The strong debt profile of Indian companies was key to maintaining the country’s macroeconomic stability, which is expected to further improve as the current account deficit (CAD) for this fiscal year is set to be smaller than earlier estimates, a finance ministry report said Monday. Supported by gains from high services exports, moderation in oil … Read more
The three-month London interbank offered rate for dollars, a major global lending benchmark, surpassed 5% for the first time in more than 15 years on Monday. The benchmark rate for lending between banks rose 2.4 basis points to 5.008%, the highest since December 2007. The spread of Libor over overnight index swaps – a barometer … Read more
“Going forward investors need to understand which Adani companies valuation-wise make sense to hold or which to buy at the current levels,” says Neeraj Dewan, Quantum Securities How should one view Adani Group of stocks after GQG buying into these counters? A big renowned fund putting in money in the Adani Group definitely gives some … Read more
“It is in the interest of investors to have a diversified portfolio in terms of asset allocation. Given the 250bps interest rate hike by RBI, the appeal of fixed income investments will increase,” says S P Prabhu, Chief Investment Officer, Ageas Federal Life Insurance. In an interview with ETMarkets, Prabhu said: “The last couple of … Read more
Acuite Ratings and Research on Monday maintained India’s FY23 gross domestic product (GDP) growth estimate at 7 per cent. The credit rating agency, however, projected the country’s economic growth trajectory in FY24 to slow down to 6 per cent. India would still be one of the highest growth economies in the world, it said. As … Read more
“We are constructive on equity markets from a 3-year perspective. This is driven by our positive stance on the following themes which fall across multiple sectors,” says Trideep Bhattacharya, CIO-Equities, MF. In an interview with ETMarkets, Bhattacharya said: “We expect equity markets to remain volatile near-term. Hence, to smoothen out volatility in current equity markets, … Read more
Washington: US central bankers opened a two-day policy meeting Tuesday on rising expectations that they will slow the pace of interest rate hikes again, as inflation begins to fade. The Federal Reserve has raised the benchmark lending rate seven times last year, walking a fine line between reining in costs and trying not to tip … Read more
Crude oil prices rose slightly in early Asian trade on Tuesday in a market focused on prospects of demand recovery from top importer China and on the global economic outlook ahead of company earnings. Brent crude had risen 5 cents to $88.24 per barrel by 0116 GMT, while U.S. West Texas Intermediate (WTI) crude rose … Read more
There’s expectations that Indian equities will witness a bull rally in 2023 amid strong foreign fund flows. With the aim of maximising potential returns while minimising risks, buying stocks with a high margin of safety, low earnings multiples, and stable business growth is the investment tip by Mayank Mehraa, a smallcase manager and principal partner … Read more
“Banks are an excellent pick for an earnings upgrade in a rising interest rate environment even though the Bank Nifty is, in fact, the most heated sectoral index at the current junction,” says Sonam Srivastava, Founder at Wright Research. In an interview with ETMarkets, Srivastava said: “Domestic capital goods and manufacturing are still seeing upgrades … Read more