Infrastructure Sector Update - Equirus Sec

Nitin Gadkari invites UAE investors for infra development

Union Minister Nitin Gadkari called on the UAE and NRI investors to be part of the two mega initiatives Sagarmala and Bharatmala worth of INR 24 lakh Crs. Addressing the India UAE Partnership Summit via a video message, India is one of the fastest growing economies in the world and Prime Ministe

8/11/2017 2:17:40 PM | Posted in Broking Firm Views - Sector Report read full news
Demonetisation failed litmus test as most banned notes returned

The litmus test for the success of any demonetisation is the amount of cash that does not return to the banking system. For long, economists and observers were intrigued by the refusal of the RBI to share data on SBNs (Specified Bank Notes) returned to banks after December 10, 2016.

Information on SBNs returned was important because any amount not returned to the banking system was su

One year of being `Trump`ed and De`Modi`tized

One year of being 'Trump'ed and De'Modi'tized 

November 8th, 2016 was a momentous day which many globally as well as in India will never forget.  

Donald Trump won a landmark election on November 8th, 2016 and went on to become the 45th President of the United States of America.  NarendraModi made a landmark decision effective November 8th

Demonetisation impact on Equity By Mr.Nilesh Shetty

DeMo impact on Equity :Mr.Nilesh Shetty, Associate Fund Manager:

The Demonitisation exercise launched by the NDA government on Nov 8, 2017, has now become a text book case of how not to execute a currency recall.  Corporate India sitting on freshly expanded capacities and having faced two years of weak demand in FY15 & FY16, due to failure of monsoons

Expectation swing keeps markets elevated - ICICI Sec

India outperforms EMs as Q2 earnings and macro-economic indicators stabilise: Indian equities continue to make new highs outperforming the MSCI EM index since mid-October by 3.4% in USD terms. We believe the outperformance largely reflects the swing in expectation from declining growth and downgrades to stability in earnings revision and growth outlook.

Views on surge in Global crude prices by Ajay Bodke - Prabhudas Lilladher

Below Is the View On surge in global crude prices and rise in import bills by Mr Ajay Bodke, CEO & Chief Portfolio Manager, Prabhudas Lilladher

"India needs to keep a cautious eye on the surge in global crude prices as every $1 per barrel rise in crude prices leads to its import bill rising by $ 1.33 billion. Also, a rising import bill can put downward pressu

Labor force participation ratio holds the key - Motilal Oswal

How can India reap its demographic dividends?

Labor force participation ratio holds the key

* At a time when other major economies are (or will soon be) experiencing an aging population, the opportunity for India to increase its foothold in the global economy is immense, if it is able to exploit its demograp

Y.V. Reddy disapproves of RBI's insolvency stick to tame NPAs

The Reserve Bank of India's (RBI) move to direct banks to take major debt defaulters through insolvency route to tackle non-performing assets (NPAs) was "not correct" in principle, former RBI Governor Y.V. Reddy said on Friday.

"It is essentially a problem of the public sector banks (PSBs), which are owned by the sovereign. In a way, asking RBI to take the initiativ

Small, medium firms were limping back when GST added to pain: Stakeholders

The backbone of India's manufacturing sector -- micro, small and medium enterprises (MSMEs) -- had not yet recovered from the demonetisation move when the Goods and Services Tax (GST) came in to add to the pain, according to industry stakeholders.

"The base of the MSME pyramid is comprised of informal sector, which has traditionally done business in cash. With withdrawal of c

Nifty up 5.6% in October - Motilal Oswal

* Momentum continues unabated: Nifty rose 5.6% in October – the second-highest increase in 19 months – led by positive local and global news flows, strong domestic liquidity, and the government’s announcement on PSU Bank recapitalization. Beaten-down sectors like PSU Banks and Telecom have been the key outperformers in October. FIIs turned net

A strong move on Wednesday was followed by a flat session - Angel Broking

Below Is The View On Daily Market Wrap Up by Mr. Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking Pvt Ltd)

A strong move on Wednesday was followed by a flat session as we saw Nifty oscillating within a slender range of 41 points post the subdued opening. In technical terms, this price activity can be called as an ‘Inside Day&

Bank of England hikes rates for first time in a decade, sees only gentle rises ahead

LONDON - The Bank of England raised interest rates for the first time in more than 10 years on Thursday and said it expected only "very gradual" further increases over the next three years.

