Feed aggregator
What is the human coronavirus HKU1 detected in a woman in Kolkata? - Firstpost
- What is the human coronavirus HKU1 detected in a woman in Kolkata? Firstpost
- Human Coronavirus HKU1 Detected In Kolkata: What We Know So Far NDTV
- Kolkata woman diagnosed with HCoV-HKU1: Causes, symptoms, treatment of human coronavirus Moneycontrol
- Rare human coronavirus HKU1 detected in Kolkata: Is it dangerous than COVID? All you need to know India TV News
- Rare human coronavirus detected in Kolkata: All about this coronavirus that spreads in humans and animals India.com
iPhone 17 Series Dummy Units Suggest Design and Rear Camera Layout Changes - Gadgets 360
- iPhone 17 Series Dummy Units Suggest Design and Rear Camera Layout Changes Gadgets 360
- iPhone 17 Air Was Supposed to Offer Port-Free Design, But Apple Canned the Plan: Mark Gurman Gadgets 360
- iPhone 17, iPhone 17 Pro smartphones could feature updated 24-megapixel selfie camera India Today
- Elon Musk replies to video of Joe Rogan taking delivery of custom Tesla Model S Plaid The Times of India
- Apple reportedly considered iPhone 17 not having charging port, here's is what we know The Economic Times
Nagpur violence updates: CM Devendra Fadnavis blames Chhaava movie for 'anger in people' against Aurangzeb - Hindustan Times
- Nagpur violence updates: CM Devendra Fadnavis blames Chhaava movie for 'anger in people' against Aurangzeb Hindustan Times
- Devendra Fadnavis blames Chhaava movie for 'anger in people' against Aurangzeb Hindustan Times
- Watch: Nagpur violence over Aurangzeb’s tomb: Curfew, prohibitory orders imposed in several areas The Hindu
- 47 People Detained, 14 Cops Injured In Nagpur Violence: Minister NDTV
- Nagpur violence: Curfew in several areas, 15 arrested, 12 police personnel injured Business Today
iPhone 17, iPhone 17 Pro smartphones could feature updated 24-megapixel selfie camera - India Today
- iPhone 17, iPhone 17 Pro smartphones could feature updated 24-megapixel selfie camera India Today
- New Air Variant, Slimmer Design: Leaked iPhone 17 Images Spark Buzz On Internet NDTV
- Apple’s iPhone 17 ‘Air’ Is a Step Toward a Slimmer, Port-Free Era Bloomberg
- Elon Musk replies to video of Joe Rogan taking delivery of custom Tesla Model S Plaid The Times of India
- iPhone 17 Pro Max price: A look at the pricing of the past seven ‘Max’ models Hindustan Times
‘Prayagraj Maha Kumbh reflects spirit of rising India’: PM Narendra Modi addresses Lok Sabha - Hindustan Times
- ‘Prayagraj Maha Kumbh reflects spirit of rising India’: PM Narendra Modi addresses Lok Sabha Hindustan Times
- PM Modi Praises Maha Kumbh In Parliament, Opposition Raises Questions NDTV
- Modi compares impact of Maha Kumbh to that of Gandhi's Dandi march and Bose's Delhi Chalo call The Economic Times
- PM clubs Mahakumbh with Gandhi, Bose, Bhagat Singh and 1857 in LS speech Business Standard
- 'Did not pay condolences': Rahul Gandhi targets PM Modi on Maha Kumbh speech in Lok Sabha The Times of India
ED conducts raids against US billionaire George Soros backed OSF, linked entities - The Times of India
- ED conducts raids against US billionaire George Soros backed OSF, linked entities The Times of India
- Probe Agency Raids George Soros' Foundation, Amnesty, Linked NGOs NDTV
- EXC: ED launches raids on Soros-backed OSF beneficiaries in Bengaluru The New Indian
- ED conducts searches on entities linked to George Soros in Bengaluru India Today
- ED searches beneficiaries of George Soros' OSF in a FEMA probe Hindustan Times
10 magnesium-rich foods for better sleep - The Times of India
10 magnesium-rich foods for better sleep The Times of IndiaView Full coverage on Google News
Samsung announces roll out of OneUI 7: Availability, eligible devices, and more - Moneycontrol
- Samsung announces roll out of OneUI 7: Availability, eligible devices, and more Moneycontrol
- Samsung Announces Official Rollout of One UI 7 Starting From April 7 Samsung Global Newsroom
- Samsung Galaxy S24 Series Reportedly Get LOG Video Recording With Latest One UI 7 Beta Update Gadgets 360
- Samsung extends One UI 7 Beta to more devices: Galaxy S23 series included Mint
- Samsung reveals One UI 7 rollout details: Full list of phones, features, and release timeline India Today
E-Cricket: Gaming studio Lightfury Games unveils its first title - The Economic Times
E-Cricket: Gaming studio Lightfury Games unveils its first title The Economic Times
Banking sector offers buying opportunity amid FPI sell-off: Nilesh Shah
"Gold looks on a better footing. It has delivered great return like equity, but we will have to realise whether we will be able to liquidate gold or not," says Nilesh Shah, MD, Kotak AMC.Gold and Nifty have given similar returns. I mean, why are we doing so much of analysis every day? So much of volatility. We look at macro, we look at rupee, we look at earnings, we look at PE. Life is so simple. Just buy gold, forget it.Nilesh Shah: So, we will have to figure out when Indians decide to sell gold, who will buy. Today, gold prices are up because we are one of the largest buyer. Fortunately, for India, central banks of the world have become like our housewives. They have realised that keeping money in dollar, yen, euro, renminbi, securities is risky, as Russian central bankers have realised. Now they have joined the bandwagon and they are buying gold as much as Indian housewives are buying. So, yes, undoubtedly, gold looks on a better footing. It has delivered great return like equity, but we will have to realise whether we will be able to liquidate gold or not. Now, the point is, where do you go