India#39;s fundamentals better than major economies, can continue to outperform: Adrian Mowat

Mowat also mentioned that the US Federal Reserve has been extremely aggressive in tightening its monetary policy.

from Moneycontrol Market Outlook https://ift.tt/S2e9FYW

Stocks in the news: Here Moto, Indian Oil, Lupin, PNB and Adani Group stocks

Hero MotoCorp, the two-wheeler manufacturer, said it will invest $60 million in US-based Zero motorcycles to jointly develop electric motorcycles. It said it is finalizing a collaboration agreement with the California (US)-based manufacturer.

from Economic Times https://ift.tt/oShHUt5

Daily Voice | Good probability of US Fed rate getting close to 4% this year: Hemant Kanawala of Kotak Mahindra Life

Hemant Kanawala of Kotak Mahindra Life says if the US Fed continues to raise rates, then the expectation is that short term rates will be more than 10-year paper increasing the probability of recession.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-good-probabilityus-fed-rate-getting-close-to-4-this-year-hemant-kanawalakotak-mahindra-life_16638211.html

Stocks in the news: Voda Idea, Ambuja Cements, Blue Dart, Hind Copper and Elgi Equipments

Mobile tower giant Indus Towers is learnt to have asked debt-ridden Vodafone Idea to clear outstanding dues and pay every month on time for continuity of business post-November.

from Economic Times https://ift.tt/6y0RG9F

Daily Voice | This CIO believes October review of JP Morgan Index will be critical for Indian bond inclusion

Trideep Bhattacharya of Edelweiss AMC says while consensus expectations are pegged around a 50bps hike at the moment, RBI Governor#39;s narrative is likely to be dependent on the signs of near-term peak in inflation in India.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-cio-believes-october-reviewjp-morgan-index-will-be-critical-for-indian-bond-inclusion_16637181.html

Stocks in the news: Axis Bank, NHPC, Power Grid, BPCL, BHEL and Nykaa

India's third largest private sector lender, Axis Bank, will invest around Rs 50-70 crore to acquire a little less than a 10 per cent stake in Fairfax-backed Go Digit Life Insurance.

from Economic Times https://ift.tt/IiumgXS

Good time to start accumulating quality IT stocks: Nilesh Shah of Envision Capital

In an interview with CNBC TV-19, Nilesh Shah shared his views on the IT sector, markets, auto space and what he sees as the way forward.

from Moneycontrol Market Outlook https://ift.tt/hFEJQ6s

Daily Voice | This investment manager isn#39;t super bullish on banking and financial services space

Divam Sharma of Green Portfolio says since the June lows, the markets have seen a sustainable recovery, and given the domestic demand and insignificant recession risk for India, we do not see the market breaking the June lows.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-investment-manager-isn39t-super-bullishbankingfinancial-services-space_16635471.html

Stocks in the news: Amara Raja, Voda Idea, Mahindra Logistics, BSE and Embassy Office Parks

Battery firm Amara Raja Batteries has proposed a transaction to integrate the battery plastic component business of Mangal Industries into its fold through a scheme of arrangement.

from Economic Times https://ift.tt/R6eKjGo

Exuberance in broader market subsides as September turns somber

Nifty Smallcap 100 and Nifty Midcap 100 index now down nearly 9 percent each from their highs hit earlier this month and touching distance from entering a correction territory

from Moneycontrol Market Outlook https://ift.tt/w5FN7T8

Daily Voice | Don#39;t see repo rate going beyond 6% as inflation expected to ease, says Asit C Mehta#39;s Anand Varadarajan

Anand Varadarajan of Asit C Mehta says inflation and recession continue to be a big worry for central banks across the board.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-don39t-see-repo-rate-going-beyond-6-as-inflation-expected-to-ease-says-asit-c-mehta39sanand-varadarajan_16633951.html

Stocks in the news: Harsha Engineers, BPCL, Coal India, Redington India and Britannia

Harsha Engineers is scheduled to make its Dalal Street debut on Monday as the company raised Rs 755 crore via its initial stake sale by selling shares in the range of Rs 314-330 crore between September 14-16.

