We maintain our buy rating on Wipro Ltd by Ms. Sarabjit Kour Nangra - Angel

Below is the views on Wipro Limited 1QFY2017 Results by Ms.Sarabjit Kour Nangra (VP Research- IT, Angel Broking) 

Wipro (CMP: INR 549 / TP: Under Review /Upside:)

“For 1QFY2017 the company posted results below expectations on the net profit front. The company posted a 2.6% sequential growth in USD IT services revenues to end the period at US$

Japan manufacturers may cut profit targets on post-Brexit yen surge - Reuters poll

By Chris Gallagher

TOKYO - Nearly four in 10 Japanese manufacturers say they may cut their annual earnings targets in the wake of Britain's decision to leave the European Union, fretting about the impact of a surge in the safe-haven yen, a Reuters poll showed.

Worries were particularly acute at major exporting industries with 61 percent of electronics firms and 57 percen

Brexit dents global economic outlook, fiscal stimulus ahead - Reuters poll

By Rahul Karunakar

Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed.

Broad worries about political risks are also on the rise everywhere and not restricted just to Brexit'

Religare s Note on ACC- Ambuja Merger by Mihir Jhaveri, Director- Institutional Researce - RCML

Below is the views on Religare’s  Note on ACC- Ambuja Merger by Mihir Jhaveri, Director- Institutional Research, Religare 

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday paved the way for Ambuja Cements to acquire a 24% stake in its holding company, Holcim (India), a move which would lead to an outflow of Rs 3,500 crore from India and be

India economic growth to remain solid, only one rate cut likely: Reuters poll

India's economy will hum along at a solid pace for the remainder of this fiscal year provided structural reforms are passed, while above-target inflation means the Reserve Bank of India will only cut rates once more this year, a Reuters poll found.

The poll of over 30 economists, taken in the past week, showed Asia's third largest economy will expand 7.8 percent in the fiscal

Internet links biggest fear for Indians on the move: Survey

Not high roaming bills but the lack of internet connectivity is the biggest fear of Indians while travelling, a survey revealed on Wednesday.

Nearly 34.5 per cent of people feared the lack of mobile network while travelling while just 6.9 per cent are afraid of high roaming bills, said the survey conducted by web brower Opera and lifespan accommodation company Wudstay.

POLL - British slide into recession to force BoE's hand next month

By Jonathan Cable

LONDON - Britain's economy will slide back into recession in the coming year, forcing the Bank of England next month to cut interest rates and start purchasing bonds again to support growth, according to a Reuters poll of economists.

Britain's June 23 vote to quit the European Union sent shockwaves through global financial markets and economists par

We maintain Neutral rating on UltraTech Cement Ltd By Mr. Siddharth Purohit - Angel

Below is the views on UltraTech Cement Ltd 1QFY2017 Results By Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking Pvt Ltd) 


 “Ultratech cement reported good set of results for the quarter. Though volumes grew by 6% YoY, realisations remained under pressure, which was on expected lines. Higher operating leverage and

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