Market to remain bullish ahead of RBI Policy due next week - Amrapali Aadya Trading and Investments

Below is the View on weekly market report by Mr. Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments:

Week began on the strong note on the back of improvement in corporate earnings as well as better than expected monsoon throughout India region. Nifty continued its strong rally to cross its psychological

Scope exists for consolidating GST rates: Asim Dasgupta

Former West Bengal Finance Minister Asim Dasgupta, who chaired the Empowered Committee of State Finance Ministers that prepared the first draft of the Goods and Services Tax (GST) framework in 2009, says there is "scope for consolidating existing GST rates" to improve the present structure and suggests the highest slab of 28 per cent be brought down to 18.

"The present

Low inflation to encourage RBI to cut rates next week: Reuters poll

BENGALURU - The Reserve Bank of India (RBI) is expected to cut interest rates when it meets on Aug. 2, responding to an inflation rate running well below target, but an improving economy is likely to keep it on the sidelines for a long time thereafter, a Reuters poll showed.

A significant moderation in retail inflation over the past three months has reinforced calls f

Moody`s changes China's banking system outlook to stable

 Credit rating agency Moody's on Thursday revised its outlook for the Chinese banking system from negative to stable.

The revision follows Moody's assessment of five drivers: Operating Environment (stable); Asset Quality and Capital (stable/stable); Funding and Liquidity (deteriorating); Profitability and Efficiency (deteriorating); and Systemic Support (stable), Yul

Nifty@10K- Long-term bullish, short-term cautious

 The NSE Nifty 50 hitting the key milestone of 10,000 points has happened, although briefly.


The rally has largely been driven by liquidity. Domestic macros played an important part in transferring global liquidity to our market. Stable and growth-oriented government policies and implementation of the Goods and Services Tax, which is the biggest reform since Independence,

Nifty@10K: Macro indicators augur well, but expect correction soon

Nifty has touched 10,000, taking only 4.3 months to move from 9,000 points to 10,000. Since inception, the index of the National Stock Exchange has given an annualised return of 11.2 per cent.

A day before, on July 24, Nifty 50 was trading at a price-to-earnings ratio (P/E) of 25.45x and price-to-book value of 3.55x which are lower than the previous highs of 28.5x on February 11, 2000

Axis Bank 1QFY18 results by Asutosh Kumar Mishra - Sr.Research Analyst - Banking & Financial - Reliance Securities

Below is thr View On Axis Bank  1QFY18 results by Asutosh Kumar Mishra - Sr. Research Analyst - Banking & Financials - Reliance Securities

Axis Bank reported relatively higher growth in bottom line in 1QFY18 led by the strong growth in other income along with lower provision expenses. On assets quality front the bank d

IMF says ECB should maintain stimulus, calls for end are 'premature'

BRUSSELS - The European Central Bank should maintain a "firmly accommodative" monetary policy for an "extended period", the International Monetary Fund said on Tuesday, as it forecast inflation remaining below target.

As the ECB prepares for a decision in autumn on whether to claw back its stimulus programme, the IMF said calls for an exit from eas

Nifty hits the crucial 10k mark - Epic Research

Below is the View On ‘Nifty touched 10,000 for the first time’ by Mr. Mustafa Nadeem, CEO, Epic Research for your consideration:

Nifty today reached the physiological important and much awaited five digit figure based on multiple pillars which are Current account deficit, policy reforms, GST, and on the other hand we have inflation tre

NIFTY finally touches psychologically important mark of 10000

Below is the View On NIFTY 10K by Mr. Rakesh Tarway - Head Research, Reliance Securities

" NIFTY finally touched round and psychologically important mark of 10000 on the back of strong domestic liquidity, rally in global equity markets and reasonable earnings performance from domestic companies.Valuations are now discounting good earning

First reaction on Nifty touching the 10k mark! By By Amar Ambani, Head of Research - IIFL Wealth Management

“Very exciting to see the Nifty touch 10,000 today! While the journey in year 2017 from 9000 to 10000, took just four months, the index first hit 9000 way back in March 2015, following an RBI rate cut. We also witnessed a Budget day low of 6826 on February 29, 2016. So, we’ve seen a great comeback by equities as an asset class, gaining 47% in the last 17 months.  

