PSUs can get re-rated by 50-60% if government embarks on a privatisation initiative, said Rahul Chadha, chief investment officer at Mirae Asset Global Investments. Hong Kong-based Chadha is also positive on the insurance sector despite the announcement of a new tax regime in the Union Budget and the government’s plan to do away with exemptions going forward. Edited excerpts:
ET takes a look at 5 stocks which are gaining momentum in the February derivatives series.
India’s benchmark indices posted their worst budget-day decline in 10 years.
Ramiz Chelat, portfolio manager at Vontobel Asset Management, believes a large stimulus in the budget is unlikely as the government is facing weak tax receipts and higher oil prices are putting additional pressure on the fiscal deficit. Hong Kong-based Chelat said he expects further disappointment on the macro situation in India in the next 12 months.
The Nifty CPSE index revision will be effective from January 23. IOC and PFC are likely to exit the index while Power Grid, NHPC, NMDC and Cochin Shipyard will be included.
ET takes a look at what ace investors have bought and sold in the quarter ended December.
The US-Iran tensions are coming at a time when the Indian economy is facing growth challenges.
Oil marketing companies are seeing traders trimming their bullish bets.
India's benchmark stock indices fell 0.4%, logging their worst weekly performance in a month.
Here’s a look at eight trading bets by technical analysts for the first quarter of 2020.
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