GROWTH SURPRISES
Infosys, Tech Mahindra among 6 IT stocks that could surprise positively in Q1 results: JM Financial
Stating that Tech Mahindra remains a ‘buy' on turnaround hopes while KPIT Technologies and Tata Technologies are structural bets on auto ER&D theme, domestic brokerage firm JM Financial believes that Q1 results for the IT sector could positively surprise the street.
AI: the supercharger for India’s MSMEs
Artificial intelligence (AI) is not only reshaping India’s landscape but also fostering economic growth through innovative tech solutions. According to Stanford University’s annual AI Index report, India saw the fifth highest investments last year in startups offering AI-based products and services.
Economic cracks are getting exposed in the 2024 market bounty
Dispiriting trends that have been visible for months now alongside the frenzy for megacap tech stocks and private credit – are on display yet again. Companies with dicey balance sheets have underperformed anew in June. Equal-weighted stock benchmarks where disruptive AI market leaders have the same weighting as industrial bellwethers have lagged yet again.
Are FIIs getting into a big buy mode in India? Dipan Mehta answers
On days of positive FII flows largecap stocks will do exceptionally well because those are the ones that they really are targeting and if FII buying, even FII selling, stops in some of the largecap index stocks, local money will ensure that the stock prices move up, says Dipan Mehta
Fund Manager Talk | PSU stocks in 3 sectors offer value for long-term investors: Charanjit Singh, DSP Mutual Fund
We expect the Government to remain focussed on infra investment even during the third term. Since FY21, the government has focussed on building infrastructure with central government expenditure rising from 1.7% of GDP in FY21 to 3.3% of GDP in FY24.
What is causing the wildfires in the US? You will be surprised to know
Grass which is ubiquitous is fueling the massive number of wildfires in the US. Climatic conditions are causing a large number of wild fires caused by the burning of grass.
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Milind Karmarkar on two sectors that may outperform in Modi 3.0
Power utilities have already done well and possibly they will continue to do well because there is growth in that sector. So, many of these companies are putting in new power plants and things like that. So, there is definitely growth in that sector.
Best Last minute gifts for father’s day to make this day special with quick and thoughtful surprises
From practical gadgets to thoughtful tokens of appreciation, the list offers a diverse range of options to suit every dad's preferences. Whether it's a sleek watch, a mobile phone with cutting edge technology, or a personalized accessory, these gifts are sure to make Dad feel special on his special day. With detailed descriptions and convenient purchasing options, the article aims to help readers find the perfect gift for their fathers, even with limited time to spare.
Turn the other cheek for a good old OTS
The Indian cultural phenomenon known as the 'One Tight Slap' (OTS) is more than just a simple gesture—it's profound in its simplicity. It transcends mere physical action; it's the universal language of discontent, the hand's haiku, the palm's pushback.
As Modi 3.0 begins, where the economy stands, where it's headed
Narendra Modi is set to begin his third term as PM with a full-strength NDA team, amidst optimism for India's economic future. RBI Governor Shantikanta Das highlighted the country's robust economic growth, strong manufacturing sector, recovering rural demand, and promising investment activity. India's external sector remains resilient, with positive growth prospects ahead.
Global funds cautious on stocks after election surprise
Global funds were net short on over 280,000 index-future contracts and were long on over 100,000 put options contracts, according to provisional exchange data compiled by Bloomberg, indicating expectations for equities to fall further.
Another vote surprise! Dissent grows in RBI that has more 'elbow room'
RBI Monetary Policy: The Reserve Bank of India maintained key lending rates unchanged for an eighth consecutive time with a larger split in votes. Governor Shaktikanta Das emphasised the need for price stability in the growing economy. The unexpected vote split indicates a potential shift towards a rate cut in future policies, though 'greater elbow room' for price stability may not demand an immediate cut. The RBI's stance aligns with market expectations, with a focus on balancing inflation and growth. Despite robust economic growth, inflation remains a concern.
We don't expect rate cut in 2024 unless growth or inflation surprises on downside: Tanvee Gupta Jain
I think the political outcome was suggesting that there is kind of a weak sentiment at the lower end of the income pyramid. And whether we accept it or not but India has seen a K-shaped consumption recovery post the pandemic. So, most of the high frequency data that we track are clearly indicating that affluent, premium segment demand in India has been doing well.
Valuations in PSU capital goods, infra & defence remain expensive: Pratik Gupta
The macro environment is extremely stable, whether it is the fiscal deficit, the current account deficit, inflation, forex reserves, so that is really one of the big attractions for both global as well as domestic investors.
India’s GDP growth under Modi govt fetched it global fame, but why did it leave the desi electorate unimpressed?
Despite an 8.2% economic growth in 2023-24, India’s incumbent government didn't gain the expected electoral advantage due to a jobs crisis. While GDP rebounded swiftly post-Covid, formal job growth lagged. A rise in self-employment highlights insufficient job opportunities, reflecting the weak link between GDP growth and quality employment. In poorer regions like eastern UP, north Karnataka, and east Maharashtra, stagnant incomes and inflation further worsened living standards.