The BoE said its nine rate-setters voted 7-2 to increase its benchmark Bank Rate to 0.50 percent from 0.25 percent, reversing the emergency cut made in August 2016, short

Bank employees shouldered worst impact of demonetisation: Unions

 As bank customers suffered by waiting in long queues to withdraw their money from November onwards last year, another group of people -- bank employees -- endured the hardship of extended work hours and customer anger.

The employees, say bank unions, bore the major brunt of the sudden decision announced on November 8 last year by the Prime Minister.

"Banking perso

Analysts give thumbs up to New India Assurance IPO

MUMBAI,  India’s largest general insurance company New India Assurance Company Limited’s (NIA) IPO that opens for subscription on Wednesday as a part of the Government’s disinvestment programme for this fiscal has received ‘subscribe’ recommendations from several broking houses. 

The company, which operates in 28

Subscribe On The New India Assurance Company Ltd - Reliance Sec

Undisputed Leader in India’s General Insurance Space

The New India Assurance Company (NIA) – a state-owned general insurer enjoys 15% market share in terms of gross direct premium among general insurers in India. Witnessing 15.2% CAGR through FY13-FY17, its gross written premium increased to Rs192.3bn. NIA has a presence in 28 countries thr

We maintain our BUY rating on Lupin Ltd Q2FY2018 Results - Angel Broking

 Below Is The View On Lupin Limited Q2FY2018 Results By of Ms. Sarabjit Kour Nangra (VP Research- Pharma, Angel Broking Pvt Ltd)


“The company posted lower than expected sales, while EBDITA and net profit came in higher than expected. In rupee terms, revenues came in at INR 30,541cr V/s INR 3,874.2cr, down 8.0% YoY.

India Strategy : Weekly outlook - ICICI Sec

Reality check on market valuations

* Has the market ‘jumped the gun’ on growth outlook? Equity markets are anticipating earnings growth to recover at a robust pace and, given the current valuations, there is no margin for error on that front. So far, 21 Nifty companies (free float weight of 54.5%) have declared thei

Ball in minister`s court after GEAC revises minutes of GM mustard meet

The Genetic Engineering Appraisal Committee (GEAC) has uploaded a revised version of the minutes of its meeting on genetically-modified (GM) mustard, which puts the onus for acceptance or rejection of its recommendation on Environment Minister Harsh Vardhan.

The new version reflects what GEAC Chairperson Amita Prasad had said had actually transpired at its meeting on 11 May th

Ease of doing business remains a major concern: Sunil Mittal

Sunil Mittal, the head of the largest telecom operator Bharti Airtel, has said ease of doing business still remains a "major concern" and urged the government to do more, reported PTI. "The ease of doing business remains a major concern. I know government is very focused on this, the PM wants our ranking to go up.

You come out with fantastic policies," Mittal said.

Demonetisation was blessing for realty sector, RERA and GST will clean it up

Though the government's radical measure of demonetisation has disrupted the economy and has hit the real estate sector -- already reeling under prolonged slowdown -- it will turn out to be a blessing in disguise in the medium-to-long term.

As an asset class, real estate has been a big source of generating and consuming black money. The cash component in real estate has been there

Economic growth doesn`t guarantee social progress

Since the recent growth figures disclosing the deceleration in the Gross Domestic Product (GDP) have been made public, the debate among policymakers and economists in India is revolving around the economic slowdown -- garnering unwarranted criticism for the current government as this variability in the growth rate is a regular trend for developing economies.

The Indian economy has its

PSBs to benefit from large recapitalization, says Fitch Ratings

The Indian government's announcement of large recapitalisation plans for state banks is a significant change from the drip-feed approach pursued over the last few years and should help to address the capital shortages that are a major negative influence on the Viability Ratings of the banks, says Fitch Ratings. State banks will now receive Rs 2.11 trillion (USD32 billion) in new capital ove

Aluminium is taking its number one position in the base metals space - Angel

Below Is The View On  Aluminium rules the commodity charts By Ms. Kaynat Chainwala (Research Analyst- Base Metals, Angel Commodities Broking Pvt Ltd)


 “Aluminium is taking its number one position in the base metals space and probably the best amongst the non agri commodities spectrum quite seriously as supply concerns behind the rally

26/10/2017 3:00:03 PM | Posted in Commodities Reports read full news
Banking Sector Update - Kotak Sec

Capital bazooka. In a surprising but positive move, GoI has announced a massive capital infusion program of `2.1 tn, mostly frontloaded, into public banks. We expect resolution on NPLs to accelerate as banks mark down their impaired loans but growth may not rebound immediately. We prefer to remain invested in our preferred stocks such as SBI, ICICI Bank and poss