With Wuhan-based coronavirus spreading fast outside mainland China, risks to global economies could become more pronounced in the next quarter at a time when the global growth is slowing. While the potentially slower global growth is being reflected in our debt market with yields trending lower, it has not yet been reflected in our equity market, SHYAMSUNDAR BHAT, chief investment officer of Exide Life Insurance, tells Nikita Vashisht. Edited excerpts:
The coronavirus outbreak is continuing to spook sentiment. Despite steps taken by China, the growth forecast for India and the rest of the world have been…
Stocks to watch: Bandhan Bank, OMCs, paint stocks, Wockhardt, India Cements
At 08:51 AM, Nifty futures on the Singapore Exchange (SGX) were trading 63 points or 0.53 per cent lower at 11,755, indicating a gap-down start for the Indian market on Wednesday.
Here’s a look at the stocks that may trade actively in today’s trading session-
Bandhan Bank: The Reserve Bank of India (RBI) has lifted the regulatory restriction on branch opening, subject to the condition that the Bank ensures that atleast 25 per cent of the total number of ‘Banking Outlets’ opened during a financial year are opened in unbanked…
Slowdown effect? Salary increase in 2020 may be lowest in a decade at 9.1{bce2ac57dae147ae13b811f47f24d80c66c6ab504b39dda4a9b6e8ac93725942}
The economic slowdown is beginning to reflect in the salary hikes of India Inc. The average salary increase in 2020 is projected to be 9.1 per cent, the lowest in a decade, according to the 24th edition of Aon Plc’s annual salary increase survey. In 2018 and 2019, companies increased average salary by 9.5 per cent and 9.3 per cent, respectively. After the financial crisis of 2008, the average hike had slumped to 6.6 per cent.
The projected increase for 2020 is lower than the average salary hike that graduates of top Business schools have managed…
Long-term investors should snap up quality stocks during uncertainty
India’s GDP growth rate, according to estimates, could be less than 5 per cent this year. Many agencies, including the International Monetary Fund (IMF), have lowered their growth estimates. Auto sales are down. Job growth is sluggish. The long-awaited turnaround in corporate profit growth hasn’t materialised yet. Micro, small and medium enterprises (MSMEs) are in deep trouble. Indian banks have not overcome their non-performing asset-related issues, and now non-banking financial companies are also in trouble. Despite all these problems, the Nifty 50 index is trading close to its all-time high valuation. How does one make sense of such…
MARKET LIVE: Trends on SGX Nifty suggest a negative start for Sensex, Nifty
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SI Reporter | New Delhi
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Exploring the Benefits and Limitations of Zero Balance Current Accounts
No matter the size of your business, every rupee has a role to play. Handle your cash flow wisely, and your journey stays smooth. Let it slip, and you may hit a few choppy waters.A zero-balance current account can be one of those helpful tools that helps you stay on course. It does not require you to maintain a minimum balance at all. You use the money when you need it and keep what you have, without worrying about penalties for going below a certain limit.As with anything in banking, the real value comes from knowing how it…
Market Ahead, February 26: All you need to know before the Opening Bell
The Wall Street’s massive sell-off overnight over the fears of a coronavirus pandemic will be a major trigger for the domestic indices today.
Fears of a pandemic escalated after the coronavirus spread to Spain and dozens of countries, from South Korea to Italy, accelerated emergency measures while Iran’s virus death toll rose to 16. Adding to recent fears was an alert from the US Centers for Disease Control and Prevention on Tuesday warning Americans to prepare for the spread of coronavirus in the United States.
The Dow and the S&P 500…
Nifty view and stock picks by HDFC Securities: Buy Alkem Lab, Phoenix Mills
Breakdown below 11,750 would aggravate the selling pressure in Nifty
Nifty has reached a crucial support zone 11,750-11,783, which happens to be the unfilled gap formed on 4th Feb 2020. Low made on 25th Feb is exactly at the upward sloping trend line adjoining bottoms of 19th Sep 2019 and 3rd Feb 2020. Violation of 11,750 support may drag Nifty towards the 200 DMA support, currently placed at 11,684. The previous bottom on the Nifty daily chart is placed at 11,614, which can also act as far support.
Stock recommendation:
BUY ALKEM LAB (2640)…