China's factory activity growth hits 2-year high, Caixin PMI shows
The Caixin/S&P Global manufacturing PMI rose to 51.7 in May from 51.4 the previous month, marking the fastest pace since June 2022 and beating analysts' forecasts of 51.5. The 50-point mark separates growth from contraction.
Economy expands 7.8% in Q4, lifting FY24 growth to 8.2%
This is the highest annual growth since FY17, excluding the 9.7% post-Covid rebound in gross domestic product (GDP) in FY22 after the 5.8% contraction in FY21. The advance estimate released in February had pegged FY24 growth at 7.6%. Economists and government expect the high growth to continue though tepid private consumption remains a concern.
Markets to get surprised on the positive side if the NDA numbers are closer to 400: Manish Sonthalia
Manish Sonthalia, CIO at Emkay Investment Manager, discusses potential dark horses in commodities, specifically metal, and highlights sectors like public sector units, BFSI, banks, and IT performing well this year. sonthalia says everything seems to be priced into perfection or more than perfection when it comes to the extreme short term or even the short term.
India's hair, groundnut oil exports witness surprise surge
Since the onset of the COVID-19 pandemic in 2020, the Indian government has implemented the "China Plus One" strategy to attract global manufacturing giants like Apple and Samsung to establish operations in India. While the primary focus has been on increasing exports of smartphones and other high-value products, there has been significant growth in other export sectors as well.
Asia shares rise on rate cut bets; RBA seen turning hawkish
Demand will be tested at a $58 billion three-year note auction on Tuesday, which is followed by $42 billion in 10-year sales on Wednesday and $25 billion of 30-year sales on Thursday.
Pakistan 'ashamed': PM Shehbaz Sharif 's surprising admission on Bangladesh's economic rise
Shehbaz Sharif strategized with Karachi's business community, referencing Bangladesh's industrial progress. Discussions covered political stability, economic growth, and potential IMF funding for a staff-level agreement, a larger loan, and addressing the balance of payment crisis.
Expecting no negative surprises from elections; focus to be on defense, capex in Budget: Prateek Agrawal
We have embarked on a very strong Make in India initiative. So, for example, something like electronics, cell phones, etc, are getting manufactured in the country.
Biased towards large and large midcaps in terms of incremental allocations: Gurmeet Chadha
Gurmeet Chadha discusses varying valuations, smallcap index trends, Blinkit's potential, HDFC Bank's performance, and potential earning surprises in textiles, defense, space sectors, and chemicals amid the earnings season. Chadha says selectively tracking textiles players like Gokaldas who have done acquisitions and added capacities. He is also looking at some defence and space names like Zen Technologies.
CBSE disaffiliates 20 schools for enrolling dummy students; 5 of them in Delhi, 3 in UP
The disaffiliated schools include Sidhhartha Public School, Bharat Mata Saraswati Bal Mandir, National Public School, Chand Ram Public Senior Secondary School and Marigold Public School in Delhi, Loyal Public School (Bulandshahr), Trinity World School (Gautam Buddh Nagar), Crescent Convent School (Ghazipur) in Uttar Pradesh, Prince UCH Madhyamik Vidyalaya (Sikar) and Global Indian International School, (Jodhpur) in Rajasthan.
Howard Marks insights on the story behind surprises and market cycles
However, the year 2023 has been especially impressive for financial markets, which have demonstrated resilience and growth in the face of global uncertainty and problems.
Is the big upside surprise in GDP growth sustainable? Radhika Rao of DBS Bank explains
Radhika Rao, Sr Economist & Executive Director, DBS Bank, analyzes the divergent GDP number of 8.4% and its implications for the economy. She discusses the performance of different sectors, the gap between GVA and GDP, and why it is necessary to consider backward revisions and inflation targets so that we might see real GDP adjust lower.
ETMarkets Fund Manager Talk: Why this Rs 35000 cr asset manager sees limited scope for growth surprises in 2024?
Shankar Raman says: "While there could be some anxiety around political outcomes, extreme outcomes seem unlikely. As such, if global conditions, especially on liquidity, remain stable, funds may be wary of the risk of sitting out (being in cash) rather than being invested. If so, they may not choose to take large cash calls ahead of the elections."
ETMarkets Fund Manager Talk: 2024 could be a period of lower returns compared to 2023, says this Rs 22,000-crore fund manager
Niket Shah says: "2024 could be a year of lower returns as compared to 2023. This is because some of the tailwinds which caused this year’s outperformance (lower oil prices, easy domestic liquidity, certainty on political front) are likely to be missing next year. Nonetheless, given that we should see lower interest rates next year it should result in 8-10% returns for 2024 which will be lower than 2023."
ETMarkets Fund Manager Talk: This Rs 3 lakh crore asset manager sees market returns tracking earnings growth in 2024
Mahesh Patil says: "As the market starts to factor in rate cuts, and dollar weakens, one should expect FII allocations to India also improve as India offers the best growth amongst all major economies. With Nifty valuation only marginally above the long-term average, we expect market returns to be tracking overall earnings growth."
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