There is a big divergence between how the stock market is and the economy is faring. One seems to be hitting all-time highs while the other is hitting lower levels with each passing month.In this ease, growth slowdown has deepened as IIP performance for the second consecutive month points to a deep slump in economic activity. Industrial production data contracted for the second month in a row to 4.3 percent in September, its lowest level in almost 8 years.In terms of markets – the S&P BSE Sensex, which has risen over 11 percent so far in the year 2019, hit a fresh record high of 40,749 on November 8, while the Nifty50 also reclaimed 12,000 levels in the week gone by.Close Equity markets are inching towards record high, but the economy seems to be struggling, which puts investors’ in doubt about investing at record highs. We spoke to experts to help us understand the dichotomy and if investors did the right thing investing in markets at record highs. related … [Read more...] about Economic data disappoints: Did you make a mistake in investing when Nifty50 hit 12K?
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The industrial production contracted for the second consecutive month, shrinking by 4.3 percent in September with weakness across sectors. In fact, it hit the lowest level of almost eight years.It was much weaker than a poll of analysts conducted by CNBC-TV18 which was pegged at negative 1.9 percent and contraction of 1.4 percent in August.The growth in the mining segment fell to a multi-year low of (-8.5 percent against 0.1 percent MoM). In sync with the slowdown in the economy, manufacturing IIP also contracted by (-3.9 percent against -1.2 percent MoM) led by large sectors.Close From the use-based classification side, capital goods, consumer durables, infrastructure and construction goods, and primary goods led the slowdown, contracting by -20.7 percent (against -21 percent MoM), -9.9 percent (against -9.1 percent MoM), -6.4 percent, and -5.1 percent (against 1.1 percent MoM), respectively. related news With infra in focus, this smallcap stock could double your investment … [Read more...] about Another 50bps repo rate cut likely by March 2020
The Indian stock market is currently in a consolidation phase after hitting record highs on the Sensex. Some correction was seen after Moody's India outlook downgrade, but buying at lower levels on the hopes of recovery provided support.The 12 percent rally since September 20 after the corporate tax rate cut was largely broadbased as nearly 70 percent on the Nifty50 stocks rallied 6-38 percent. The broader market also followed suit, with the BSE Midcap index adding over 11 percent in the same period.As a result, many of these aforementioned stocks are now trading at premium valuations.Close Hence, experts expect some correction in the near to short-term, adding that sharp correction is unlikely unless global headwinds spoil the party. They further added that the long-term perspective of the market still remains positive. related news Brokerages bullish on Hindalco, expect 22-30% return after Q2 Chart of the Day | Survey shows global fund managers are … [Read more...] about Time to buy mid & smallcaps? Brokerages initiate buy calls on 10 stocks in November
Zomato's biggest shareholder, Info Edge, has said that the food delivery platform cut its monthly expenditures to Rs 143 crore ($20 million), The Times of India reported.This is a significant reduction of around 44 percent from the company's Rs 322 crore ($32 million) March spend. The cut was managed despite the start-up expanding operations across 500 more Indian cities, it noted.After announcing its September quarter earnings, Sanjeev Bikhchandani, the co-founder of Info Edge. told analysts that cutting down on discounts and instances of people abusing discounts, and reducing marketing spend brought down the monthly expenditure.Close He added that Zomato would continue to reduce monthly spend and increase volumes. It will be a tough fight as Bengaluru-based rival Swiggy is going all-out at $40-50 million per month to gobble market share. related news Supreme Court to deliver its verdict on pleas seeking Sabarimala judgment review tomorrow 'Vodafone India to head for … [Read more...] about Zomato slashes monthly spends by 44% to Rs 143 crore; company to focus on volume increase: Report
Who says films cannot score over politics and cricket! The South Indian film industry has proved this by dominating Twitter’s most influential moments in 2019.Topping the list of Twitter’s most influential moments this year is Ajith-starrer Viswasam which was ahead of the Lok Sabha elections and also the ICC World Cup 2019.But, another interesting point to note is that Viswasam is not the only south film in the list. Mahesh Babu-starrer Maharshi stands at rank four thanks to its huge success in India and abroad.Close So, what has made these two films so big to feature in Twitter’s most influential moments' list? related news Most watched series on Netflix: Binge worthy shows people are viewing across the world Bala joins content-rich super hits from Dinesh Vijan’s Maddock Films, all eyes now on #AajKal, Angrezi Medium and Roohi Afza Viacom18 launches multi-format kids app VOOT Kids Ask this question to Ajith fans who already have flooded the … [Read more...] about Ajith-starrer Viswasam dominates Twitter’s most influential moments, great year for South cinema