Analysts pausing earnings estimates cuts over the next 12 months has stoked some investor optimism, Wilson said. However, bear markets typically feature a flattening out in outlook between quarterly earnings seasons before the downward trend resumes, he wrote. “Stocks tend to figure it out a month early and trade lower Continue Reading
Reseñas
Sebi proposes uniform expense ratio for MFs to curb mis-selling
This means a fund house, for instance, will have to charge the same expense ratio for all its equity funds if this proposal goes through. So, if a mutual fund manages ₹50,000 crore in equity assets across 10 schemes, all of them must have the same expense ratio. Mutual funds Continue Reading
FPIs bullish on infra theme despite broader selloff
The prime reason for the FPIs’ sustained interest in the infrastructure stocks is the improving order prospects and revenue visibility of the companies. For instance, Larsen & Toubro, India’s largest infrastructure company, reported 14% year-on-year increase in prospective orders at Rs 4.9 lakh crore as of December 2022.
Zee Entertainment to be reinstated into F&O segment
NSE said on Monday the circular dated February 23 regarding the exclusion of F&O contracts on Zee stands withdrawn. “In addition to existing contracts with expiry months of March 2023 and April 2023, the futures and options contracts with May 2023 expiry shall also be made available for trading from Continue Reading
Inflation big concern in 10 states going for elections in next 2 years
Ten of the 14 states that are headed for elections over the next two years have inflation above the RBI’s upper tolerance limit of 6%. According to an ET analysis, inflation rates in nine of them are nearly twice what they were five years ago, when elections were last held Continue Reading
India’s growth story doesn’t exclude poor or middle class: FM Nirmala Sitharaman
She cited the examples of Vande Bharat trains and the Udaan initiative to buttress the fact that the government wants common citizens, and not just the privileged ones, to experience quality train or air travel. “Growing India doesn’t exclude the middle class or the poor,” she said, while addressing students Continue Reading
Wheat prices may go below MSP as arrivals begin in Gujarat, MP
Prices are expected to go below the minimum support price (MSP) by mid-March, when arrivals will pick up further. Meanwhile, Food Corporation of India (FCI) has called a meeting of wheat growing states on March 1 to take a call on starting procurement operations for the 2023-24 rabi marketing season. Continue Reading
Bihar grew at 10.98% in FY22: Economic Survey
“Bihar economy posted a strong recovery in 2021-22 as the Gross State Domestic Product (GSDP) at constant prices recorded a robust growth of 10.98 per cent, whereas, the national growth rate was 8.68 per cent during the same period,” the minister said.
JPMorgan investment arm purges its ESG funds of Adani stocks
The JPMorgan Global Emerging Markets Research Enhanced Index Equity ESG UCITS ETF offloaded the more than 70,000 shares in cement manufacturer ACC Ltd., exiting a stake it’s held since May 2021, according to a data review by Bloomberg that looked at movements following the Jan. 24 publication of the Hindenburg Continue Reading
Aashish Somaiyaa on 3 reasons for market’s underperformance
While valuations have become cheaper compared to where it was one and a half year back but the reality is that there is sector rotation, there is inconsistency in performance in certain sectors and I think those fundamentals, sustenance or sustainability of fundamentals also causes some kind of doubt in Continue Reading