from here? I mean, we always talk about equity markets, but let us first understand where is the earnings and economy headed and is it now time to be optimistic because the macro, the data points in terms of tax collections, oil, dollar index, the macro is getting better now.Nilesh Shah: So, it is not about macro going down or earnings not growing. It is all about meeting expectation. At 22 times forward, earnings expectations were running in double digit. Actual earnings came at low-single digit, mid-single digit. In every quarter of this year, Nifty 50 earning per share is more than Rs 250 per share. Overall, we are on our way to achieve 1030 Nifty EPS. The growth is likely to be mid-single digit over last year and that was below expectation, which is why correction has set in. Now, expectations are low and there are reasonably good chances with good monsoon and improving domestic macros, we should be able to get somewhere around 1150 EPS for Nifty 50 next year. It is the earnings growth ahead of expectation which will drive the market upwards. So, what should be our approach now, stay with the market or sell the market on every uptick?Nilesh Shah: So, in the short-term market is like a machine. Money flow determines prices. In the long-term market is like weighing machine. Fundamentals determine prices. As of today, FPIs are seller. They have been selling quite consistently, quite aggressively, their side is well known. No one is going to give easy exit to them by taking market up. If they are selling, market will continue to fall. As their selling stops, market will bottom up. And as their buying starts, markets will start rising. Undoubtedly over longer-term fundamentals will play. This is fair value market where largecaps are below historical average. Mid and smallcap are still around historical average. So, you should maintain neutral weight to equity. Give preference to quality over momentum. Give preference to high floating stock market determined prices versus low floating stock kind of manipulated prices and go for reasonable valuation over expensive valuation. Be overweight largecap as small and midcaps are still trading at premium to historical average. Most importantly, do not buy everything in correction at one go. Keep on adding on a calibrated basis as FPIs are likely to sell for the near term. But when you talk about largecap and when you talk about the large exposure on the markets, it has to be the banking space. So, is that the space that you would advise one to look at very closely given the fact that the valuations now are at a reasonable level and you have seen persistent selling in that space as well?Nilesh Shah: Undoubtedly. The FPI selling in the banking and financial services space has resulted into valuations now trading way below historical average for many of the private banks. The NPA cycle is under control. RBI is improving liquidity which will push up deposit as well as credit growth and barring banks which have exposure to microfinance/unsecured personal lending, rest of the banking system seems to be in a better position. So, undoubtedly banking and financial services is one sector where one can look to add during this correction. The second space where we are bullish is consumer discretionary space. In the budget about one lakh crore tax rebate is given to taxpayers. Eighth pay commission should put money in the pockets of government employees towards the beginning of next year. Both these two things will be positive for consumer discretionary. We do not expect this class to spend money on roti, kapra, makaan, the basic necessities. We expect them to spend money on experiences like travelling, like tourism, like QSR, like education, like healthcare, like premium brands. So, consumer discretionary space is something which looks interesting apart from banking and financial services. As a house you have been bullish on cement. As a house, you have been bullish on IT and consumer you have already outlined. Let us stay with IT. IT stocks have corrected 15% to 20%, some stocks are down about 30%. Why have IT stocks corrected and after the correction, are they a buy now?Nilesh Shah: So, again, in IT stocks, it is all about expectation. There was fear that US might be slowing down. The Google searches on US recession has increased. So, we are probably looking at hard landing as well, that is direct impact on IT business. The second challenge is of technology. There are many IT companies which have significant exposure to BPO and clearly AI chatbot are taking over BPO jobs. Even programming is not far off and there are worries that AI related programming could take away many of the programming jobs. Undoubtedly, in IT, there will be two kinds of companies, one which leverages AI to deliver better, cheaper, faster solution to customers. Now, if you are a large behemoth, to turn around the tanker is likely to be a bit difficult, but to turn around a speedboat might be easy. We have been bullish, mid and small IT companies which are leveraging artificial intelligence, which has limited or no exposure to BPO, and we believe these companies should be able to gain market share as they provide better, cheaper, faster solutions to their customers. The companies which are investing in developing AI related ecosystem, as many of the companies will develop their small learning modules, small language models, SLMs, they will also create an ecosystem which is closed loop and this opportunity could be as big as IT services industry. So, one will have to become bottom-up in stock picking in IT services.
