The equity participation of insurance companies surpassed investment by domestic mutual funds in January, for the third time in two years.
India’s automobile industry is set to follow the nation’s economy this year, in outpacing the entire world in growth.
On Monday, L&T’s stock gained over 4% in the morning session and ended the day 1.8% higher amid a weaker trend in the broader market.
The pre-earnings rally in RIL’s stock demonstrates that increasing contribution from refining division to growth is largely factored in the stock’s price.
The stock’s 50 daily moving average (DMA) cross above the 200 DMA. Besides this, RIL’s stock broke out of the eight year declining trend line.
For Sagar Cements, the deal presents a few long-term synergies. One, the acquisition will enhance its current capacity of 3.8 MT by 2.6 MT.
Indian benchmark Nifty is just 1% away from entering the bear grip, considering its 52-week high of 9,119 it touched in March 2015.
The commodity price boom of 2003-08 coincided with the biggest bull mkt in Indian history; the reversal of that trend now is spooking investors.
It is an encore! And a dreadful one. Trading in the Chinese markets again was halt for the second time in a span of a few days.
What should comfort investors is that India has one of the lowest price-earnings to growth ratios in emerging markets.
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