The world is slowing down and the US Federal Reserve is perhaps going to hike in December, so the markets will perhaps go nowhere for a while and that is okay, says Dipen Sheth of HDFC Securities
Posts tagged MC
Don’t see mkt going anywhere now; like Bharat Forge: Dipen (27-11-2015)
Dabhol plant won’t turn into NPA, says lender IDBI Bank (27-11-2015)
GM Yadwadkar, executive director, IDBI, a lender to the power plant, says starting of the business is a big positive for the industry.
Expect a 50% growth in loan book this year: SKS Micro (27-11-2015)
Dilli Raj, President, SKS Microfinance says demand for loans peaks out in the third and fourth quarters, and that increasing the ticket size of the loans will result in a fall in operating costs for the company
Bias toward $ strength; see Re at 67/$ in near term: HSBC (27-11-2015)
Paul Mackel, managing director – head of Asian currency research at HSBC, says though the dollar-rupee is high, volatility is low. However, in the near-term, he sees the rupee toughing the 67 per dollar mark.
Rs 20k cr worth crops lost due to Feb-Apr unseasonal rains (27-11-2015)
India may have to import 10 lakh tonnes of wheat in 2015-16 as about 68.2 lakh tonnes were lost due to unseasonal rainfall, the Centre for Science and Environment (CSE) said in its report, titled ‘Lived Anomaly’. In February-April 2015, standing crops on 182.38 lakh hectares or 29.61 percent of the entire rabi sown area were affected.
Mkt may touch 8050 in future; like Reliance: Deven Choksey (27-11-2015)
Deven Choksey of KR Choksey Investment Managers says Reliance Industries, particularly on the back of Reliance Jio launch, can rally and pull the market up.
Rev recognition of US deal to come in Q1FY17: Welspun Corp (27-11-2015)
With this deal, Welspun’s outstanding orderbook stands at 1 million tonne, says BK Mishra, Managing Director, Welspun Corp.
Nifty can fall at opening bell: Maximus Securities (27-11-2015)
Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could loose 5 points at the opening bell, says Maximus Securities.
See flat to negative opening: ICICIdirect (27-11-2015)
Nifty is likely to open flat to mildly negative on the back of mixed global cues. It is likely to trade in the range of 7870-7970, says ICICIdirect.
See slowdown in addition of NPLs for banks in FY16: Moody’s (26-11-2015)
The worst is over for the Indian banking sector is the word coming in from global rating agency Moody’s Investor Service. The agency believes there will be a sharp slowdown in the addition of stressed assets in FY16, helped by an improvement in the macroeconomic environment.