from Economic Times https://ift.tt/pmTswD8

Daily Voice | This investment expert is bullish on these 3 multi-year broad themes

At Sanctum, we have positioned our portfolios with a focus on multi-year broad themes including housing, manufacturing and financial services, said Hemang Kapasi

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-investment-expert-is-bullishthese-3-multi-year-broad-themes_16633441.html

Daily Voice | Sandeep Bagla of TRUST AMC sees no pause in rate hikes by RBI as global yields have repriced significantly upwards

Sandeep Bagla of TRUST AMC says it is quite possible that markets go through a severe, sharp, and sustained sell-off. Probably defensives like FMCG could fall marginally lesser than other sectors.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-sandeep-baglatrust-amc-sees-no-pauserate-hikes-by-rbi-as-global-yields-have-repriced-significantly-upwards_16633001.html

Daily Voice | Sensex, Nifty will touch new highs before any other markets in the world, says Amit Jain of Ashika Global Family Office Services

The worst is behind Indian corporate earnings. Will prefer domestic consumption stories over globally exposed businesses, Jain says.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-sensex-nifty-will-touch-new-highs-before-any-other-marketsthe-world-says-amit-jainashika-global-family-office-services_16632091.html

Stocks in the news: Aster DM, Tata Steel, HCL Infosystems, Aurobindo Pharma and M&M Financial

The board of Tata Steel has approved the amalgamation of 7 of its subsidiaries - Tata Steel Long Products, Tata Metaliks, The Tinplate Company of India, TRF, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining into and with its parent company Tata Steel.

from Economic Times https://ift.tt/CXzDeFk

BNP Paribas warns equity returns in India could weaken in next 12 months

Indian equity market will be vulnerable going ahead due to accelerated tightening of the US Federal Reserve’s balance sheet and higher global interest rates

from Moneycontrol Market Outlook https://ift.tt/prMHjd9

Daily Voice | This fund manager sees rerating in banking valuations as profit pool reaches normalcy

Chandraprakash Padiyar of Tata Asset Management thinks IT sector is facing an issue of high expectations. Business growth is likely to be somewhere around 10 percent on a sustainable basis for the sector.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-fund-manager-sees-reratingbanking-valuations-as-profit-pool-reaches-normalcy_16630781.html

Stocks in the news: SBI, HDFC Bank, PB Fintech, Kirloskar Oil and Ashoka Buildcon

HDFC Bank has entered into a long-term partnership with London Stock Exchange group's Refinitiv for digital transformation, new customer acquisition and reduce costs.

from Economic Times https://ift.tt/jQBFfPI

Daily Voice | Rate hike cycle may extend into 2023 as well, given sticky and elevated level of US inflation, says this chief investment officer

Harshat Patil of Tata AIA Life Insurance says India remains among the few sweet spots in the otherwise tepid global economy. Given this context, we believe that the FIIs cannot afford to ignore the Indian economy for long and would have to invest in the Indian equity markets in the medium term.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-rate-hike-cycle-may-extend-into-2023-as-well-given-stickyelevated-levelus-inflation-says-this-chief-investment-officer_16629441.html

Stocks in the news: Wipro, Tata Steel, Hero Moto, Yes Bank and Indian Hotels

Yes Bank's board has approved the sale of stressed assets worth around Rs 48,000 crore to JC Flowers ARC, which has turned out to be the sole bidder for the portfolio.

from Economic Times https://ift.tt/NEt5S0M

Sensex zooms over 900 points: What factors are driving the markets higher

All sectoral indices trade in the green so are the broader marker indices. Nifty Metal makes the biggest gain followed by indices representing banks and financials

from Moneycontrol Market Outlook https://ift.tt/6rSOnqo

Sensex zooms over 700 points: What factors are driving the markets higher

All sectoral indices trade in the green so are the broader marker indices. Nifty Metal makes the biggest gain followed by indices representing banks and financials

from Moneycontrol Market Outlook https://ift.tt/swUfrRT

Daily Voice | This fund manager says it#39;s time to be extremely disciplined about stock and sector selection

