RBI reviews working of MCLR - Motilal Oswal

RBI reviews working of MCLR

The unsatiated desire for perfect lending rate regime

 

RBI reviews working of MCLR – earnings/margin volatility to increase

The RBI working group has found monetary policy transmission to be inadequate under the current MCLR/base rat

Telecom sector critical, needs urgent govt help: Experts

Not just fiscal policy support but a structural one is needed to ease the massive debt burden which is "slowly strangulating" the telecom sector, opined experts.

Industry observers stated that at stake is not only the telcos ability to employ manpower and resources for introduction of next-gen communication technology, but severe consequences for lenders and nearly 150,000 j

Fed must hike rates in face of hot U.S. labor market: Eric Rosengren

MONTREAL - The Federal Reserve must respond to "very tight" U.S. labor markets by gradually raising interest rates or risk halting the economic recovery, a hawkish Fed official said on Saturday.

In prepared remarks that largely restated his views, Boston Fed President Eric Rosengren said he expects the labor market to improve further after U.S. unemployment

Q2FY18 results preview - ICICI Securities Ltd

Paint companies reported muted volume growth in Q1FY18 due to destocking in the channels during GST transition in Jun’17. In Q2FY18, our channel checks suggest sequential improvement in volumes, albeit not fully recovered as GST concerns still persist among certain dealers. East and North markets continue to stage relatively stronger performance while South continues to report low single-

Indian stock market outlook solid but gains to slow on economic woes: Reuters poll

BENGALURU - Indian stocks are set to rise further over the coming year but will lag predictions from three months ago on worries shares have become too pricey and that the economy is headed for a rough patch, a Reuters poll showed.

The BSE Sensex, already up over 18 percent this year, is forecast to add another 3 percent by end-2017 to 32,500 from Tuesday's close

Policy rates by RBI was in line with consensus expectations - Kotak

Below views on RBI Monetary Policy from Kunal Shah, CFA, Fund Manager - Debt, Kotak Mahindra Old Mutual Life Insurance Limited.

 "The status quo on policy rates by RBI was in line with consensus expectations. MPC has revised down the growth projections sharply to 6.7% from 7.3% for current year and also revised H2 inflation pro

RBI maintains status quo due to inflation worries - Angel Broking

Below is the View On Fourth Bi-Monthly Monetary Policy by Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking) 

“The RBI has left the key rates unchanged during its Fourth Bi-Monthly policy meet, which was largely as expected. The RBI is of the view that there is an upside risk to the

The repo rate was no surprise for the market - Kotak

Below the views on RBI Monetary Policy by Lakshmi Iyer, CIO (Debt) & Head – Products, Kotak Mutual Fund:

"No change in the repo rate was no surprise for the market. Markets had largely priced in this stance and thus the reaction was relatively modest.  The market will now increasingly begin to watch the gilt demand-supply equat

Expert views: RBI keeps repo rate unchanged as expected

 The Reserve Bank of India kept its policy rate unchanged at a near seven-year low of 6 percent on Wednesday despite a sharp slowdown in economic growth, after consumer inflation surged to a five-month high.

COMMENTS

VARUN KHANDELWAL, MANAGING DIRECTOR, BULLERO CAPITAL, DELHI

"Chances of a rate cut in the next few months

Movements in state-wise inflation amidst structural reforms - ICICI Sec

Movements in state-wise inflation amidst structural reforms

India witnessed two important structural reforms in the last one year – demonetization and GST. While both the reforms had different objectives, their impact on inflation and growth was also widely discussed. However, much of the discussion focused on headline numbers, often neglecting m

Auto sales numbers for the month of September - Angel Broking

Below is the View On Auto Company Sales by Mr. Shrikant Akolkar (Research Analyst- Automobiles, Angel Broking):

Ashok Leyland continues with strong growth in MHCV volumes

  Ashok Leyland September-17 volumes were better than expected. Total volumes grew by 27.5% yoy to 15,370 units vs. our expe

India Strategy - Fear Recedes - ICICI Sec

India underperforms in EM selloff

* Emerging Markets (EMs) underperform Developed Markets (DMs) across asset classes: Volatility was expected from the US Fed’s hawkish stance on interest rates and decision to start trimming the Fed balance sheet, which along with geopolitical risks resulted in EM currencies, bonds and equities la

Automobiles - Robust volume growth in festive season - ICICI Sec

Reason for report: Monthly volume analysis

Two-wheelers: Strong performance in festive season

* While major players Hero Motocorp (Hero), Honda Motorcycle and Scooters India (HMSI) and TVS Motors are yet to report volumes for September, indications from media suggest strong offtake.  

