GROWTH SURPRISES
What made Nomura turn bullish on Indian IT sector? Abhishek Bhandari answers
Nomura's bullish stance on Indian IT credits G2000 data stabilization, benefiting midcaps like Persistent, Coforge, and Birlasoft. Wipro's new CEO Srini stabilizes leadership and growth. Discretionary cuts stabilize; US rate cuts expected. Coforge-Cigniti deal boosts testing. Annuity-driven businesses grow. Banking portfolios, large deals vital. FY24 saw midcaps grow 10%+. QoQ growth set to improve.
Valuations are up... will profits keep pace?
The market's high valuations necessitate positive earnings surprises for comfort, with bond yields and investor sentiment influencing market trends significantly.
Modern markets demand more than historic valuations. A new era emerges
The Nifty trades at a high TTM PE of 23x, nearing historical highs. Mid-caps' 70% premium over large-caps is unprecedented. Despite disappointing recent events, fears of a looming market correction akin to past bubbles persist.
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.
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.
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.
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.
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.
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.
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."
Load More
