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Economic Times | 22 Nov, 2019 | 09.24PM IST

ETMGS: Go local to realise $5 trillion economy, say experts

Catch all updates from ETMarkets Global Summit 2019.

!1 New UpdateClick here for latest updates
09:10 PM

ETMGS 2019: Closing note by Sanjeev Kumar | VIDEO

08:46 PM

ICICI Pru AMC's S Naren on wealth creation through right asset allocation | VIDEO

07:57 PM

Dealing with debt in post-IL&FS market | VIDEO

07:31 PM

Tech View: Nifty forms ‘Bearish Belt Hold’; bears in full control

NSE Benchmark Nifty extended its weakness for the second straight session on Friday and formed a ‘Bearish Belt Hold’ kind of formation on the daily chart. Moreover, it formed a ‘Doji’ on the weekly chart for a third consecutive week. For the day, Nifty closed 54 points, or 0.45 per cent, down at 11,914.40. The index shuttled between an intraday high and low of 11,968 and 11883.50, respectively.
07:25 PM

Equity is an asset class to be invested when times are bad, and taken out when times are good

- S Naren

07:25 PM

Dec 2006-Dec 2017, small cap AUM grew 1,668% in absolute returns

- S Naren

07:24 PM

Asset allocation is a sure shot way of making money: S Naren

Asset allocation is a sure shot way of making money: S Naren
07:23 PM

Real estate should be sold in 4th or 5th year of the bull run: S Naren, CIO, ICICI Prudential AMC

Real estate should be sold in 4th or 5th year of the bull run: S Naren, CIO, ICICI Prudential AMC
07:00 PM

Fundamentals of market technicals with Julius De Kempenaer | VIDEO

06:51 PM

Titan & Nestle India to enter Sensex; YES Bank, Tata Motors exit

YES Bank, Vedanta, Tata Motors and Tata Motors DVR will exit benchmark Sensex to make way for Titan Company, UltraTech Cements and Nestle India. The changes will be effective December 23, Asia Index said on Friday. Asia Index is a 50-50 partnership between S&P Dow Jones Indices and the BSE.
06:47 PM

Tata Motors shareholders approve raising up to Rs 6,494.35 crore

Tata Motors on Friday said its shareholders on Friday have approved a proposal to raise up to Rs 6,494.35 crore from Tata Sons through issuance of securities through preferential allotment. In an extraordinary general meeting (EGM) held on Friday, 99.79 per cent of the shareholders polled in favour of the resolution, Tata Motors said in a regulatory filing.
06:40 PM

Private banks are technically well-positioned: Julius de Kempenaer

Indian private banks are well–positioned currently, while one can avoid the IT space, shows Relative Rotation Graphs (RRGs), which were created by Julius de Kempenaer. RRGs are a unique visualisation tool for relative strength analysis. This tool can be used by chartists to analyse the relative strength trends of several securities against a common benchmark, and against each other.
Private banks are technically well-positioned: Julius de Kempenaer
06:29 PM

Stockbroking Industry - Challenges & Opportunities | VIDEO

06:27 PM

Our funding to NBFCs have come down: Nimesh Shah

Our funding to NBFCs have come down: Nimesh Shah
06:26 PM

MFs were providing 30-35% of funding to NBFCs before Ilfs crisis

- Sandeep Thapliyal, MD & CEO, Avendus Finance

06:25 PM

When entire infrastructure was under pressure, IL&FS stood out. Did anyone question that?

- Nimesh Shah, MD & CEO, ICICI Prudential Mutual Fund

06:24 PM

Irrresspective of ratings, we have seen firms going through their own crisis

- Kalpen Parekh, President , DSP Mutual Fund

06:24 PM

Nimesh Shah, MD & CEO, ICICI Prudential Mutual Fund

Nimesh Shah, MD & CEO, ICICI Prudential Mutual Fund
06:13 PM

India needs an index with a blend of m-cap and macros: Saurabh Mukherjea

Speaking at ETMarkets Global Summit in Mumbai on Friday, Saurabh Mukherjea, Founder of Marcellus Investment Managers said if we can create a fundamental index that gives a view of Indian's economy, that index might give better opportunities to investors. He said he was not sure if Nifty or Sensex captures the economic wealth opportunity.
India needs an index with a blend of m-cap and macros: Saurabh Mukherjea
05:46 PM

India is internationally on the map. Nifty which was not visible 15 years ago but today it is there:

- Julius De Kempenaer, Inventor, Relative Rotation Graphs Technical Indicator

05:43 PM

One needs to figure where not to invest

- Julius De Kempenaer

05:43 PM

Though It was not designed as trading model but it can be used to model trades as well

- Julius De Kempenaer

05:42 PM

Julius De Kempenaer, Inventor, Relative Rotation Graphs Technical Indicator

Julius De Kempenaer, Inventor, Relative Rotation Graphs Technical Indicator
05:28 PM

