Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Budget 2020: Government unlikely to meet fiscal deficit target; 50-75 bps slippage possible
"The short term trend of Nifty continues to be positive. There is a possibility of an upside breakout attempt of 12,400 levels in the next week. A decisive/sustainable up move above 12,400-450 levels could lead towards the next upside levels of 12,650-700 levels in the next few weeks. A confirmation of reversal could open up a downward correction in the market," said Nagaraj Shetti – Technical & Derivative Analyst, HDFC Securities. … [Read more...] about Week in 5 charts: Sensex, Nifty hit record highs amid US-China deal, rising inflation
The results season is now on in full swing. We considered the main expectations of the December quarter corporate results. Our analysts looked at the performance of IT companies, from the possibility of a re-rating in Infosys to L&T Infotech firing on all cylinders. We checked out what D-Mart’s results say about its business model. And in our quest for value, we took a close look at the pharma sector. … [Read more...] about Moneycontrol Pro Weekender: Buy the rumour, buy the news?
The deal's details have been mostly finalized and the two firms are waiting for new Chinese regulatory rules on private share placements that will provide a more flexible pricing mechanism and shorter lock-up periods for majority shareholders, said one of the people, speaking on condition of anonymity. … [Read more...] about Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push: Sources
What one can say for sure is that if it comes to the crunch, the US and European central banks will once again pull out all the stops to support their economies, as will the Chinese authorities. But here too, everything depends on whether there is an escalation of the trade wars, which could put a lid on Chinese as well as global growth. And of course there’s the political economy of oil, which will depend on how the rivalry between Saudi Arabia and Iran plays out. Needless to add, President Trump is not merely another ordinary elephant in the room, he’s more of a woolly mammoth really. … [Read more...] about Opinion | Economic outlook for 2019: Will the elephants in the room turn out to be mice?