8
Oct
Posted by smcinvestmentindia in Banking, Business, Capital Market, capitals, Commodity market, Commodity Trading, Company, Distribution of Mutual Funds & IPOs, Economics, Equity & Derivative Trading, Finance, financial planning, income tax, india, India corporate world, Insurance, Investment, IPO, Mutual Funds, Private Equity, securities, share market, smc capitals, SMC Depository, SMC Research Based Advisory Services, Stock, tax, telecom, Trading. Tagged: Asian, Asian stocks, Bombay Stock Exchange’s Sensitive Index, BSE 200 Index, copper producer, Dow Jones Stoxx 600 Index, Europe, European stocks, European markets, financial shares, Hindalco Industries, India’s benchmark, Indian stocks, Jagannadham Thunuguntla, Kotak Securities, London, market, metal stocks, MSCI Asia Pacific Index, National Stock Exchange, New Delhi, Oil & Natural Gas, S&P CNX Nifty Index, Securities and Exchange Board of India, Sensex, SMC capitals Ltd., Standard & Poor’s 500 Index, Sterlite Industries, stock index, telecom companies. 1 comment
India’s benchmark stock index rose the most in a week, reversing earlier losses.
India’s benchmark stock index rose the most in a week, reversing earlier losses.
Sterlite Industries (India) Ltd. and Hindalco Industries Ltd. led commodity producers higher after metals prices jumped.
Sterlite, the nation’s largest copper producer jumped 3.1 percent after the price of the metal gained and the stock’s rating was lifted at Nomura Holdings Inc.
Hindalco Industries leapt 6.2 percent after aluminum soared.
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The market reversed early losses helped by metal stocks.
Also, gains in Asian and European markets boosted sentiment here.
The Bombay Stock Exchange’s Sensitive Index, or Sensex, added 92.13, or 0.6 percent, the most since Sept. 30, to 16,958.54.
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The gauge had earlier declined as much as 1.5 percent.
The S&P CNX Nifty Index on the National Stock Exchange rose 0.5 percent to 5,027.40.
The BSE 200 Index advanced 0.4 percent to 2,072.31.
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European and Asian stocks gained as higher commodities lifted metal producers, while financial shares advanced after Bank of America Merrill Lynch Global Research recommended European banks.
Europe’s Dow Jones Stoxx 600 Index gained 1.4 percent to 239.19 at 12:26 p.m. in London, while futures on the Standard & Poor’s 500 Index rose 0.8 percent.
The MSCI Asia Pacific Index advanced for the first time in four days today, adding 1.5 percent.
Overseas funds bought a net 13.7 billion rupees ($286.7 million) of Indian stocks on Oct. 1, the Securities and Exchange Board of India said.
The funds have bought 615 billion rupees of Indian stocks this year to date, compared with record net sales of 530 billion rupees for the whole of 2008.
However, Reliance Communications Ltd., India’s second-largest mobile phone operator, led declines by telecom companies on concern lower call charges will cut earnings.
“The price war can impact the revenues of telecom companies by 15 percent to 20 percent,” said Jagannadham Thunuguntla, the head of equities at SMC Capitals Ltd. in New Delhi.
Kotak Securities removed Bharti from its list of 10 most recommended stocks following yesterday’s downgrade.
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On Energy front, Oil & Natural Gas Corp., the biggest energy explorer, added 1.3 percent to 1,184.8 rupees after saying its in talks with Iran’s state-owned Petropars Ltd. to buy a stake in South Pars, the country’s largest natural gas field.
