Stock Analysis, IPO, Mutual Funds, Bonds & More

Brokerages trim GDP target to 7.3% on faltering Q1 growth

A day after the government reported slower-than-expected GDP growth for Jan quarter, foreign brokerages have cut their forecasts by up to 0.3 percentage points.

Key market triggers to watch out before Opening Bell

Nifty50 futures on the Singapore Stock Exchange were trading 50.50 points higher at 8,025.50, indicating a positive opening for the domestic market.

RBI advises government to buy back WPI-linked inflation indexed bonds

The Reserve Bank of India (RBI) has suggested to the finance ministry that the government buy back Inflation Indexed Bonds (IIBs) linked to the wholesale price index (WPI).

Run up for the budget has started: Avinnash Gorakssakar

The activity we are seeing in most of the smaller cap companies and larger names from the oil marketing space suggest that this budget will be a very good budget in terms of improving the macros.

Rate hikes not only solution to tackle food inflation: Nipun Mehta

"There is not too much expectation of 50 bps rate hike, but if that happens, it would be negative for sectors which are capital-intensive."

We are in the middle of a bear market, book your losses and move on: Dipan Mehta

“If consumer spending gets hit and then it is very difficult to revive, the momentum is lost it becomes very difficult to revive and no amount of interest rate cuts or tax cuts start working”

Payments banks to strengthen financial ecosystem: Chanda Kochhar

ICICI Bank today said the entry of these new entities would strengthen the overall financial ecosystem and also benefit existing banks.

Market builds in 25 bps RBI rate cut, India Inc says yeh dil maange more

Analysts on Dalal Street say a rate cut by the Reserve Bank of India (RBI) is expected to be the next big trigger for the Indian market.

Markets won't find it easy to climb over 8,600-8,650 levels in a hurry: Yogesh Mehta, Motilal Oswal

"I see a consolidation at these levels. Midcap companies are in action since the last three days. So, we think 8,600-8,650 should be a consolidation zone."

Reliance Capital deal: CCI lets off Sumitomo Mitsui without fine

According to CCI, Sumitomo Mitsui did not provide details regarding its stake in Ambit Investment Advisors Pvt Ltd (AIAPL).

The Governor Rajan's postponement of rate cut is justified: C Rangarajan

The governor has taken the cautious view but his decision not to lower the policy rate this time is unjustified. We need to watch what he will do six weeks from now.

The RBI is hesitating too often: Mythili Bhusnurmath

Central banks sometimes do have to be courageous and take matters in their hands. You can never be 100 per cent right but you need to take that call.

Rupee appreciates against US dollar

The domestic currency had fallen 9 paise to settle at 64.13 against the greenback on Friday amid sustained demand for the US currency.

Nifty likely to rally up to 6350-6400 led by banks: Mitesh Thacker

"Given that this time banks have come stronger and the hangover of the RBI policy being there in future, this should clearly signal that the up move today should extend."

Rupee down 16 paise against dollar in early trade

The rupee had lost six paise to close at 61.52 against the dollar in yesterday's range-bound session in line with a fall in local equities.

F&O Tracker: Nifty surge may not have priced in upcoming event risks

FIIs have been net buyers of Rs 13,243 crore in derivatives this month compared with just Rs 1,102.13 crore last month.

A look at the factors behind banks not passing benefits of RBI's rate cut to customers

Banks and RBI have been at loggerheads for years on either passing on benefits of lower interest rates or raising rates to reflect RBI's tightening monetary stance.

Five reasons why India should not fret much about a US Fed hike

The tension of Fed hike is making its presence felt on the bourses, with the Sensex slipping by nearly 1,000 points so far in March.

Devendra Fadnavis wants banks to expand in Konkan, Vidarbha, Marathwada

Chairing a special meeting of the State Level Banking Committee, Fadnavis asked the banks to study the pockets which do not have any branches.

ETMarkets Morning Podcast: What's buzzing on D-Street this morning

Tune in now! The morning briefing of news, views and cues before you start your day on Dalal Street.

