The Sensex has ascended a new high last week. And its peer Nifty is close to accomplishing a similar feat. Still, an investor would find that his portfolio has shrunk by at least 10 per cent in the last five months. This is the best case scenario and for professional investors.
Pankaj Murarka, a fund veteran, founded Renaissance Investment Managers in 2016. Renaissance, which provides portfolio management services, manages a mid-cap fund and a multi-cap fund. It has also launched a category 3 Alternative Investment Fund.
There are three things that matter in property: location, location, location,” said Harold Samuel, a real estate tycoon in Britain. The phrase is equally applicable to your retirement decision.
New business annual premium equivalent (APE) growth for the industry was decent despite the first quarter being seasonal at 6.4 per cent YoY for Q1FY19, against 22 per cent YoY Q1FY18, on high base.
Hedge fund strategies are designed to exploit what economists refer to as market inefficiencies. This means the goal is to earn a return higher than what theory would suggest given the amount of risk taken.
Though cottonseed oil cake usually follows the price trend in cotton, rates of the byproduct have witnessed high volatility in the recent times. Cottonseed oil cake prices were 35 per cent up in the last one month while cotton has moved up only by around 6 per cent.
The Indian tea industry is going through a rough patch due to abundance of production, escalating costs but flat returns, and stagnant domestic consumption. Though exports has risen, but not enough to help the industry book a decent profit and reduce stocks.
Friday morning presented an interesting contrast. Most business dailies had two prominent news stories on the front page. The first was Sensex touching a new high, with the Nifty almost there. The second was inflation inching up and industrial production (IIP) coming down.
While the Sensex has formed a new high and entered into uncharted territory, the Nifty is closely behind. Some degree of caution is visible in the market as mid- and small-cap stocks are not moving up, rather they are still in the corrective mode.
The earnings season will kick off this week with IT blue-chip Infosys Technologies releasing its first quarter (Q1) numbers on July 13. The market will take cues from the results to figure out the future direction of corporate earnings, though the expectations are modest this time.
The recent increase in the minimum support price (MSP) for cotton, ahead of the start of kharif harvesting season from October, is expected to benefit farmers. Higher prices may incentivise farmers to increase cotton sowing.
Coffee prices have been on a slide since the beginning of the year. The “distress sale” in the export market is continuing with no recovery in sight on the price front in the coming months.
If we look at the long-term trend, the rupee has always depreciated by 3 per cent per annum on an average.
Millennials, unlike their preceding generations, is no longer interested to simply save enough for retirement. They not only strive for regular comforts like owning a home, but also are also unwilling to compromise on luxuries of life such as travel to exotic locations.
In May, scheduled commercial banks posted non-food credit growth of 11.1 per cent; industrial, services, retail and agri credits grew by 1.4 per cent, 21.9 per cent, 18.6 per cent and 6.4 per cent year-on-year, respectively.