As

We have a Hold rating on Ambuja Cements 2QCY17 Result - Reliance Sec

Below is the View On Ambuja Cements 2QCY17 Result by Binod Kumar Modi Sr. Research Analyst - Reliance Securities

Better Realization Drives Performance  

* Ambuja Cements (ACL) reported a better than estimated operating performance mainly on account of higher than expected recovery in average realization de

World oil demand could peak in 2024 on higher vehicle efficiency - Goldman Sachs

SINGAPORE - Global oil demand could peak as early as 2024 if there are more efficiency gains in vehicles, greater market penetration by electric cars, lower economic growth and higher fuel prices, Goldman Sachs said in a research note on refining on Monday.

Economic expansion in emerging markets - led by India - may stave off reaching a peak until 2030, although deman

 HDFC Bank has delivered a healthy performance on business growth - Reliance Sec

HDFC Bank has delivered a healthy performance on business growth and operating parameters front in 1QFY18. Marginal increase in gross NPA is not of worry as headline NPA and PCR of the bank continue to remain best in class in the industry.  

Despite a mere 6.1% YoY growth in banking industry loan, the Bank’s loan book grew by 23.4% YoY and 4.8%QoQ, led by higher growth in c

RIL narrative shifts to Jio - Angel Broking

“The 40th AGM of Reliance Industries marked a historic landmark, both in terms of its telecom disruption as well as a corporate action. Mr. Mukesh Ambani, also took the opportunity to recount the journey of RIL over the last 40years underscoring that an investment of Rs.10,000 in RIL shares in 1977 would have grown to over Rs.1.50 crore today.  

RIL announced a bonus issue

We have an Accumulate rating on Bajaj Auto`s Q1 Result - Angel Broking

Below is the view On Bajaj Auto's Q1 Result by  Mr. Shrikant Akolkar (Research Analyst- Auto & Auto Ancillary, Angel Broking):

“Bajaj Auto reported mix set of numbers in 1QFY18 with revenue and EBITDA below the consensus estimates by 1.5% and 13% respectively. Profit after tax however beat the consensus estimates by 2%; this was

Most bought and sold stocks by MFs_ June - Morningstar

It is noteworthy that ITC remained the 7th most purchased large cap stock in June and the 6th most held stock by mutual funds. Also, SBI, ICICI Bank and Infosys were the top 3 large cap stocks purchased by mutual funds (respectively).  

Below is an excerpt of the most sold large cap stock by mutual funds:

20/07/2017 5:50:36 PM | Posted in Expert Views read full news

Large share of non-institutional credit in rural India may limit effectiveness of farm loan waivers - ICICI Sec

Large share of non-institutional credit in rural India may limit effectiveness of farm loan waivers

Five state governments recently announced farm loan waivers amounting to Rs996bn collectively: The farm loan waivers in five states met with scepticism by key policymakers in the country. The finance minister, heads of top commercial banks in the country

Indias economy set to reclaim top spot for growth this year: Reuters poll

BENGALURU - India will reclaim its position as the fastest growing major global economy this year, partly propelled by benefits from a new tax system and bolstered by an expected central bank interest rate cut, a Reuters poll showed.

Having been in the offing for close to two decades, the goods and services tax (GST), which the government touts as the biggest domestic

NTPC a key enabler of Indias electricity transformation

A recent Morgan Stanley report has downgraded the Indian utilities industry. It highlighted that renewable energy is becoming so cheap that thermal power, mostly coal, is uncompetitive.

This is a highly significant market signal which will likely be accompanied by growth in the already impressive list of high calibre international investors moving into India's renewables sector, i

Moody`s maintains long term rating on Yes Bank

Private-sector lender, Yes Bank said that Moody’s Investor Service has maintained the international long term rating issued to the Bank at ‘Baa3/P-3’ with Stable outlook. “Yes Bank’s International long-Term rating issued by Moody’s Investor Service, remains unchanged at‘Baa3/P-3’ with Stable outlook as updated vide Moody’s credit opinion dat