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11
Sep
Posted by smcinvestmentindia in agriculture, Asset management, Automobiles, Banking, Brokerage, budget, Business, Capital Market, capitals, Clearing Services, Commodity market, Commodity Trading, Company, Distribution of Mutual Funds & IPOs, Economics, Enviroment, Equity & Derivative Trading, Finance, financial planning, General, india, India corporate world, Insurance, Investment, IPO, Merchant Banking, Private Equity, securities, SMC Depository, SMC Research Based Advisory Services, tax, Trading, Wealth. Tagged: Accelerating production, agricultural output, agricultural sector, agro commodities, Australian economy, base year, bottom-line growth, broader tax base, Capital flows to India, cereals, China, China's Shanghai Composite Index, commerce ministry, Company, confidence of investors, consumption, control the deficit, current quarter GDP, deficit, demand, disinvestment, earnings, economic growth, Economy, employment-oriented sector, engineering sector, equity investments, European economies, export, FII portfolio inflows, fiscal deficit, fisheries, food prices, foreign investment, foreign trade policy, France, fundamentally good stocks, FY10, GDP, Germany, Global markets, global recession, GOI, good stocks, government spending, government spending in rural areas, horticulture, huge cost cutting, incremental tax revenues, India growth story, India's exports, India's industrial production, India's Sensitive Inde, India's Sensitive Index, Indian agriculture, Indian Export Organisations, industrial production, inflationary pressures, interest rates, Investment, investor, investors, inward FDI flows, kharif crops, last two quarters of 2008-09, livestock, long run, lower base year, lower costs of raw material, lower interest rates, lowering the subsidy, manufacturing and housing sectors, Markets, mature markets, Measures for fiscal deficit, medium-term growth, ministry of petroleum, monsoon rains, MSCI Asia Pacific Index, net capital outflows, new tax code, NRI deposits, oil subsidy, oilseeds, positive Q1FY10 result, Positive Undertones in the Economy - Part 1, positive undertones in the markets, power plants, private spending, profit from other sources, pulses, Q1FY10, Q2FY10 numbers, quarter's results, Reality sector, residential property buyers, revenue driven, roads, rural areas, savings rate, Sensex, sentiments of investors, service providers like banking, Shanghai Composite Index, stake sale, stimulus, stimulus package, stock market, stock market trading, subsidy, subsidy burden in Kerosene and LPG., tax compliance, tax laws, Textiles and Gem Jewellery, Top line growth, total output of the agricultural sector, Unique Identification Project, yield of kharif crop. Leave a comment
Extending to the yesterday’s post on the positive undertones of the economy in the markets and investors tips, here we coming up with the more factors which investors should use for picking up fundamentally good stocks.
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1. Reality companies hike rates by 15%
Reality sector is witnessing a substantial demand, especially in the mature markets, after the prices dropped a few months ago.
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With the gradual return of residential property buyers, prices in NCR and Mumbai areas have moved up 10-15%.
How long these prices will sustain is hard to determine, but this indicates the confidence of investors.
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2. India..in Better Position
India can be considered as “balanced” in terms of investment and consumption with savings rate of 35% and consumption of 65% of its GDP.
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The fastest growing China leans towards investment, whereas most of the western countries are weighted more towards consumption.
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If we compare India’s Sensitive Index with its other Asian peers, Sensex is valued at 17.6 times estimated earnings where as China’s Shanghai Composite Index trades at 22 times earnings and the MSCI Asia Pacific Index is valued at 24 times.
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So, India remains very attractive and it is an opportune time for Indian companies to grab market share.
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3. Developments in the rest of the economy 🙂
If we see the positive economic numbers across the globe, it seems that world economy is moving towards recovery.
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Australian economy surprised with a jump in growth in the second quarter.
US have witnessed a growth in the current quarter GDP, US manufacturing and housing sectors appears to be gathering pace, quarter’s results came better than expected.
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European economies like France and Germany continued their gradual emergence from the worst crisis in decades and company results showed an upturn.
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4. Concerns Over Weak Monsoon!
Everyone is expecting that poor rains would push up food prices in the short-term, due to the reduced yield of kharif crop and it would add to inflationary pressures.
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But at the same time, we should also know that Indian agriculture is not limited to agro commodities only, but it is well diversified into horticulture, livestock and fisheries and their share in total output of the agricultural sector is increasing.
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Total agricultural output accounts for only 18.5 % of the gross domestic product and the kharif crops like cereals, pulses and oilseeds account for only 20% of it.
Moreover, government spending in rural areas will mitigate the effect of diminished monsoon rains.
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So, Looking at the above factors, India growth story remains strong in the long run.
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So, one can go for the companies, which will benefit from “Economic growth” like power plants, roads, service providers like banking and engineering sector.
Thanks 🙂
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