After Market: IT stocks bleed; Zee rallies; 43 stocks flash ‘sell’ signal

Heavy selling IT and select banking counters dragged the benchmark indices down by over half a per cent on Friday. Besides, telecom counters, including Bharti Airtel and Vodafone Idea, extended their fall for a second straight session after the recent runup. On the other hand, Zee Entertainment extended rally after promoters sold stake in the firm.
05:21 PM

F&O: Nifty50 stuck in a narrow range, forms ‘Doji’ candle for 3rd week

The headline index made a lower high and lower Low and formed a red body candle on the daily chart. For the second straight week, Nifty has traded in a narrow range of 171 points, which is the narrowest weekly range in the last six months. It formed a Doji candle on the weekly scale for the third week in a row, which clearly shows lack of momentum in either direction.
05:19 PM

Nifty is no longer a play on India - Causes, Consequences & Remedies | VIDEO

05:09 PM

GDR manipulation: Bhoruka Aluminium, its officials fined Rs 10.65 cr by Sebi

Capital markets regulator Sebi has imposed a total penalty of Rs 10.65 crore on Bhoruka Aluminium Ltd and its officials in a matter related to manipulation in issuance of global depository receipts (GDR). The regulator in a probe conducted between November-December 2010 noted that the firm had issued 1.12 million GDRs amounting to USD 10.38 million (around Rs 74 crore) and the entire GDR issue was subscribed by only one entity, Vintage FZE.
05:01 PM

The biggest thing for us is to how to get more users on board. The biggest issue today is how do we handle the real situation, which is emerging such as broker defaults. We need to seriously solve it

- Ashishkumar Chauhan, MD & CEO, BSE

05:00 PM

The difference for us is that we have been a lean operation. We have omitted the need for human intervention

- Nikhil Kamath, Co-Founder & CIO, Zerodha

04:59 PM

The regulatory expectations should be tempered a bit

- Uttam Bagri, Chairman, BSE Brokers' Forum (BBF)

04:58 PM

The kind of flexibility a broker needs to deal with heterogeneous environment is something the regulator is not willing to give

- Uttam Bagri, Chairman, BSE Brokers' Forum (BBF)

04:57 PM

Most brokerages have diversified their revenue streams. The research industry has changed. The good thing about our industry is that it has matured because of information-surplus environment

- R Venkataraman, MD, IIFL Securities

04:56 PM

Most of the market participants have agreed that broking is a cyclical business. Sometimes you make money, sometimes you don't. Most organisations run a lean shift

- R Venkataraman, MD, IIFL Securities

04:39 PM

We have a lot of catching up to do on the derivatives front. Sensex has outperformed Nifty on 1-year, 5-year and 10-year basis

- Ashishkumar Chauhan, MD & CEO, BSE

04:37 PM

Broking from our perspective has moved away from costs. The price advantage no longer exists. Paytm is in a different market trying to do a lot of things, while we are focusing on broking

- Nikhil Kamath, Co-Founder & CIO, Zerodha

04:36 PM

Technology has impacted every business. Technology has actually helped the industry tremendously. The disruption has happened in terms of discount broking, and cost pressures

- Shiv Sehgal, President and Co-Head, ICG, Edelweiss Global Investment Advisors

04:34 PM

Stockbrokers surviving, non-surviving is a global problem. Do we add value? That is the question. Zerodha is synonymous with destruction broking

- Uttam Bagri, Chairman , Bombay Stock Exchange Brokers' Forum (BBF)

04:30 PM

We have to find new ways to add value for the customers

- R Venkataraman MD, IIFL Securities

04:28 PM

In the broking industry, revenue pool is coming down: R Venkataraman MD, IIFL Securities

In the broking industry, revenue pool is coming down: R Venkataraman MD, IIFL Securities
04:27 PM

ETMGS Panel Discussion on stockbroking Industry: Challenges & Opportunities

ETMGS Panel Discussion on stockbroking Industry: Challenges & Opportunities
03:53 PM

Index measures the performance of a basket of financial securities. It is not related to GDP growth

- Mukesh Agarwal, CEO, NSE Indices

03:50 PM

If we can create a fundamental index, which gives a view of Indian's economy, that index might give better opportunities to investors. Not sure if Nifty or Sensex captures India’s economic wealth opportunity

- Saurabh Mukherjea, Founder & Chief Investment Officer, Marcellus Investment

03:45 PM

Sectoral divergence bound to happen as a lot of companies that account for a major part of the economy are not listed in India: Saurabh Mukherjea

Sectoral divergence bound to happen as a lot of companies that account for a major part of the economy are not listed in India: Saurabh Mukherjea
03:44 PM

We will see money flowing into midcaps and small caps and there is a very high degree of pessimism in that space which effectively means that investors who have put in money in that space at this point of time will certainly make handsome returns over the next two to three years

- Pankaj Murarka, Founder, Renaissance Investment Managers

03:43 PM

CLOSING BELL

Sensex slumps 216 pts, Nifty ends at 11,916; TCS, Infy plunge up to 3%; Tata Steel rallies 4%
CLOSING BELL
03:28 PM

