Markets are headed to 7000 from here, double digit Earnings increase in good Indian companies helping the fast and even rerating of Indian markets after a stuck up score since 2004 The Bank Earnings season headliner is missing from our content factory this quarter but that is because of our personal time commitments. HDFC Bank
High Net worth Investors (HatTip:ETNow) with skin in the game from INR 20 mln to INR 100 mln have been activated by the markets, letting them make record highs on Monday on the move to 6800 as Institutions duck out of India to take another look at other Asian markets not doing well. It remains
The markets are evenly poised again after a quick Monday morning move to 6800. Indices like the Banknifty however went thru a minor break in the week past and recovered only on Friday to 12850. SBI for example is the key to many hidden not so good fundamentals stories the markets wanted to slide past
And that would be less than 50 points on the nifty – 20 percent 50 points, 1 percent 100 points – as vix moves from 30 overnight to 45 levels within a week. Most of the correction would resize and realign the banknifty composition again at 12850 overnight.
Given Pfizer and US Authorities continuing crackdown on drugs from India ( Pfizers fake drugs lab featured Ranbaxy on Bloomberg yesterday, 100M users (see ET) did not vote for Ranbaxy and founder Dilip Sangvi definitely has an uphill task trying to convert his $4 B revenue acquisition of Ranbaxy into a paying deal. The price
Though the trend is no longer on the up and up, BS revealing that IT and Pharma earnings have reached 20% of India Inc scorecards in 2013, doubling in 3 years on the depreciation dragon that caused a 14% run on the rupee just in the December Quarter. Meanwhile the Rupee is ratcheting back to
Gavaskar will probably take over as BCCI chief for the IPL 7 “bat-arounds”(Whack-a-mole) as CSK and Rajasthan Royals shutdown could see sentiment spillover to cash equities and a 30 edition IPL in the UAE as suggested by the Supreme Court a body blow to the sport. India Inc in the meantime continues to enjoy a