Buy bank stocks at lower levels & hold for 6-9 months: Jyotivardhan Jaipuria, BofA-ML

We will see these stocks being very volatile, but you have to buy these stocks at lower levels and then hold them for the next six-nine months, says Jaipuria.

3 key stocks to be in focus today: Yogesh Mehta, Motilal Oswal Securities

Continue to be selectively bullish on metal and Hindalco is a favourite stock

Nifty trades in green; Auto index extend gains to the third session

Investors are keenly awaiting domestic auto sales numbers, PMI readings, big Q1 results.

India has already become a 4% inflation economy: Pranjul Bhandari, HSBC

Inflation is comfortably at the 4% range and there is case for 25 bps rate cut.

Indian economy likely to grow at 7.9% in FY17: Crisil

"So far, the economy's modest recovery has been shaped by good luck on crude oil and commodities, and a supportive policy environment.

Unlike 2007, earnings have not kept pace in 2017: Mahesh Patil, Birla Sun Life MF

Nifty PE multiple at about 24 times on a trailing basis, is at the 2007 peak level after which markets crashed

Nifty to be in the 6600-6800 range over next couple of sessions: Sandeep Wagle

Broadly, Nifty shouldn't break the 6600 levels and would hit 6800 levels on the upside. So, Nifty will moving in the 6600 to 6800 broad range, he said.

Don’t see rupee moving significantly in either direction till polls are over: Killol Pandya

That is quite heartening to the debt markets, which had faced quite a bit of the brunt at the time when the currency had depreciated significantly.

Rajan leaves policy rates unchanged: Five key takeaways for stock market

RBI, on expected lines, decided to keep policy rates on hold at 6.75%. It also kept the CRR of scheduled banks unchanged at 4% of net demand and time liability.

Pre-market: Nifty50 likely to open on cautious note ahead of RBI meet

At 07:45 am, Nifty50 futures on the Singapore Stock Exchange were trading 10 points higher at 7,569.50, indicating a gap-up opening for the domestic market.

SBI, Union Bank not planning rate cuts

SBI as well as top private-sector rivals ICICI Bank and HDFC Bank have recently cut the rates they offer on term deposits following an improvement in liquidity.

Nifty may trade in 5500-6200 range in near term: Manish Sonthalia, Motilal Oswal AMC

'With all the other sectors doing fairly well, the markets may trade in a range 5500 to 6200 for the near term, but if I had cash, it is a good time to buy'

RBI has delivered on rate cut: How you can make money in stocks now

The important takeaway from the Governor’s speech is his dovish stance on future rate cuts as he expects inflation to fall and come below RBI’s comfort level.

Seven important triggers that changed your market while you were sleeping

D-Street might just manage to shrug off it all as domestic lenders on Tuesday promised to quickly pass on latest rate cut by the RBI and IMF said the Indian economy is recovering strongly.

RBI slashes repo rate by 25 bps: Top six takeaways from monetary policy

The reverse repo rate under the LAF stands adjusted to 5.75% and the marginal standing facility (MSF) rate and the bank rate comes down to 6.75 per cent.

Sensex surges over 100 points; Nifty50 tops 8,750; Amtek Auto rallies 9%

Nifty50 futures on the Singapore Stock Exchange were trading 4.50 points lower at 8,783.50, indicating a flat opening for the domestic market.

Retail inflation up at 5.01% in May

Retail inflation edged up to 5.01 per cent in May on costlier pulses even as prices of fruits and vegetables eased during the month.

Why RBI went against consensus and kept repo rate unchanged

The policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent.

Top five factors that will chart market direction in coming week

Even though a correction was on the cards in the domestic market, experts still advise investors to remain cautious and tread carefully over the next few weeks.

Trading in IRF jump over 50% to Rs 39,817 crore in November

Total turnover of Interest Rate Futures on three major stock exchanges surged by 54.4 per cent to Rs 39,817 crore in November compared to the previous month.

