Brexit spillover effects may persist for years: Report

Britain's June vote to leave the European Union (EU) could have spillover effects for years, according to a recent report released by the Office of Financial Research in the US Department of Treasury.

"Although the immediate market volatility has subsided, the policy uncertainty and the ultimate financial and political spillovers may last for months or years, leaving markets

Next week, all eyes will be on the passage of the GST bill by Mr. Jayant Manglik - Religare Sec

Below is the weekly technical recommendations by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd.  

 Nifty resumed its upward move in the passing week and posted gains over two and half percent, supported by favourable global cues and upbeat monsoon updates. Also, softening of opposition over the GST bill ahead of monsoon ses

We maintain our Buy rating on Infosys Ltd By By  Ms. Sarabjit Kour Nangra - Angel

Below is the views on Infosys Ltd 1QFY2017  By  Ms. Sarabjit Kour Nangra (VP Research- IT, Angel Broking Pvt Ltd)  

“Infosys posted numbers lower than expected the company posted a 2.2% sequential growth in USD revenues to US$2,501mn V/s US$2,548mn expected, mostly volume lead. In rupee terms, revenues came in at INR 16,782cr V/s INR 17,072cr

We maintain our Buy rating on Tata Consultancy Services Ltd By Ms. Sarabjit Kour Nangra - Angel

Below is the views on Tata Consultancy Services Limited 1QFY2017 Results By Ms. Sarabjit Kour Nangra (VP Research- IT, Angel Broking Pvt Ltd )

“TCS posted results below expectations on the sales front while the net profit growth came in higher than expected on back of better expected EBIT and better than expected other income. The company posted 3.7% s

Expert views on India's higher consumer inflation in June

MUMBAI  - India's annual consumer price inflation edged up to a slightly stronger-than-expected 5.77 percent in June, mainly driven by higher food prices compared with 5.76 percent in May, government data showed on Tuesday.

Separately, data showed India's industrial output unexpectedly rose 1.2 percent in May from a year earlier, led by a pick up in manuf

Debt Outlook By Murthy Nagarajan Head – Fixed Income Quantum Liquid Fund & Quantum Dynamic Bond Fund RBI

RBI in its monetary policy on 7th June, kept all the key policy rates unchanged. RBI retained its CPI inflation projection of 5% with an upside bias. RBI highlighted service inflation which is high due to hikes in fare rates, tuition fees , house rent and water charges. These items are not amendable to good monsoon. RBI re iterated its commitment to provide adequate liquidity in the system to t

Equity Outlook By Atul Kumar - Head Equity Funds Quantum Long Term Equity Fund & Quantum Tax Saving Fund

In the month of June 2016, S&P BSE Sensex had a rise of 1.70% on total return basis. On calendar year to date basis, Sensex has increased 4.38% whereas it is down 1.27% compared to its level a year ago. S&P BSE Mid Cap and S&P BSE Small Cap indices had a sharp rally in the month, with appreciation of 3.14% and 5.95% respectively.

FIIs bought Indian equities worth USD 771 M

In emerging economies, India has most transparent companies: Report

New Delhi, July 11 (IANS) India has the most transparent companies because of a strong regulation system firmly in place, a new report revealed on Monday, adding that China on the other hand has weak or non-existent anti-corruption policies and has the most opaque firms.

The vast majority of the world’s biggest emerging market companies have failed whe

Positive global cues lift equity markets

Mumbai, July 11 (IANS) Positive global cues, along with fresh influx of foreign funds and buying support, lifted the Indian equity markets to their new closing highs for the last 11 months on Monday.

The equity markets, which were also buoyed by a healthy progress of monsoon season, short covering and a strong rupee, closed with gains of more than 1.5 per ce

Keep caution and restrict positions only to fundamental strong counters - Religare Sec

  Below is the views on weekly technical recommendations by Mr. Jayant Manglik, President,     Retail Distribution, Religare Securities Ltd.

Nifty took a pause in the passing week on expected lines and ended almost unchanged post Brexit recovery.  Participants were remained in wait and watch mood, citing mixed global markets and not so encouraging

DoubleLine's Gundlach - Gold remains best investment in 'shaky' world

By Jennifer Ablan

NEW YORK - Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Wednesday that gold remains the best investment amid fears of instability in the European Union and prolonged global stagnation, as well as concerns over the effectiveness of central bank policies.

"Things are shaky and feeling dangerous,” Gundlach sa

We expect a pause in Nifty after the recent rally - Religare Sec

Below is the views on weekly technical recommendations by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd.