If India is able to maintain a stable macro-economic environment (fiscal and current account deficit, inflation) and demonstrate consistent corporate earnings growth, over the medium term we should remain an attractive destination for FIIs.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-fund-manager-says-it39s-time-to-be-extremely-disciplined-about-stocksector-selection_16628021.html

Stocks in the news: Adani Enterprises, Welspun Corp, KIMS, Ceat and Natco Pharma

The flagship company of the Adani Group, Adani Enterprises, has raised Rs 100 crore by allotment of 1,000 non-convertible debentures of face value of Rs 10 lakh each on a private placement basis.

from Economic Times https://ift.tt/cgtOkWs

Daily Voice | Next leg of earnings growth to be driven by domestic investment and consumption, says this chief investment officer

Niraj Kumar of Future Generali says the narrative could soon turn towards growth fears versus inflation fears, which will likely lower the US Fed’s hawkishness. This is likely to happen around the end of 2022.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-next-legearnings-growth-to-be-driven-by-domestic-investmentconsumption-says-this-chief-investment-officer_16626571.html

Big Movers on D-St: What should investors do with Apollo Tyres, Vedanta and Ceat?

After gaining about 20 per cent in the last five sessions, on the back of positive news flow, the mining major saw a knee-jerk reaction to the company's clarification submitted to the bourses.

from Economic Times https://ift.tt/HJfoZ1c

Stocks in the news: SBI, Hero Moto, ACC, Maruti Suzuki, Ambuja Cements and Yes Bank

The Adani family said it has completed the acquisition of Ambuja Cements & ACC and has become country's second largest cement player.

from Economic Times https://ift.tt/QpudaEk

Daily Voice | RBI might reduce FY23-FY24 growth forecast by 25-50 bps, says this investment strategist

However, Dr. Vikas Gupta, founder, OmniScience Capital, feels that India’s story remains strong and that the RBI will be optimistic on growth as well as inflation, and benign on interest rate hikes.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-rbi-might-reduce-fy23-fy24-growth-forecast-by-25-50-bps-says-this-investment-strategist_16626141.html

Daily Voice | This investment advisor feels IPO space will remain dull as volatility continues in equity markets

Sonam Srivastava of Wright Research says India has the highest growth projections in the next year and has even picked up price momentum in the last three months. Our valuations are low compared to history, and the currency is cheap for foreign investors to buy.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-investment-advisor-feels-ipo-space-will-remain-dull-as-volatility-continuesequity-markets_16625881.html

Daily Voice | Alok Agarwal of Alchemy Capital sees scope for earning upgrades in 2HFY23

With most commodity prices correcting in the current quarter, a significant amount of the margin miss may likely reverse in the second half of the year.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-alok-agarwalalchemy-capital-sees-scope-for-earning-upgrades2hfy23_16625111.html

Stocks in the news: UPL, Adani Ports, IndusInd Bank, PVR and SBI Cards

Agro-chemical firm, UPL, has acquired 26 per cent stake in Clean Max Kratos Pvt Ltd, which is into renewable energy. Clean Max was incorporated on July 28 with paid up capital of Rs 1 lakh.

from Economic Times https://ift.tt/7ZLRmwK

Daily Voice | Entry of Indian bonds in global index to ease dollar pressure on rupee, says this seasoned wealth manager

Indian equity market valuations are slightly on the higher side vis-à-vis historical averages, with the Nifty 1 year forward P/E at about 20x, which opens up the possibility of a correction – price correction or time correction – until earnings catch up with the valuations.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-entryindian-bondsglobal-index-to-ease-dollar-pressurerupee-says-this-seasoned-wealth-manager_16623541.html

Stocks in the news: TMB, Vedanta, Tata Steel, GR Infra and Balaji Amines

The century old private lender Tamilnad Mercantile Bank will make its debut at Dalal Street on Thursday. Its had raised Rs 831.6 crore via its IPO between September 5-7 by selling its shares in the range of Rs 500-525.