Banks should desist from evergreening of loans: Yashwant Sinha

Sinha cautioned banks to desist from blatant evergreening of loans or restructuring of debts as it was not good for the health of financial sector.

New RBI bank norms a positive: KV Kamath, ICICI Bank

'Going back to 2007-2008, these norms were part of the Raghuram Rajan Committee on financial sector reforms,' says Kamath.

RBI cuts key rate by 0.25%; home, auto loans to become cheaper

Reserve Bank Governor Raghuram Rajan, however, cautioned that uncertain monsoon may prevent future rate cuts, an outlook that disappointed markets.

We are not here to kill the economy, says RBI Governor Raghuram Rajan

Rajan, was quick to add that the move to cut rates is not conservative and that the RBI has chosen to "err" to give a boost to investment.

Best to avoid banking space altogether for next 6-8 months: Dipan Mehta

"It is best to avoid the banks all of them together especially public sector banks," Mehta said.

Rupee recovers 8 paise, trades at 63.02 vs dollar

The rupee recovered by eight paise to 63.02 against the American currency in late morning trade today on fresh selling of dollars by banks.

CREDAI pitches for 50-bps interest rate cut to boost growth

Realtors' body CREDAI said RBI should cut key interest rate by 50 basis points to boost housing demand as well as growth of the realty sector.

GDP unlikely to climb considerably over 8% before end-2017 or mid-2018: Abheek Barua, HDFC Bank

"I do not see RBI as a regressive command-and-control thing as you seem to think it is. There are issues, but that does not necessarily mean the RBI is going the wrong way."

Pre-market: Nifty50 likely to open positive on GDP data; RBI review eyed

Nifty50 futures on the Singapore Stock Exchange were trading 8.50 points lower at 0.11, indicating a flat opening in the domestic market.

Like Dhoni and Kohli, Rajan and Patel taking India forward: Nilesh Shah, Kotak AMC

While our NIMs looks very high vis-à-vis global averages, our return on equity adjusted for the actual NPAs does not look that great vis-à-vis other entities.

Experts bet on RBI to hold rates steady at Tuesday's policy meet

Reserve Bank Governor Raghuram Rajan will announce the fifth bi-monthly monetary policy review on December 1.

Enforcement Directorate begins probe against Naveen Jindal and his family

ED has begun probe against industrialist and Congress leader Naveen Jindal and his family for alleged contravention of forex laws.

Monetary policy review: RBI governor Raghuram Rajan likely to keep rates unchanged

While the governor may not cut rates further, the policy is expected to be accommodative with the RBI providing enough liquidity .

RBI credit policy on expected lines: Pradeep Kumar, SBI

"Ideally RBI will be pushing for SLR and HTM at the same level. As a bank we were expecting this to be so; there is nothing surprising."

Expect Nifty to touch 6400 levels: Gaurang Shah

In a chat with ET Now, Gaurang Shah, VP, Geojit BNP Paribas Financial Services shares his market outlook.

Rupee best performer among emerging markets on currency stability hopes

Rupee could be an out performer among EMs as global investors’ carry trade could get a boost amid expectations of a stable currency.

Banks will cut base rates if deposit cost goes down: Aditya Puri, HDFC Bank

"Even at this rate banks are not getting deposits. However, the trajectory is down and so, a rate cut is coming. But it's tough to predict the time."

There’s scope for significant rate reduction; time ripe for cuts now: Sanjeev Sanyal, Deutsche Bank

"However, I did not expect a cut today, because Governor Rajan tends to make his announcements between meetings, and not necessarily at meetings."

How to trade banking stocks post repo rate hike

The impact of the RBI's move to hike repo rate by 25 bps to 8% was seen on banking stocks. The Bank Nifty corrected 206 points intraday

Rupee rises by another 30 paise against dollar

The domestic unit moved in a range of 62.10-62.24 during the day before concluding at 62.19, showing a gain of 30 paise or 0.48% against the dollar.

