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?
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
India's financial sector continued to be troubled in the second quarter that saw loan growth drop to demonetisation lows of 6 percent, global brokerage firm Credit Suisse has said in a report.Non-banking financial companies (NBFCs) saw a 36 percent year-on-year (YoY) fall in disbursements in the September quarter of the financial year 2020, while the bank lending fell to 8 percent, Credit Suisse said.The report shows that the fall in bank credit was driven by both public and private sector banks.Close "Even private banks’ loan growth has dropped to 14 percent from 22 percent a year ago. PSU loan growth is down to 5 percent YoY from 8 percent in Q1 despite the large recapitalisation," said Credit Suisse. related news Another 50bps repo rate cut likely by March 2020 With infra in focus, this smallcap stock could double your investment in just 1 year Economic data disappoints: Did you make a mistake in investing when Nifty50 hit 12K? Growth for NBFCs and housing finance … [Read more...] about Loan growth drops to demonetisation lows; India’s financial sector battles pressure
Abraham C MathewsEvery now and then, the devout are witness to a contest where stakes are so much higher than mere bragging rights; where both sides in the contest have laid equally strong claims to the title, and revealed their opponents’ weaknesses to an equal extent, leaving the final outcome to be decided by some arbitrary factor that just doesn’t feel representative of the contest.Such as the number of boundaries scored during the match!Close If you thought the cricket world cup final earlier this year -- so closely contested that scores were tied at the end of 50 overs, as well as a super over -- should have been jointly awarded to England and New Zealand, wait till you read the judgment of the Supreme Court in the Babri-Masjid Ram-Janmabhoomi (“Ayodhya”) case. related news VHP suggests Amit Shah, Yogi Adityanath be included in proposed Ram temple trust Supreme Court upholds disqualification of Karnataka MLAs, but allows them to recontest The … [Read more...] about Ayodhya verdict: It was the assertion of beliefs that clinched the title
Shares of Tata Consultancy Services (TCS) jumped almost 4 percent intraday on November 13, a day after the company announced an expansion of its long-term partnership with Phoenix Group.".....expansion of long-term partnership with Phoenix Group, Europe's largest life and pensions consolidator, will drive the growth and transformation of the Standard Life business and meet the future needs of its customers, workplace clients and their advisers," TCS said in a BSE filing.The company said the expanded partnership will result in the digital transformation of Standard Life's pensions and savings operations onto the TCS BFSI Digital Platform, powered by TCS BaNCS.Close Moreover, this will expand the overall scope by a further 4.2 million policies, taking the total number of policies managed by Diligenta, TCS' regulated subsidiary in the UK, on behalf of Phoenix Group, to nearly L0 million, said TCS. related news Edelweiss Financial share price locked at upper circuit on … [Read more...] about TCS expands partnership with Phoenix Group; share price up 4%