Taxing FIIs on their gains, who face forex risks, and have no tax set-off available in their home country is a big mistake that the government is making, said Sami Arora at BS Manthan.
The Sensex is trading at TTM PE of 22.2x at the current levels as compared to its 5-and 10-year average of 25.4x and 27.5x, respectively.
The Rising Rajasthan investment summit is scheduled from December 9-11. Prime Minister Narendra Modi is expected to inaugurate the event
Stock market crash: The BSE benchmark has tumbled nearly 3,500 points from its record high level of 85,978 level, touched on September 27, 2024
US Fed rate cut: Asian equities, however, saw meaningful gains Thursday morning where Indian stock market hit fresh record highs
Adani Wilmar is planning to purchase at least three brands specialising in spices, ready-to-cook foods, and packaged edibles
Stock market strategy: Equities, analysts said, have priced-in most positives and are likely to adjust to the fundamentals now with growth in earnings needed to justify high valuations
Stock market strategy: Considering that the NDA forms the government, analysts believe it will pursue a balanced economic growth model, giving equal emphasis on investment and consumption growth
Stock market strategy after Lok Sabha election results: The BJP may end up focusing more on the coalition partners than concentrating on economic growth.
The benchmark Sensex hit a new all-time high of 76,738.89, while the Nifty50 surpassed the 23,300-mark to reach 23,338.70
On the global front, analysts expect the 'higher for longer' narrative as regards interest rates to play out for some more time as leading global central banks remain in a wait-and-watch mode
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Zomato, for instance, has been the only new-age company which has achieved profitability in the April-June quarter (Q1) of the current financial year (FY24)
India's macroeconomic fundamentals are resilient, with growth/inflation dynamics better than those of many developed markets
Chris Wood has added Axis Bank and increased holding in Larsen & Toubro in India long-only portfolio Asia ex-Japan, excludes ICICI Lombard General Insurance.
The change in stance with respect to Zomato is a complete reversal from nearly a month ago (November 13), when the stock was a high-conviction 'buy' for Jefferies with a price target of Rs 100
Lock into one-two year FDs and continue laddering, say experts
Metals, state-owned oil marketing companies, and export/global economy-linked sectors may not see any meaningful rally
Central banks around the world are raising rates to suck liquidity and bring down the soaring inflation. Banks too are passing on the rates. Find out where should you park your hard-earned money
Nowhere in sight two years ago, the energy vertical now accounts for over a fourth of RIL's $6.4 bn war chest while telecom's share in dipping and retail has clearly become a laggard