Expect a 25 bps rate cut from RBI's June 19 policy: NS Venkatesh, IDBI Bank

A 25 bps cut can be expected from the June 19th policy because GDP growth has come down to around 4.8% and inflation has started showing signs of lower trajectory.

Election won't change course of the market in medium to long term: Dipan Mehta

it is an important event and it will have an impact maybe 2-3% either side on the indices but it is not going to change the course of the market in the medium to long term.

Mapping the market: NPAs haunted bank stocks; smallcaps led broadbased selling

Rate-sensitive stocks were partly to blame, so was a COAI report suggesting that Reliance's telecom arm was offering full-fledged services to its users in name of 'tests'.

Sensex slips from Mount 28,000; four factors weighing on markets

Nifty rose in a vertical line in the past five months. In percentage terms, it rose by 27 per cent from its 52-week low of 6,825 recorded back in February.

State finances seen improving with falling borrowing cost: CARE

Finances of states are likely to improve going forward due to falling borrowing costs, which have come down by upto 28 bps since the beginning of the fiscal.

Bad days for savers; select debt funds offer only hope

Your FD will yield you less in the present scenario, Abheek Barua of HDFC Bank said.

Rajan could give a parting gift by reducing rates: Andrew Holland, Ambit Investment Advisors

Our view has been that was India could easily reduce interest cost by at least 50 bps without having any impact on the currency.

GST is a very positive medium term reform: Tanvee Gupta Jain, Macquarie Securities

In an exclusive chat with ET Now, Tanvee Gupta Jain, India Economist at Macquarie Securities, said that manufacturing goods will see a fall in the tax rate which are currently taxed at 22.5%.

Markets may remain in consolidation mode; adopt bottom-up approach: Nitin Raheja, AQF Advisors

Investors will keenly follow earnings season, RBI stance, says Raheja. RBI stance on policy rate will drive sentiment as the economy is recovering slowly, he adds.

No retrospective application of policy for hybrid instruments: FM rejects RBI proposal

Accepting the RBI suggestion may have helped resolve the Tata-Docomo row although it could impact other such transactions differently.

Japan's Sumitomo Mitsui Trust Bank buys Reliance Capital stake

Reliance Capital said it would establish a new bank in India with support of SMTB as a strategic partner, as and when the RBI policy permits.

GMR posts Rs 593-crore consolidated loss for June quarter

In a filing, the company said its total income (including other income) during the period rose to Rs 2,796 crore from Rs 2,689 crore a year ago.

Markets to consolidate than collapse: Ashwani Gujral

For the movement it does not look like we are going to collapse from here but what it appears is that the market is going to drift along may be in 100 point ranges.

Finance Minister Arun Jaitley nudges RBI to cut rate to boost growth

The RBI had maintained status-quo on interest rate in its two credit policies announced after the formation of the new government in May.

Even if the Fed hikes rates, it will not have much effect on the market: Charan Singh, UCO Bank

Mythili Bhusnurmath and Charan Singh, ED, UCO Bank discuss macro cues including the possibility of a June Fed rate hike, the RBI policy tomorrow and the expecations from Indradhanush 2

Avoid ADAG stocks: Sudip Bandyopadhyay, Destimoney Securities

ADAG is a high beta bunch of stocks and in this kind of market, it will be under pressure.

Retail inflation accelerates; IIP output jumps: What analysts say

India's annual consumer price inflation quickened to 4.41 percent in September from a year earlier, compared to an annualised 3.66 percent in August, government data showed.

India well equipped to tackle any QE tapering by Fed: KV Kamath, Infosys

We are not an over-leveraged country. So the impact of QE2 on us is indirect in a way, says KV Kamath.

Interest rates likely to stay on hold in August: HSBC

The RBI may pause in its policy review meet in Aug, an HSBC report has said, adding that there is a possibility of a rate hike in the last quarter.

