Capital goods

Booster shot to Indian defence sector from European Commission’s ReArm plan: HAL, BEL among 6 stocks to buy

by
Booster shot to Indian defence sector from European Commission’s ReArm plan: HAL, BEL among 6 stocks to buy

The European Commission has announced a major defence initiative, the ReArm Europe Plan, in response to the rising security threats. Analysts believe that the European defence spending will boost Indian defence stocks, particularly Bharat Electronics and HAL among others. Further, the government spending on infrastructure and capital goods remains strong, and private sector capacity expansion … Read more

FPIs go big on capital goods, consumer discretionary firms

by
FPIs go big on capital goods, consumer discretionary firms

ET Intelligence Group: Foreign investors are increasingly favouring India’s discretionary consumption and capital expenditure sectors, ramping up equity allocations in Asia’s third-largest economy following a brief pause. The capital goods sector saw the largest increase in weightage among major sectors, contributing 131 basis points to reach 5.71%. The auto sector’s portfolio weight rose by 115 … Read more

Markets optimistic but ‘mistakenly euphoric’, says Kotak Institutional Equities

by
Markets optimistic but ‘mistakenly euphoric’, says Kotak Institutional Equities

Mumbai: Kotak Institutional Equities said the Indian market continues to be a mix of being “rightfully optimistic and mistakenly euphoric“. The brokerage said parts of the market rightfully reflect the strength of the Indian economy and its long-term growth prospects, while the other parts reflect “extreme euphoria linked to baseless narratives.” Kotak said the market … Read more

Stocks that India’s top 5 mutual funds bought and sold last month

by
Stocks that India’s top 5 mutual funds bought and sold last month

With Nifty in a consolidating trajectory after hitting the 20,000-milestone in September, mutual funds are using the fresh inflow of funds to pick stocks from sectors like auto, utilities, consumer and insurance. AMFI data shows that money managers reduced stake in banks, IT, capital goods and metals in October. While the weight of private banks … Read more

Capital Goods, BFSI and IT top draws for foreign funds

by
Capital Goods, BFSI and IT top draws for foreign funds

Mumbai: Foreign portfolio investors sold shares worth ₹20,000 crore across 13 sectors between September 1 and 15, according to data from the National Securities Depository (NSDL). Mining, metals, power, oil and gas, telecom, and construction materials are among the sectors that saw foreign investors booking profits. After selling metals and mining shares worth ₹7,000 crore … Read more

ETMarkets Smart Talk: Infra, capital goods, BFSI, and auto sectors could be in limelight ahead of elections in 2024: Deepak Jasani

by
ETMarkets Smart Talk: Infra, capital goods, BFSI, and auto sectors could be in limelight ahead of elections in 2024: Deepak Jasani

“Infra, Capital Goods, BFSI, and Auto sectors could be in limelight ahead of elections although there are some concern areas in each of these sectors,” says Deepak Jasani, Head of Retail Research, HDFC Securities. In an interview with ETMarkets, Jasani who has over 16 years of experience said: “Indian markets are neither valued cheap or … Read more

Going long on infra can cement winning portfolio

by
Going long on infra can cement winning portfolio

The budget initiatives toward capital expenditure to boost urban infrastructure, housing, and transport sectors are expected to give a fillip to capital goods, industrials, metals, and cement stocks. Analysts anticipate infrastructure-led companies to see the benefits of the budget proposals in the second half of the next financial year and drive the re-rating of these … Read more

Here’s why Rahul Sharma is bullish on these 2 sectors

by
Here’s why Rahul Sharma is bullish on these 2 sectors

“Today is the sixth time probably when Nifty is trying to break this floor and even if it fails today I think there could be another round of bounce back which could take us back to 18,100 on the upside. So it is a bit tough to take a call,”says Rahul Sharma, .Let us not … Read more

Factory output in December sputters, grows at just 0.4%

by
Factory output in December sputters, grows at just 0.4%

India’s factory output sputtered in the month of December remaining almost flat with a meagre growth of 0.4 per cent. The overall output was dragged down by manufacturing as it contracted by 0.1 per cent. Electricity and mining output grew by 2.8 and 2.6 per cent respectively. Weakness in consumer durables shows that the economy, … Read more

FPI portfolio value doubles to record $575 billion since March 2020 lows

by
FPI portfolio value doubles to record 5 billion since March 2020 lows

ET Intelligence Group: A sustained inflow of funds and market appreciation have pushed the portfolio value of the foreign institutional investors (FPIs) to a record $575 billion, the data from NSDL show. The share of FPIs in India’s market capitalization rose to 20.7% in the first fortnight of February 2021, a gain of 1.9% from … Read more