* As

Technology - Currency to help amid sluggish fundamentals - ICICI Sec

Sluggishness in the Retail and Banking & Financial Services (BFS) verticals in the US across the top-3 industry participants and company-specific challenges (healthcare for Wipro, IMS deferrals for HCL Tech) is likely to ensure that Q2FY18 is another lacklustre quarter for the Indian IT industry. Constant currency (CC) growth in revenues on an organic basis is expected to range between 0.5%

3/10/2017 11:46:57 AM | Posted in Broking Firm Views - Sector Report read full news
Fitch lowers India`s 2017-18 growth forecast to 6.9%

 International ratings agency Fitch on Monday lowered India's growth forecast to 6.9 per cent, as the country's GDP growth unexpectedly faltered in the second quarter of 2017-18 (2Q17).

The ratings agency had earlier pegged India's GDP growth at 7.4 per cent.

According to Fitch's Global Economic Outlook (GEO) report, the downgrade came after the country&

MCX Cotton Oct futures expected to close higher this week - Angel Commodities

“MCX Cotton Oct futures expected to close higher this week on reports of lower than expected domestic production forecasted by the government. As per latest data from Agricultural Ministry, the area under cotton across the country was at 122 lakh ha in 2017, up nearly 18.7% on year. Cotton area is higher than the normal of 114.9 lakh ha for the period, based on the average of last five ye

Reuters Summit: NSE aims for listing in second half of 2018

MUMBAI - The new chief executive of India's National Stock Exchange (NSE) told Reuters he does not expect the bourse's eagerly awaited listing to take place until the second half of 2018.

The exchange had originally planned to go public this year, in what could be one of India's biggest ever IPOs.

Vikram Limaye, who took the helm in July after he

Traders are advised to avoid any fresh longs and utilise bounce to form fresh short positions - Angel Broking

“We started-off today’s session on a slightly positive note; but, soon later fresh selling got attracted quite similar to past few trading sessions. Due to strong bout of selling in the second half, the Nifty eventually slipped below the 9750 mark on a closing basis.    

If we look at Nifty options activity today, we witnessed significant OI addition in 9700-9900

Buy Axis Bank Ltd For Target Rs.600.00 - Reliance Sec

STOCK IN FOCUS

* Axis Bank closed 2.2% higher as compared to 0.1% decline in benchmark NIFTY Index

* The Bank has started FY18 with positive surprise on asset quality front led by sequentially lower fresh slippages, moderation in credit cost along with stable overall asset quality.

* Fresh slippages declined to Rs35.2bn in 1QFY18 co

Rise in digital payments after note ban: Jefferies

Investment banking firm Jefferies has said that there is growth in digital payment mode by bank customers post-demonetisation whereas there has been a decline in usage of debit cards. As per reports, the RuPay adoption for e-commerce has increased while the growth of credit cards has been secular. Commenting on the issue, a Jefferies Official told the media, “The National Electronic Funds

IBC - Set to strengthen India`s insolvency framework - Equirus Sec

Key changes in the Insolvency and bankruptcy Code (IBC):

* IBC runs as a summary trial under a consolidated institutional framework with a resolution professional (RP) having unlimited liability, who oversees the resolution process. Proceedings can be initiated by financial/operational creditors and as well as corporates. The institutional framework w

Highlights of Reliance Capital`s AGM

Below are key Highlights of Reliance Capital’s AGM.   -  

 Anmol Ambani, Executive Director, Reliance Capital  

* Indian youths are craving change and are more open than their predecessors to innovation, experimentation and collaboration (social, economic, and cultural). They are ready for disruption across i

India Strategy: Risk-on environment dissipates - ICICI Sec

* Combination of events increases uncertainty:

 US Fed’s hawkish monetary policy stance and  decision to begin its balance sheet reduction program in Oct’17 along with rising geopolitical risks coincided with other domestic challenges for Indian equities, which include; (a) fears of combined fiscal slippage due to the state farm