News

Not just tomatoes: Wider range of food items drive 7%-plus inflation Staples like cereals and pulses are unlikely to offer relief in the near term amid hardening international prices and subdued sowing domestically. This raises the likelihood of inflation remaining above 7 per cent in August, said a research report by broking firm, Prabhudas Lilladher. In July, India witnessed a surge in CPI inflation, reaching a 15-month peak at 7.44 per cent, a significant jump from June's 4.81 per cent. This reveals two primary insights for July's inflation na...
Not just tomatoes: Wider range of food items drive 7%-plus inflation
Not just tomatoes: Wider range of food items drive 7%-plus inflation
Source: IANS
27/08/2023 10:20:08 AM
Consumer demand is shifting from goods to services suggests contraction in demand for durables The contraction in demand for consumer durables in Q1 FY24 versus the average of FY23 seems to suggest that consumer demand is shifting from goods to services and, therefore, this could be a structural rather than cyclical trend, says Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares and Stock Brokers. Despite growth being low, modest momentum in staples seems to suggest recovery in rural demand. The 3.7 per cent IIP growth in Jun’23 was below expectation and...
Consumer demand is shifting from goods to services suggests contraction in demand for durables
Consumer demand is shifting from goods to services suggests contraction in demand for durables
Source: IANS
14/08/2023 3:39:07 PM
The 25 basis points rate hike by the Reserve Bank of India today has been in line with the consensus expectations Says Sujan Hajra, Anand Rathi Shares & Stock Brokers Below is quote on RBI Monetary Policy by Sujan Hajra - Chief Economist and Executive Director, Anand Rathi Shares & Stock Brokers “The 25 basis points rate hike by the Reserve Bank of India today has been in line with the consensus expectations. We, however, felt the possibility of a rate pause this time around was at least 50%. On the inflation front, the major softening in India post April 2022 was there main reason for us to expect a standstill in this policy. O...
The 25 basis points rate hike by the Reserve Bank of India today has been in line with the consensus expectations Says Sujan Hajra, Anand Rathi Shares & Stock Brokers
The 25 basis points rate hike by the Reserve Bank of India today has been in line with the consensus expectations Says Sujan Hajra, Anand Rathi Shares & Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
8/02/2023 12:18:18 PM
India`s November retail inflation below 6% for first time this year India's annual retail inflation eased below its central bank's upper tolerance level for the first time this year in November amid a softer rise in food prices, surprising economists, with some expecting a pause in rate hikes. Annual retail inflation rose 5.88% in November from 6.77% in the previous month, government data showed on Monday. Analysts in a Reuters poll had predicted a November reading of 6.40%. Food price inflation, which accounts for nearly 40% of the consumer pri...
India`s November retail inflation below 6% for first time this year
India`s November retail inflation below 6% for first time this year
Source: Reuters
13/12/2022 9:53:46 AM
INSTANT VIEW India's November retail inflation eases to 5.88% y/y  India's annual retail inflation eased to 5.88% in November from 6.77% in the previous month, helped by a slower rise in food prices, government data showed on Monday. The Dec. 5-8 Reuters poll of 45 economists had predicted the second consecutive decline in inflation to an annual 6.40% from 6.77% in October. COMMENTARY SUJAN HAJRA, CHIEF ECONOMIST, ANAND RATHI, MUMBAI "Retail inflation and industrial production data released today came substantially below our and co...
INSTANT VIEW India's November retail inflation eases to 5.88% y/y
INSTANT VIEW India's November retail inflation eases to 5.88% y/y
Source: Reuters
12/12/2022 6:24:47 PM
The evolving situation would be a big positive for rate sensitives including banks, NBFCs and capital goods Says Mr Sujan Hajra, Anand Rathi Shares & Stock Brokers Below is quote on RBI Monetary Policy by Sujan Hajra - Chief Economist and Executive Director, Anand Rathi Shares & Stock Brokers Play the mirror image Earning expansion. After making a new high in the middle of October 2021, Nifty 50 took nearly 400 days to reach a new high (against the average of 23-days since 1990). Meanwhile, the TTM EPS of Nifty 50 has nearly doubled from ?450 in April 2021 to ?850 by November 2022. PE de-rating. The market correction between ...