from Economic Times https://ift.tt/t3VnuyP

Daily Voice | This veteran wealth manager sees worst for banking sector over, expansion led by economic revival, rise in capex, retail credit push likely

We expect that RBI will be more pressured to control raging inflation as central bank is mandated by Government to maintain retail inflation at 4 percent with a 2 percent margin on either side for a five-year period ending March 2026.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-veteran-wealth-manager-sees-worst-for-banking-sector-over-expansion-led-by-economic-revival-risecapex-retail-credit-push-likely_16622011.html

Daily Voice | This economist explains 3 reasons that may drive RBI to pause rate hikes after September meet

Anitha Rangan of Equirus says liquidity tool is at the disposal of RBI and therefore gives more flexibility to RBI to manage actions more dynamically rather than repo which is an MPC tool with less flexibility of dynamic changes.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-economist-explains-3-reasons-that-may-drive-rbi-to-pause-rate-hikes-after-september-meet_16620551.html

Daily Voice | HDFC Securities#39; big call for next 12 months would be industrials over consumer

HDFC Securities#39; preferred sectors are large cap banks and IT, industrial and real estate, power, autos and they continue to add positions in long-term thematics (eg. City Gas, financial inclusion - Insurance and Capital Markets), says Unmesh Sharma.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-hdfc-securities39-big-call-for-next-12-months-would-be-industrials-over-consumer_16619091.html

Daily Voice | LIC MF#39;s fund manager is bullish on domestic consumption, manufacturing, export driven business

Karan Doshi of LIC MF says India might be the brightest spot in relative comparison among other economies in the PMI chart with Eurozone in contraction and US also slowing down. This in return may set the stage for capex recovery from the private side.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-lic-mf39s-fund-manager-is-bullishdomestic-consumption-manufacturing-export-driven-business_16618741.html

Daily Voice | This wealth manager believes India#39;s long term story is not just intact, but has become stronger

Ram Kalyan Medury of Jama Wealth says most of the cement stocks are still down by 20 percent to 40 percent from their peaks. This is a cyclical sector and one has to be careful about entering the sector at the right time.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-wealth-manager-believes-india39s-long-term-story-is-not-just-intacthas-become-stronger_16618541.html

What is driving the stock market – noise or facts?

Holistically the markets move in cycles and it has the tendency to be forward-looking. Therefore, both the good and the bad news gets discounted before it has truly occurred. The news that the West could go into recession is no longer ‘NEWS’. It has been fairly discounted by the market like it had discounted previous major events.

from Economic Times https://ift.tt/WN1g9Uv

Mihir Vora #39;worried#39; turmoil in global economy could hit Indian market

The European Central Bank (ECB) on September 8 raised its policy rates by an unprecedented 75 basis points to deal with inflation in the continent. Another similar hike may also be in the offing during the next policy meeting, the central bank hinted.

from Moneycontrol Market Outlook https://ift.tt/dGnUhKa

Daily Voice | Recession in developed markets can help in India#39;s capex recovery, believes this research head

Amnish Aggarwal of Prabhudas Lilladher believes India is on the verge of a big capex cycle recovery which will play out in coming few years.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-recessiondeveloped-markets-can-helpindia39s-capex-recovery-believes-this-research-head_16617421.html

Daily Voice | Recession in developed markets can help in India#39;s capex recovery, believes this research head

Amnish Aggarwal of Prabhudas Lilladher believes India is on the verge of a big capex cycle recovery which will play out in coming few years.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-recessiondeveloped-markets-can-helpindia39s-capex-recovery-believes-this-research-head_16617431.html

#39;As economy gets better, mid- and small-cap stocks will have an edge over largecaps#39;

Lohchab said he is positive on large banks, echoing many others including those at Morgan Stanley that rerated the entire banking sector earlier this week. He said he prefers ICICI Bank, Axis Bank and SBI among them. He is also positive on NBFCs like Chola Finance.

from Moneycontrol Market Outlook https://ift.tt/tB89Ywi

Sensex climbs 550 points: Key factors fuelling the rally

The NSE Nifty 50 index was up 0.84 percent or 149 points at 17,773, while the SP BSE Sensex rose 0.92 percent or 540 points to 59,570.

