The equity benchmark Sensex scaled a new all-time high of 40,816.38 in the morning trade on November 20. Not just the Sensex, even the Nifty has been rallying at a time when concerns over the Indian economy are growing, with macroeconomic data pointing to a slowdown.Why is the market behaving differently from the economy?"Markets usually run ahead of macros and price future growth. There are three positive indicators for growth – reduction in the corporate tax rate, proposed divestment of large public sector units and a possible resolution of the US-China trade impasse. Therefore, we see growth coming back in 2020. Now, we expect broader markets to outperform," said Sanjiv Bhasin, Director, IIFL Securities.Close Experts and brokerages are of the view that the market is factoring in a recovery in the economy. related news The role of P/E multiple in deciding investment returns Sensex hits a new high, 4 factors that could be fuelling optimism Hot Stocks: Short-term trend … [Read more...] about Economy in stress and markets on a high; time to be careful?
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NBCC (India) share price gained 2 percent intraday on November 20 after the government’s construction arm got a Rs 500-crore order to build a museum in New Delhi."The company has been entrusted by the ministry of environment, forest and climate, government of India to provide principle project consultancy and executing agency for the development of the National Museum of Natural History at Bhairon Marg, New Delhi," the company said in a BSE release.The project is expected to cost around Rs 500 crore.Close Also read - Jaypee Infratech case: Lenders to meet on November 28 related news ICICI Bank share price gains 1% as Macquarie raises target to Rs 615 IRCTC share price rises 2% after concession agreement with Karnataka tourism At 1042 hours, NBCC (India) was quoting at Rs 37.45, up Rs 0.55, or 1.49 percent, on the BSE.The share touched its 52-week high of Rs 68.95 and 52-week low of Rs 28.55 on November 12, 2018 and August 23, 2019, respectively.The stock is … [Read more...] about NBCC share price gains 2% on order win
What would be of real significance is that both the Dollar and the Rupee and Gold would also post new highs by a significant margin from the current levels over the next year, Rajat Bose of rajatkbose.com tells Moneycontrol's Sandip Das in an interview. Q. Benchmark indices gained more than 9 percent since last Diwali, do you think markets can scale new highs by next Diwali?A. While the possibility of a new high for the benchmark indices is always there, keeping in mind their composition and how they are managed, you can count on the Nifty and the Sensex posting new highs over the next year.Close Consider this fact: Nestle India at end of Q2FY19 has promoters holding 62.8 percent, foreign portfolio investors (FPI) holding 12.6 percent, and institutions holding 21.2 percent. Altogether the tally is 96.6 percent, thus the quantity available for the trading and/or public holding is minuscule.Rajat BoseExpert|rajatkbose.com Low effective corporate tax rate … [Read more...] about Looking for ideas with strong fundamentals; these top 5 stocks can return 40-50% by Diwali 2020
Telecom stocks came under pressure on November 14 after the Department of Telecom (DoT) had issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, according to an industry source.The DoT has given option to telecom operators to clear all the dues on self-assessment basis.Bharti Airtel share prices were down over 3 percent intraday on November 14 and was the top Sensex loser while Bharti Infratel tanked close to 8 percent following the notice.Close Vodafone Idea share prices plunged over 16 percent following the news while the company had been in news around the buzz that the company might exit India operations. related news Yes Bank share price reverses early losses on NPA divergence, up 3% Kalpataru Power sells subsidiary, share price rises 6% Shree Cements share price rises 4% after fixing floor price for QIP The apex court upheld the definition of Adjusted Gross Revenue (AGR) calculation as … [Read more...] about Bharti Airtel, Vodafone Idea share prices fall 3-15%; telecom stocks tumble after DoT asks telcos to clear AGR dues