Equity markets made a remarkable recovery in the passing week and posted gain of nearly 3 percent. It not only eliminated the Brexit jitters, but also witnessed fresh buying, mainly supported by improved domestic cues like progress of

List of sectors and scripts which will be positively impacted by the GST coming - Dynamic Levels

The most awaited GST bill is expected to be passed in the parliament in its July session starting from 18th July. The main function of the GST is to transform India into a uniform market by breaking the current fiscal barrier between states. Thus the GST will facilitate a uniform tax levied on goods and services across the country. Taxes such as excise duty, service, central sales tax, VAT (val

1/07/2016 5:26:57 PM | Posted in Broking Firm Views - Sector Report read full news
Analysis of Brexit referendum and impact on markets by Mr.Feroze Azeez

 Below is the view on analysis of Brexit referendum and impact on markets by Mr.Feroze Azeez ( Deputy CEO- AnandRathi Private Wealth Management)
 
So the British have voted in a referendum to leave the EU. What does that mean for markets?
 
Let's first get some important facts in here

Achhe din for government staff, pensioners with massive hikes

A bonanza of 16 per cent pay hike and 24 per cent increase in pension, with arrears from January this year, awaits 47 lakh serving central government employees and 53 lakh pensioners with the Union Cabinet giving its approval to 7th Pay Commission recommendations on Wednesday.

But the government was undecided on giving the go-ahead to the massive 63 per cent hike in allowances which t

Analysis - Global M&A declines in second quarter as mega deals seen too risky

By Greg Roumeliotis and Pamela Barbaglia

NEW YORK/LONDON  - The value of announced mergers and acquisitions (M&A) worldwide dropped by a third in the second quarter of 2016, as a wave of transactions were abandoned in the wake of concerns over regulatory and tax risks or national security.

While 2015 was a record year for M&A, 2016 is shaping up

7th pay panel will boost demand by Rs 45,000 crore: India Ratings and Research

  The Indian cabinet-approved Seventh Central Pay Commission recommendations will boost the demand in the economy by over Rs 45,000 crore and increase savings by more than Rs 30,000 crore, American agency Fitch's subsidiary India Ratings and Research (Ind-Ra) said on Wednesday.

"The pay commission recommendations will boost consumption to the e

India seen to grow faster than emerging market peers

The Indian economy is at an interesting inflection point. With RBI Governor Raghuram Rajan announcing his plans to return to academia and the referendum in Britain voting to leave the EU, the world, it seems, has become more uncertain and risk-prone.

These events could make global recovery even more tepid. At present, a lot is happening in the world economy that has a bearing on the I

Pulses production shortfall causing price rise: Arvind Subramanian

Pulse prices have shot up as a result of their under-cultivation and inadequate domestic production, while the spike in vegetable prices have more to do with market forces than production, Chief Economic Advisor (CEA) Arvind Subramanian said on Sunday.

Adressing an international conference on social statistics here, Subramanian said inadequate production have led to a spike in pulse p

Brexit will greatly weaken EU: Expert

Britain's exit from the European Union (EU) will greatly weaken the bloc, European Commission Vice President Maros Sefcovic has said here.

"If a country like Britain exits, it must be perceived by the outside world as weakening the Union and as a demonstration of the crisis that the EU is undergoing," said Sefcovic on Sunday, Xinhua news agency reported. 

Positive developments on domestic front will supress the impact of global jitters - Religare Sec

Below is the views on weekly technical recommendations by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd.

In the historic referendum, the UK decided to leave the European Union and that triggered knee-jerking reaction across the globe in the passing week, including ours. In the beginning, markets rallied on the report of progress of monsoo

Impact of Brexit - First thoughts by Mr. Ajay Bodke, CEO - Prabhudas Lilladher Ltd

Strengthening  of centrifugal forces advocating dismemberment of the EU
 
As I had mentioned in early morning Brexit would trigger fears of centrifugal forces getting unleashed. Other disgruntled members of the EU who are unhappy with the functioning of what they perceive to be an overbearing & opaque decision making apparatus of Brus

Brexit Comments by Jayant Manglik, Religare Securities - Religare Sec

Below is the views on Brexit Scenarios by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd

The day has finally arrived when the UK is voting on referendum to stay or leave European Union and the whole world is closely watching the event unfold. I

If Brexit happens, we could see some knee-jerk reaction in our

How online shopping is changing rural India

I stay in rural Maharashtra. We have reached a stage in life where we hardly shop but sometimes need specialty items like books, computer peripherals, herbal teas and the like. These items are not available in our rural town of Phaltan where we live and so we do online shopping. In the last year or so we have discovered the power of such shopping.

In the recent past, we would go once