from Moneycontrol Market Outlook https://ift.tt/K9yMQ83

Daily Voice | India#39;s domestic consumption story will be a multi-decade play, believes this ace finance professional

Santosh Joseph of Germinate Investor Services LLP says the private banks will continue to enjoy a premium. Since Covid, if there is one sector that has really not done as much as the markets generally have done, it is the financials and the private banks in particular.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-india39s-domestic-consumption-story-will-bemulti-decade-play-believes-this-ace-finance-professional_16616481.html

Morgan Stanley rerates banking sector, sees 41% upside in select stocks

What has surprised some money managers is that the credit growth has jumped in India when global issues have resurfaced, and a global economic slowdown looks imminent. That means, Indian lenders are bucking the global trend.

from Moneycontrol Market Outlook https://ift.tt/tbH04x8

Morgan Stanley rerates banking sector, sees 41% upside in select stocks

What has surprised some money managers is that the credit growth has jumped in India when global issues have resurfaced, and a global economic slowdown looks imminent. That means, Indian lenders are bucking the global trend.

from Moneycontrol Market Outlook https://ift.tt/Wjx3i1c

Kotak sees chinks in ‘Indian market is decoupled’ theory amid subpar economic recovery

Kotak Institutional Equities believes the theory is far from the truth and investors like what they see or only see what they like

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/kotak-sees-chinks‘indian-market-is-decoupled’-theory-amid-subpar-economic-recovery_16615851.html

Daily Voice | This finance veteran sees Indian economic indicators on sound footing to help Nifty beat its peers

The probability is very high that Indian exports will slow down. Consumer sentiment indicators are down in US, EU and China.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-finance-veteran-sees-indian-economic-indicatorssound-footing-to-help-nifty-beat-its-peers_16615251.html

Daily Voice | This finance professional is bullish on seven sectors as good investment opportunities

Divam Sharma of Green Portfolio says this year seems to be a year of consolidation for the sector. The economic slowdown and potential recession in some of the developed nations will impact the sentiments and order flows for the sector.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-finance-professional-is-bullishseven-sectors-as-good-investment-opportunities_16613581.html

Remain cautious on markets; Overweight on urban consumption stocks: Mahesh Nandurkar, Jefferies

From a 6-12 month perspective, Nandurkar is cautious about the market outlook.

from Moneycontrol Market Outlook https://ift.tt/1cxmJZr

Daily Voice | Kotak Mahindra AMC sees these 3 key areas catalysing global growth in the years ahead, says Anshul Saigal

Anshul Saigal of Kotak Mahindra Asset Management Company expects a secular uptick in Energy and Defence spending over the next few years. Job growth opportunities would be created in these sectors as a result.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-kotak-mahindra-amc-sees3-key-areas-catalysing-global-growththe-years-ahead-says-anshul-saigal_16612571.html

Daily Voice | Earnings trend expected to stay relatively healthy for most sectors, says Venkatesh Sanjeevi of Franklin Templeton

Going forward, Venkatesh Sanjeevi of Franklin Templeton Asset Management (India) expects further rate hikes by RBI and a terminal policy rate of 6-6.25 percent by end FY23.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-earnings-trend-expected-to-stay-relatively-healthy-for-most-sectors-says-venkatesh-sanjeevifranklin-templeton_16611841.html

Daily Voice | This seasoned investor sees 5 persistent threats to equity market in the remaining part of the financial year

As the global central banks become less aggressive in rising interest rates, Anil Rego of Right Horizons expects the FII inflows to increase.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-seasoned-investor-sees-5-persistent-threats-to-equity-marketthe-remaining-partthe-financial-year_16611681.html

Daily Voice | PGIM India cautious on export-oriented sectors, says its portfolio manager

From a 3 to 5 years perspective, PGIM India remains constructive on Indian Equities given the fact that the Indian economy would be one of the fastest growing economies in the world, says Surjitt Singh Arora.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-pgim-india-cautiousexport-oriented-sectors-says-its-portfolio-manager_16611091.html