The evolving situation would be a big positive for rate sensitives including banks, NBFCs and capital goods Says Mr Sujan Hajra, Anand Rathi Shares & Stock Brokers
The evolving situation would be a big positive for rate sensitives including banks, NBFCs and capital goods Says Mr Sujan Hajra, Anand Rathi Shares & Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
7/12/2022 2:13:17 PM
Instant View: India`s second-quarter GDP growth slows to 6.3% on higher prices India posted an economic growth of 6.3% in its July-September quarter, far slower than the 13.5% growth reported in the previous three months as distortions caused by COVID-19 lockdowns faded in Asia's third-largest economy. Government capital spending increased more than 40% during the quarter as the federal government stepped up expenditure on infrastructure from roads to railways, according to official data on Wednesday. The growth rate was above the 6.2% forecast by economists i...
Instant View: India`s second-quarter GDP growth slows to 6.3% on higher prices
Instant View: India`s second-quarter GDP growth slows to 6.3% on higher prices
Source: Reuters
1/12/2022 9:27:08 AM
PSB stocks on 52-week high riding on record profits, double-digit loan growth Public sector bank stocks have rallied more than 25 per cent post their stellar Q2 financial results with net profit jumping by 50 per cent. Union Bank of India stock price is up by 60.8 per cent over the last month among the PSU bank stocks. Bank of India is up by 56.1 per cent during the month while UCO Bank is up by 32.4 per cent. The Nifty PSU Bank index made a new 52-week high on Friday. The index was up by 21.35 per cent last month. Amber Pabreja, Founder and CEO of Trendlyne, ...
PSB stocks on 52-week high riding on record profits, double-digit loan growth
PSB stocks on 52-week high riding on record profits, double-digit loan growth
Source: IANS
19/11/2022 12:34:30 PM
Experts predict volatility in rupee likely to persist in the short term  The dollar index is at a two-decade high, reflecting the ongoing interest rate hikes by US Fed and the continuing geo-political risks. Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: "Along with the expanded trade and current account deficit, such an environment has kept the pressure on the rupee which continues to hover around 80. While the FII outflows have been arrested, the uncertainty on capital flows and the volatility in rupee are likely to...
Experts predict volatility in rupee likely to persist in the short term
Experts predict volatility in rupee likely to persist in the short term
Source: IANS
10/09/2022 2:13:46 PM
DIIs turned net sellers in August after 17 straight months of buying FII inflows were at the highest since January 2021, however, DIIs turned net sellers in August after 17 months of buying. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial, said FIIs have been enthusiastic about Indian markets since August 2022, despite noise surrounding the global cues. FIIs have bought more than Rs 20K crore in last 40 days. This has added to overall support in the domestic equities despite of global volatility. Further, fall in crude oil prices to se...
DIIs turned net sellers in August after 17 straight months of buying
DIIs turned net sellers in August after 17 straight months of buying
Source: IANS
10/09/2022 12:50:22 PM
Quote on RBI Monetary Policy : The 50 bps rate hike by the Reserve Bank of India today Says Mr Sujan Hajra, Anand Rathi Shares & Stock Brokers Below is quote on RBI Monetary Policy by Sujan Hajra - Chief Economist and Executive Director, Anand Rathi Shares & Stock Brokers The 50 bps rate hike by the Reserve Bank of India today is broadly in line with the consensus expectations. Recent strong growth performance in India, the prevailing positive growth outlook and the perception that all central banks including the RBI is behind the inflation curve seem to have pushed the RBI to continue with faster normalization...
Quote on RBI Monetary Policy : The 50 bps rate hike by the Reserve Bank of India today Says Mr Sujan Hajra, Anand Rathi Shares & Stock Brokers
Quote on RBI Monetary Policy : The 50 bps rate hike by the Reserve Bank of India today Says Mr Sujan Hajra, Anand Rathi Shares & Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
5/08/2022 4:42:46 PM
Quote on RBI Monetary Policy By Mr Sujan Hajra, Anand Rathi Shares & Stock Brokers Below is quote on RBI Monetary Policy by Sujan Hajra - Chief Economist and Executive Director, Anand Rathi Shares & Stock Brokers The 50 bps rate hike by the Reserve Bank of India today is higher than our expectations of 40 bps rate hike. The measures today are consistent with sharply upwardly revised inflation and unchanged growth projections for the current financial year by the Reserve Bank. Also, continued high inflation, aggressive rate hike plans of the US Federal ...
Quote on RBI Monetary Policy By Mr Sujan Hajra, Anand Rathi Shares & Stock Brokers
Quote on RBI Monetary Policy By Mr Sujan Hajra, Anand Rathi Shares & Stock Brokers
Source: PR Agency
8/06/2022 11:32:07 AM