In March 2009, if you would have invested in Nifty stocks equal weighted, it would have delivered minus 1% return. There is a massive structural change in Indian economy in the last 6-7 years. If the structure has changed in the economy, it would reflect in Nifty with a lag

- Saurabh Mukherjea

03:26 PM

Earnings growth in the US growing at double the rate of India. This is despite India growing at twice the rate of US: Saurabh Mukherjea, Marcellus Investment Managers

Earnings growth in the US growing at double the rate of India. This is despite India growing at twice the rate of US: Saurabh Mukherjea, Marcellus Investment Managers
03:26 PM

ETMGS 2019 Panel Discussion: Looking for new leaders in $5 trillion economy

03:14 PM

Will nickel continue to outperform other base metals?

Nickel has been a standout performer in 2019 as rising worries over a possible supply curbs kept the prices afloat. Nickel prices surged over 48 per cent on LME (YTD) whereas prices on the MCX rose over 54 per cent. While the rest of the base metal struggled, reflecting rising uncertainties over the US-China trade spat, nickel enjoyed a solid bull run. The primary reason behind the robust rally was the ore export ban announced by Indonesia.
03:11 PM

ETMGS 2019 Panel Discussion: Monetary policy as main engine of economic growth

03:09 PM

Agri Commodities: Soyabean, soya oil, mustard rise in futures trade amid firm demand

Soybean prices on Friday rose by Rs 12 to Rs 3,993 per quintal in futures trade as traders created fresh positions supported by a strong spot demand.Refined soya oil prices on Friday rose 0.07 per cent to Rs 804.5 per 10 kg in futures trade as speculators created fresh positions. Mustard seed prices on Friday rose by Rs 5 to Rs 4,301 per quintal in futures trade due to raising of positions by participants.
03:02 PM

HDFC AMC's Prashant Jain on his learnings from 25 years of fund management on Dalal street | VIDEO

02:59 PM

Focus on stock valuations, not future assessments of economy: Prashant Jain

Growth rate may go down from 8 per cent to 5 per cent, but it may not remain there, said Jain, who is ED and CIO of HDFC MF. “Lower the interest rate, the higher is the fair value of equities. So, even as the economic growth is 3 percentage points less, the fair value of equities can be fairly high," Jain said at ETMarkets Global Summit in Mumbai.
Focus on stock valuations, not future assessments of economy: Prashant Jain
02:54 PM

European shares stabilise, spotlight on PMI readings

European shares steadied on Friday after a bout of selling this week on concerns a preliminary -China trade deal might not be sealed soon, while investors prepared for PMI readings from major European economies. After declining for four days in a row, Europe's main equities benchmark rose 0.4 per cent by 0808 GMT. London's FTSE 100 gained the most as miners, oil majors and banks rebounded from sharp falls.
02:42 PM

Morgan Stanley says banks at inflection point

“Last week’s judgment may well prove to be an inflection point for the sector,” said Ridham Desai, managing director at Morgan Stanley India, adding that banks previously were not well-placed to recover loans. “I would be fairly optimistic of the banking sector in India.”
02:32 PM

Zee stake sale removes pledge overhang; shares gain 25% in 3 days

Shares of Zee Entertainment extended their rally for a third straight session after several foreign funds, including the New York-based BlackRock, Singapore government-backed GIC, HSBC Global, Citigroup, Morgan Stanley Asia, Vanguard and Wellington Management, have picked up stakes in the company as the promoters sold stock to repay loans. The scrip was trading 4.13 per cent higher at Rs 359.50 at around 1.20 pm (IST), taking their three-day rally to over 25 per cent during November 18-22.
02:31 PM

Infra stocks mixed; NTPC rises 2%

Shares of infrastructure companies were trading on a mixed note in Friday's afternoon session. Shares of NTPC (up 1.99 per cent) , Bharat Heavy Electricals (up 1.53 per cent) , CG Power and Industrial Solutions (up 1.44 per cent) and Power Grid Corporation of India (up 1.40 per cent) were among the top gainers. While Reliance Infrastructure (down 4.94 per cent ) , Bharti Infratel (down 4.82 per cent ) , Reliance Power (down 4.11 per cent ) and Siemens (down 4.10 per cent ) were the top losers in the index. The Nifty Infrastructure index was trading 0.05 per cent up at 3303.05 around 02:05 pm.
02:24 PM

If $5 trillion economy is Mr Modi's target, it is difficult. But if it is your and mine, then we will be able to achieve by 2025

- NileshShah, MD, Kotak MF

02:23 PM

We have an extraordinary opportunity. World's capital is available at our doorstep

- Salil Pitale, JMD & Co-CEO, Axis Capital

02:21 PM

We are in a kind of transit period as far as conducting business is concerned. High tax, evasion of tax is being worked on

- Vaibhav Sanghavi, Co-CEO, Avendus

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