Sensex and Nifty suffered losses on August 13 due to widespread sell-off in equities as government’s silence on tax surcharge and measures for economy weighed on investor sentiment.Major global markets remained under pressure due to worries over lingering US-China trade war, protracted fall of yuan, political uncertainty in Argentina and unrest in Hong Kong.Back home, investors remained anxious as to see when and if the government will announce its decision on tax surcharge on FPIs and measures to stem the weakening economy.Close “Yuan’s weakness is a serious concern for emerging market currencies, which has hit the equity market sentiment also. Besides, there is still an uncertainty what steps the government will take to check the outflow of foreign funds and boost the economy,” said Rusmik Oza, Head of Fundamental Research at Kotak Securities. related news D-St Buzz: Metals melt; sectoral index top loser on BSE Rupee crashes to over 2-mth low, … [Read more...] about Market highlights: Here are 10 key developments of the day
Market risk premium sp 500
HDFC Mutual Fund believes geopolitical tensions, particularly emanating from the Far East and elsewhere in the world, continue to remain key risks to this market rally.In an interview with Himadri Buch of Moneycontrol, Vinay R. Kulkarni - Senior Fund Manager - Equities at HDFC Asset Management Co Ltd talked about their strategy in scheme and sectors they are bullish on. Edited excerpts:The rally on D-Street is powered by liquidity and this time it is from domestic investors and stable global markets. But, fundamentals tell a different story. Macro data remain mixed while earnings have not picked up. Is that a concern for markets going forward?Close GDP growth has indeed slowed down in last few quarters. However, this is, in all probability driven by demonetisation and GST, two very significant reforms that have caused temporary disruption in the normal functioning of the economy. However, as things normalise, growth rates are likely to recover over the next … [Read more...] about HDFC MF’s Kulkarni says geopolitical tensions key risk to market rally
Looking at some of the Bollywood movies released this year, one can't help but wonder that given the number of films that struggled to break even, how is it that the industry remains lucrative for those invested in it.Well, a look at some statistics from the last 12 months revealed that Indian films have a fall-back option in the form of overseas markets. These markets have become important contributors to a film's overall revenue.According to a FICCI-KPMG report, contribution from international markets in 2016 was 8 percent of the overall industry’s revenue. The segment had grown by 14 percent, from Rs 9.5 billion in 2015 to Rs 10.9 billion in 2016. And by the looks of it, this success of Hindi films outside India continued in this year as well.Close As of today, a director of a Bollywood movie has that extra bit of assurance while venturing into the project that even if his or her film doesn't do well in India, it will find takers abroad and mitigate his losses or even make a … [Read more...] about Going global: A look at the highest earning Bollywood films in overseas market in 2017
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
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?