After a blockbuster rally following the budget, markets is losing sheen. Most recently, there are fresh concerns over rising number of covid cases leading to fears of a deeper impa ... Read more
After a blockbuster rally following the budget, markets is losing sheen. Most recently, there are fresh concerns over rising number of covid cases leading to fears of a deeper impact on economy. Adding to those uncertainties is the fear of rising global inflationary risks as crude prices have been on the surge. The sell-off in equities worldwide is also following a sudden rise in 10-year bond yields across the globe. So, now as we are approaching FY22, the question is what are the top sectors to bet on in the new fiscal? To discuss that, Mint's Nasrin Sultana is joined by Satish Ramanathan, MD & Chief Investment Officer – Equity, JM Financial Asset Management. Read more
Corporate earnings grew at a robust pace in the December quarter even as the overall economy has not yet completely recovered from the brutal covid blow. Now that q3 earnings sessi ... Read more
Corporate earnings grew at a robust pace in the December quarter even as the overall economy has not yet completely recovered from the brutal covid blow. Now that q3 earnings session is almost over and the Union budget for FY22 is behind us, the key question is what are stock markets focusing on as benchmark indices are hitting record highs day after day. To discuss that Mint's Nasrin Sultana is joined by Santosh Singh, head of research, Motilal Oswal Asset Management Company. Read more
The Indian Budget for FY22 marks a clear change in the government stance from being fiscal conservative to growth focussed. Higher expenditure is geared towards capex while the gov ... Read more
The Indian Budget for FY22 marks a clear change in the government stance from being fiscal conservative to growth focussed. Higher expenditure is geared towards capex while the govt seems committed to reforms like strategic disinvestment including PSU Banks, higher FDI in insurance, and most importantly new asset reconstruction company for bad-loan cleanup. Now the question is will the recovery get a further push by these provisions in the budget? What does the budget hold for banks and the financial sector? To understand that Mint's Nasrin Sultana is joined by Avneesh Sukhija, Senior Financial analyst, BNP Paribas. Read more
With the Indian economy set to contract in FY21 and fiscal deficit to rise due to covid induced pain what are the big announcements markets are expecting from the FM this year. Ana ... Read more
With the Indian economy set to contract in FY21 and fiscal deficit to rise due to covid induced pain what are the big announcements markets are expecting from the FM this year. Analysts say that the key focus of government in this budget would remain on growth with a clear focus on capex revival and manufacturing, boosting healthcare and sanitisation. Would this set the tone for bigger directional change for inclusive growth? How will the markets react if there are negative surprise in the budget? To discuss that Mint’s Nasrin Sultana is joined by Pankaj Pandey, Retail Research Head, ICICI Direct. Read more
The fiscal trend during FY21 turned a corner in the October-December quarter with sequential improvement in revenues, particularly in GST and income tax collection, alongside alrea ... Read more
The fiscal trend during FY21 turned a corner in the October-December quarter with sequential improvement in revenues, particularly in GST and income tax collection, alongside already-elevated excise duty collections helped by higher petroleum taxes. With pandemic risks largely capped for now, India has experienced a faster-than-expected pace of economic normalization. However, at the end of November the government’s fiscal deficit soared to 135.1% of FY21 Budget Estimates (BE). So, the crucial question is how will the FM tackle the pesky issue of fiscal deficit in the budget. Will the budget lean towards fiscal prudence? To discuss that Mint's Nasrin Sultana is joined by Aditi Nayar, Principal Economist, Icra. Read more
India Inc. is expected to stay on the earnings growth path supported by the festive season and a revival in economic activity from the sluggishness when the country faced tighter p ... Read more
India Inc. is expected to stay on the earnings growth path supported by the festive season and a revival in economic activity from the sluggishness when the country faced tighter pandemic-related curbs. The profit bounce in most companies is also likely to be driven by aggressive cost cuts and the lag effect of lower input prices. So, are corporate earnings which have been depressed for many years showing reasonably strong growth? Or, are we entering into an earnings upgrade cycle which will drive markets going forward. To discuss that I am joined by Mahesh Patil, Co-Chief Investment Officer, Aditya Birla Sun Life AMC. Read more
The year 2021 is expected to be a better one for markets with likely strong recovery in both economy and earnings compared to a covid-hit 2020. Markets have not only recovered from ... Read more
The year 2021 is expected to be a better one for markets with likely strong recovery in both economy and earnings compared to a covid-hit 2020. Markets have not only recovered from over a 20% slump in March last year but also hit record highs multiple times in 2020. Both the BSE Sensex and Nifty gained 15-16% in the year, the best yearly performance of the Indian markets since 2017 when benchmarks surged 28%. So, what will be the big trends to watch out for in stock markets in 2021? To discuss that, Mint's Nasrin Sultana is in conversation with Vinit Sambre, Head of Equities, DSP Investment Managers. Read more
The year 2020 has been historically a tough year as the pandemic struck economies in an unprecedented way. The volatility and uncertainty sparked by COVID-19 pushed Indian rupee to ... Read more
The year 2020 has been historically a tough year as the pandemic struck economies in an unprecedented way. The volatility and uncertainty sparked by COVID-19 pushed Indian rupee to hit a record high of 76.90 against the dollar, but the infusion of excess liquidity by both government and central bank across the globe supported the risk appetite and reversed the uptrend. The Indian rupee weakened 3% against the dollar in 2020, making it the worst-performing currency among Asian peers. So, what’s the way forward for Indian currency in 2021. To discuss that, Mint’s Nasrin Sultana is in conversation with Rahul Gupta, head of research- currency, Emkay Global Financial Services. Read more
Despite the serious impact of the covid-19 pandemic on the Indian and global economy, the year 2020 is ending on a positive note for stock markets investors. Markets are at a new h ... Read more
Despite the serious impact of the covid-19 pandemic on the Indian and global economy, the year 2020 is ending on a positive note for stock markets investors. Markets are at a new high as we are set to enter 2021. However, it is a foreign liquidity-driven rally and how long will this rally last in Indian markets in 2021. To discuss that, Mint's Nasrin Sultana is joined by Saion Mukherjee, head of India equity research, Nomura. Read more
As overall markets gained massively from the March lows, mid and smallcap stocks saw a blockbuster rally in the last nine months after covid outbreak. After the markets crashed in ... Read more
As overall markets gained massively from the March lows, mid and smallcap stocks saw a blockbuster rally in the last nine months after covid outbreak. After the markets crashed in March, BSE Smallcap index rallied 97% and BSE Midcap jumped 81% outpacing both Sensex and Nifty which have gained around 75% in the period. Earnings revival in these smaller stocks is also picking up. So, is the euphoria around mid and smallcap stocks a mere irrational exuberance or do these stocks have any fundamental support? How will mid and smallcap stocks perform in 2021? To understand that Mint's Nasrin Sultana is in conversation with Amit Khurana, Head of Equities, Dolat Capital. Read more
