Government announcements for the building of new roads, railways, and other capital expenditure (capex) projects may have hit an all-time low, according to numbers for the December quarter.
Posts tagged Rediff
Budget ’24: Realty players’ high-rise expectations (10-01-2024)
During 2023, the Indian real estate sector – both housing and commercial – witnessed buoyancy fuelled by demand, supply, and absorption, and the sector is banking on the upcoming Budget to keep the momentum going. Mumbai-based Sattva Group wants the government to focus on the critical pillars for long-term growth. The company emphasised on the infrastructure boom with increased allocation, lower goods and services tax (GST) rates, incentives for affordable housing and single-window clearance to fast-track projects and support liquidity.
‘Don’t shun midcaps, smallcaps…’ (10-01-2024)
‘What will matter in 2024 from the market standpoint is the direction of interest rates globally, as well as in India.’ ‘The results of the general elections will also be keenly watched.’
Time To Be Cautious In Bull Market (10-01-2024)
A piece of slightly negative news can cause a serious setback, warns Debashis Basu.
Plans afoot for Noida-like city in UP’s Bundelkhand (09-01-2024)
Noida was conceived in the 1970s and went on to transform the Western UP’s landscape for good. Akin to the New Okhla Industrial Development Authority (Noida), the Yogi Adityanath government has instituted the Bundelkhand Industrial Development Authority (BIDA) with its epicentre in Jhansi.
Sensex loses steam on fag-end profit-taking (09-01-2024)
Among the Sensex firms, Larsen and Toubro, Bharti Airtel, HCL Tech, Tata Motors, Sun Pharma and Tata Steel were the major gainers. On the other hand, Nestle, Asian Paints, Bajaj Finserv, HDFC Bank and Axis Bank were among the laggards.
Oil imports from Russia likely to decline this year (09-01-2024)
Indian imports of Russian crude oil may stabilise or even decline in 2024 from record 2023 levels amid shrinking discounts, lower output, and a rebound in West Asian supplies, according to the ship-tracking data and industry executives. This may impact the billions of dollars in annual savings that India made last year. Imports of Russian oil jumped by a record 140 per cent in calendar 2023 to 1.79 million barrels a day (b/d) from 740,400 b/d in 2022, when Russia marched into Ukraine in February, and from just 102,000 b/d in 2021, according to the data from Paris-based market intelligence agency Kpler.
MFs’ equity buys defy market; hit Rs 1.7 trn in 2023 (09-01-2024)
Mutual funds’ equity buying remained elevated for the fifth consecutive month in December, taking the net equity purchase past Rs 1.7 trillion in 2023. The aggressive buying in December indicates that flows into equity funds are likely to have remained unaffected by the sharp run-up in the market last month. Mutual funds (MFs) bought equities worth Rs 23,000 crore last month (until December 28) compared to Rs 18,000 crore in November, shows data from the Securities and Exchange Board of India (Sebi).
Record FPI inflows in debt market mark over 6-yr high (09-01-2024)
Foreign portfolio investors’ (FPIs’) net investments in the domestic debt market surged in December, marking a 77-month high, that is, since July 2017. According to market participants, this significant uptick in FPI inflows can be attributed to the post-domestic policy outcome and the US Federal Reserve’s dovish stance at the December policy. FPI inflows into debt stood at Rs 18,393 crore in December against Rs 14,106 crore in November, according to data on the National Securities Depository Limited.
Will RBI Governor Get An Extension? (09-01-2024)
‘After a long time, we have a governor who is approachable. The RBI’s interactions with us are now much better.’