The RBI rate cut event is over. Now it’s over to the ‘always imminent’ Fed rate hike. With foreign portfolio investors pulling out over Rs 5,500 crore in September on top of nearly Rs 17,000 crore in August, markets have headed for levels lower than seen in last two months.
By Dhanraj Bhagat, Partner, Grant Thornton India
The state of the economy has a strong bearing on the FMCG sector, which is dominated by food and beverage, and grocery and personal care.
Indian markets reeling un-der the burden of international developments have got a pleasant surprise from the Reserve Bank.
The US Federal Reserve’s decision not to hike rates immediately is expected to give a boost to the Indian equity market. In a way, the Fed has opened up
By Prashant Kanuru, Research analyst, Karvy Stock Broking
Erratic monsoon in current year raises near term risks and poses risk on revenues and profitability in the fertiliser sector. The sector is dependent on subsidy from the government
Uncertainty and volatility remain the predominant themes of the global and Indian equity markets. It was once again the turn of the dragon to haunt the global market
- Sep20By Suruchi Jain, Equity Research Analyst, Morningstar Investment Adviser (I)
Where do we stand? India has 120,000 bank branches as of June 2015 to service a population 1.2 billion, which means 10 branches per 100,000 people.
For all the volatility and nervousness, Nifty ended last week with gains, as one big uncertainty that all emerging markets were facing regarding whether the US Fed will increase its policy rates got postponed by at least one quarter.
- Sep13By Sarabjit Kour Nangra, vice president – research, pharma & IT, Angel Broking
The rupee has constantly been depreciating vis-a-vis the dollar and the euro. The rupee in FY16, so far has depreciated by at least 5.7 per cent and at least 3.3 per cent vis-a-vis euro and dollar, respectively.
As the Nifty ended the week with gains of 134 points, one would be tempted to think that everything is normal now. But a look at daily charts clearly