After a negative close for the previous week, the market this week will react to a slew of corporate earnings by index heavyweights like Tata Motors, SBI, M&M and Dr Reddy’s Labs. With Chinese market remaining close, one can hope no trigger for fall emanates from there for few days. Key results will continue to swing individual stocks.
Finance Minister Arun Jaitley said that India continues to be one of the fastest growing economies in the world, but there is still potential to grow at a much faster pace. The GDP data expected later today may well prove that India is indeed one of the fastest growing economies in the world. What experts fail to comprehend is how on one hand numbers seem impressive but on the other hand, we have lower corporate earnings, weak exports, fall in investment and worrying signs of re-emergence of stalled projects.
After a negative close for the previous week, the market this week will react to a slew of corporate earnings by index heavyweights like Tata Motors, SBI, M&M and Dr Reddy’s Labs. The outlook is a weak start. With Chinese market remaining close, one can hope no trigger for fall emanates from there for few days. Key results will continue to swing individual stocks.
For Tata Motors, its JLR business will see robust improvement on a sequential basis as benefits of operating leverage kick in. Dr Reddy’s is expected to continue its healthy run in US business on back of existing portfolio performance and incremental gains from Namenda; we expect margins to inch up further to 29.2% despite a large base of Q2 while PAT likely to post 5.1% qoq rise.
Reserve Bank of India governor Raghuram Rajan and his colleagues will discuss liquidity issue with bankers on Tuesday, according to reports.
E-commerce industry is likely to generate nearly 2.5 lakhs jobs in the online retail in 2016 including temporary employees, supply chain, logistics, ancillary units etc, reveals the ASSOCHAM recent paper.
Wall Street ended lower as US job creation slowed last month. The Dow Jones fell 211.61 points, or 1.3 per cent, to 16,204.97, while Standard & Poor's 500 index lost 35.40 points, or 1.9 per cent, to 1,880.05.Nasdaq composite dropped 146.41 points, or 3.3 per cent, to 4,363.14.
Adani Power will soon sign a deal to set up two coal-based power units in Jharkhand for US$2.2-billion (Rs. 14,867 crore at Friday’s exchange rate), reports a business daily.
Biocon is gearing up to enter the regulated markets of the US and the UK with a portfolio of biosimilars, reports a financial newspaper.
The Government is considering tax incentives for leather and gems & jewellery sectors in the forthcoming Union Budget to boost manufacturing as well as exports, reports a national daily.
Jasper Infotech, which owns and operates Snapdeal, is in talks to invest in on-demand home services platform Zimmber, according to reports.
Coal India Ltd. (CIL) will this month conduct a special auction to offer coal to distressed power producers, reports a financial newspaper.
IRB Infrastructure Developers Ltd and GMR Infrastructure Ltd have sought the capital market regulator SEBI’s approval to launch India’s first infrastructure investment trust (InvIT), reports a business daily.
After a negative close for the previous week, the market this week will react to a slew of corporate earnings by index heavyweights like Tata Motors, SBI, M&M and Dr Reddy’s Labs. The outlook is a weak start. With Chinese market remaining close, one can hope no trigger for fall emanates from there for few days. Key results will continue to swing individual stocks.
For Tata Motors, its JLR business will see robust improvement on a sequential basis as benefits of operating leverage kick in. Dr Reddy’s is expected to continue its healthy run in US business on back of existing portfolio performance and incremental gains from Namenda; we expect margins to inch up further to 29.2% despite a large base of Q2 while PAT likely to post 5.1% qoq rise.
Reserve Bank of India governor Raghuram Rajan and his colleagues will discuss liquidity issue with bankers on Tuesday, according to reports.
E-commerce industry is likely to generate nearly 2.5 lakhs jobs in the online retail in 2016 including temporary employees, supply chain, logistics, ancillary units etc, reveals the ASSOCHAM recent paper.
Wall Street ended lower as US job creation slowed last month. The Dow Jones fell 211.61 points, or 1.3 per cent, to 16,204.97, while Standard & Poor's 500 index lost 35.40 points, or 1.9 per cent, to 1,880.05.Nasdaq composite dropped 146.41 points, or 3.3 per cent, to 4,363.14.
Adani Power will soon sign a deal to set up two coal-based power units in Jharkhand for US$2.2-billion (Rs. 14,867 crore at Friday’s exchange rate), reports a business daily.
Biocon is gearing up to enter the regulated markets of the US and the UK with a portfolio of biosimilars, reports a financial newspaper.
The Government is considering tax incentives for leather and gems & jewellery sectors in the forthcoming Union Budget to boost manufacturing as well as exports, reports a national daily.
Jasper Infotech, which owns and operates Snapdeal, is in talks to invest in on-demand home services platform Zimmber, according to reports.
Coal India Ltd. (CIL) will this month conduct a special auction to offer coal to distressed power producers, reports a financial newspaper.
IRB Infrastructure Developers Ltd and GMR Infrastructure Ltd have sought the capital market regulator SEBI’s approval to launch India’s first infrastructure investment trust (InvIT), reports a business daily.
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