Market analysts are wont to get hyperactive twice a year. They get into a compulsive habit of reviewing the performance of various assets classes at the end or start of a calendar year. The second review, which perhaps happens only in India, is at the start of a new financial year.
Jinesh Gopani, head of equities at Axis Asset Management Company, has more than a decade’s experience in the capital market. In his prior role, Jinesh was fund manager at Birla Sun Life Asset management Company.
It’s not the government, but the global macro environment that matters. The government is just a facilitator.
After aluminum, last week it was nickel’s turn to react to the US sanctions on Russian entities. Last week, nickel rose to four-year high during couple of sessions, but lost part of the gains in the subsequent sessions.
If there are few things India appears to be gaining out of the ongoing trade war between the US and China – at least in the short term. The cotton trade is certainly one of them. Ever since the trade war between the two countries broke out, India has exported 150,000 bales of cotton to China.
We expect Indian formulators to continue to make investments to grow their domestic non-prescription business through organic and inorganic routes. It would be driven by the need to further diversify the domestic prescription business and strong fundamentals.
You would think in 2018 that with our booming global economy, your credit score would be as mobile as we are, transferable from one country to another, moving with you wherever you go. Unfortunately, that’s not the case.
Last week was largely an extension of the previous week’s trend. The only difference was that the market breadth got volatile on some days, with slightly negative bias. The market moved within narrow margins to the positive or negative sides.
This week is an interesting one for the derivatives segment. For, this week will have the last derivative contracts expiry in the futures and options market before the Karnataka poll results are announced. The Karnataka results is being seen as a prelude to the General elections outcome in 2019.
A near-10 per cent correction in the market has made many stocks attractive for a dividend play. When markets fall and no one knows where the bottom rests, investors characteristically look for safer bets in which the returns could be at least fair, if not stupendous as in a bull phase.
Vetri Subramaniam, group president and head of equity at UTI Asset Management Company, is in charge of research and fund management of equity schemes at UTI Mutual Fund.
The current US-China trade war will have a positive impact on India in the short term. But in the long-term it is likely to have some adverse impact like higher inflation and low growth scenario. That’s not all.
Aluminum prices skyrocketed last week after the US imposed sanctions on some of the wealthy Russians and their businesses. While aluminum prices at the London Metal Exchange (LME) were at the six-year high, prices at the Multi-Commodity Exchange (MCX) touched record high levels.
After hitting a six-year-low exports of guar gum in the rupee value terms rebounded in FY18 on renewed demand, especially from the US and Norway.
A taxpayer always strives to make sure that tax-deductible investment avenues have been utilised and tax efficiency is achieved.