Expect bond markets to remain range-bound in near term: Shilpa Kumar, ICICI Bank

The market is trying to digest two things at this stage. One is clearly the RBI policy which has set this limited room for rate cuts.

RBI likely to maintain status quo in August policy: SBI chief Arundhati Bhattacharya

The repo rate, at which the RBI lends to banks, was retained at 8% and the cash reserve ratio (CRR) was kept unchanged at 4 per cent.

NSE cash market volume from north up 72% to Rs 9054 crore in April-December

The number of trading clients on NSE from north rose by 12 per cent on the cash segment during the first nine months of 2014-15.

Fed's December guidance likely to determine rupee's trajectory: Amandeep Chopra, UTI MF

"We do not expect rupee to appreciate, except for very short periods of time. The longer-term trend will clearly be towards gradual depreciation."

Didn’t expect RBI to cut SLR: Arundhati Bhattacharya, SBI

They are vary about taking these loans and it will make our job easier sourcing corporates by telling them these projects will not show up as NPAs.

RBI keen on bullet-proofing India’s balance sheet: Mythili Bhusnurmath

So, there are a number of measures that the governor has taken, particularly in terms of extending the kind of maturity for the FPI flows into the country.

Pre-market: Nifty seen opening lower; may retest 7,850 levels

Tracking the momentum, the Nifty index may retest its crucial psychological level of 7,850-7,800 in trade today.

Next year, banks face heart attack from silent stress in mid corporates: Saurabh Mukherjea, Ambit Capital

“NPAs in the commercial lending book of most banks would have doubled over last 12 to 18 months.”

Expect more easing from RBI after Sept policy: RK Gurumurthy, Lakshmi Vilas Bank

Gurumurthy expects the average inflation for FY16 to be well within RBI’s expected trajectory.

Pre-market: Nifty seen opening lower; may retest 7,750 levels

Tracking the momentum, the Nifty index may retest its crucial psychological level of 7,800-7,750 in trade today.

RBI must go with higher rate cut to compensate for delay: Mythili Bhusnurmath

'RBI’s view is that low inflation is the best way to ensure growth, but the point is that in a country like India you cannot really focus only on one thing."

Reliance Capital gets shareholders' nod for stake sale to Sumitomo Mitsui

The deal would make the Japanese major a strategic partner of RCap to collaborate on various businesses, including in its proposed banking venture.

SKS Micro, Dewan Housing crack up to 20% on bank licence setback

SKS Microfinance cracked 20 per cent to hit a low of Rs 360.60 on NSE. On BSE, the stock fell 16.65 per cent to hit a low of Rs 376.65.

Market interestingly poised, shoot where the duck is likely to go: Anand Tandon

PSU banks can offer good returns in the next 12 months, but it would not be wise to hold them for long, says Tandon.

Expect RIL, ONGC to perform well in long term; metal stocks a contrarian play: Daljeet Singh

You buy only when you think that you would stay invested in the market for at least two to three years, says Kohli.

India still offers a high nominal rate vs EMs: Gopikrishnan MS

Overseas investors are keenly watching the onset and progress of monsoon and RBI governor Raghuram Rajan’s term extension after September, said Gopikrishnan MS.

Indian economy will continue to outperform peers: Atsi Sheth, Moody's

Atsi Sheth bets on India as the fastest growing economy among similar rated sovereigns, despite a lower-than-expected June quarter GDP growth.

CLSA cuts GDP forecast to 5.2% from 5.5% for FY14

From an expenditure GDP perspective, the ongoing consumption slowdown will overlap the delayed improvement in investment, the brokerage said.

India still a good story in the EM pack; GST delay won't substantially hamper growth: Aditya Puri

The expectation that private investment will come in such a hurry was probably misplaced, private investment follow GDP growth, he said.

Our capex has never been dependent only on the positive cues: VS Parthasarathy, CFO, M&M

With the pay commission being on the anvil and the expectations of a above normal monsoon, way is clear for demand creation and increase in capacity utilisation

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service