listings (Ujjivan and Equitas), both stocks are quoting below their issue price. But the real price damage has happened after the recent RBI ruling. So what exactly was that?
Posted at 1:14 PM , on October 29, 2018
At a time when the biggest risk in the market is the ability of NBFC’s to access funds, there is a different kind of story that is playing out in the market. In the last one week, three very reputed NBFCs have bought back their commercial papers in the market. The numbers are huge. IIFL bought back CPs worth Rs.1700 crore, JM worth Rs.900 crore and Edelweiss worth Rs.1000 crore. Together nearly Rs.3,600 crore worth of CPs have been bought back by the companies from the market. What is this hinting at? First a brief background to the issue.
Posted at 1:12 PM , on October 29, 2018
When Fed hiked its rates in December 2015, it led to a massive sell-off in equities. From the lows of Feb 2016, the global market capitalization had grown from $60 trillion to nearly $100 trillion and the movement has been literally linear in the last 30 months. It is in this context that the recent correction in global stocks must be seen. The Dow and NASDAQ alone lost over $2 trillion during the week and this could just be the turning of the sentiments globally. What is the problem with global markets and what exactly has changed?
Posted at 12:14 PM , on October 22, 2018
One of the points of celebrations in India in the last couple of years has been that India is growing faster than China. With China just growing at 6.5% in Q3, India’s GDP growth is likely to beat that by a comfortable margin. Is that reason to celebrate? Not exactly!