Categories: Business News
New Zealand vs Pakistan, 2nd T20I Highlights: Allen, Seifert six-hitting showcase gives Kiwis 2-0 lead - Hindustan Times
- New Zealand vs Pakistan, 2nd T20I Highlights: Allen, Seifert six-hitting showcase gives Kiwis 2-0 lead Hindustan Times
- New Zealand vs Pakistan, 2nd T20I, Today, Pakistan tour of New Zealand, 2025 Cricbuzz
- PAK vs NZ 2nd T20I: New Zealand Crushes Pakistan Again, Takes 2-0 Lead In 5 Match T20I Series Zee News
- Tim Seifert's Blazing 45 Takes New Zealand To Five-Wicket Win Over Pakistan News18
- New Zealand vs Pakistan Live Score: It’s a Wicket. Shaheen Afridi is out Mint
Google Pixel 9a Beats Rival Samsung Galaxy A56 In Benchmark Face-Off - NDTV Profit
- Google Pixel 9a Beats Rival Samsung Galaxy A56 In Benchmark Face-Off NDTV Profit
- Google Pixel 9a unboxing video hits YouTube before the big reveal Android Police
- Google Pixel 9a leaked fully: 3 real-world differences from the iPhone 16e Hindustan Times
- Google Pixel 9a may launch tomorrow: 5 expected features India Today
- Google Pixel 9a leak reveals price, specs, and colour options ahead of launch CNBCTV18
SENSEX soars over 800 points, NIFTY50 tops 22,750: Five reasons why markets are surging today - Upstox
- SENSEX soars over 800 points, NIFTY50 tops 22,750: Five reasons why markets are surging today Upstox
- Sensex soars 900 points, Nifty tops 22,750. 8 key drivers fueling this rally The Economic Times
- Sensex jumps 750 points; Nifty 50 reclaims 22,700. Why is Indian stock market rising? Explained with 5 key factors Mint
- Stock market today: BSE Sensex rallies over 800 points; Nifty50 above 22,700 The Times of India
- Sensex Jumps 490 Points, Nifty Climbs 162 Points In Early Trade NDTV
Raisina Dialogue: Jaishankar targets Pakistan, says 'world’s longest illegal occupation is in Kashmir' - Moneycontrol
- Raisina Dialogue: Jaishankar targets Pakistan, says 'world’s longest illegal occupation is in Kashmir' Moneycontrol
- 'Attacker and victim were put on par': Jaishankar takes a jibe at UN, cites Kashmir, calls for fair global order The Times of India
- Jaishankar says West, UN turned Kashmir ‘invasion’ into dispute: ‘I’ve got some question marks' Hindustan Times
- Jaishankar on Kashmir: ‘When West interferes, it’s for freedom; others have malign intention’ The Economic Times
- Jaishankar Slams Pakistan, Calls Out West Over Kashmir: 'Invasion Was Made Into A Dispute' News18
Gold price rises by Rs 320 per sovereign, gram costs Rs 8,250 in Chennai on March 18 - DTNEXT
- Gold price rises by Rs 320 per sovereign, gram costs Rs 8,250 in Chennai on March 18 DTNEXT
- Gold nears Rs 90,000: Time to buy, hold, or book profits? Moneycontrol
- Gold Price And Silver Rate Today on March 19, 2025: Check latest Rates in India Mint
- Gold hits record high! Precious metal crosses Rs 91,000 as investors seek safe-haven amid Israel-Hamas te The Times of India
- Gold, Silver Prices Today: Gold hits new high on MCX, silver gains | Check city-wise rates on March 19 India TV News
All is well? Days after derivatives loss, IndusInd Bank raises Rs 11,000 crore CDs to boost liquidity - Moneycontrol
- All is well? Days after derivatives loss, IndusInd Bank raises Rs 11,000 crore CDs to boost liquidity Moneycontrol
- How deficiencies in derivative accounting at IndusInd Bank came to the fore Moneycontrol
- IndusInd Bank's liquidity adequate, capitalisation strong: CARE Ratings Business Standard
- Moody's places IndusInd Bank's Baseline Credit Assessment under review for downgrade The Hindu
- IndusInd raises Rs 11,000 crore via CDs in confidence boost The Economic Times
Over 200 Killed In Israel's Biggest Strike On Gaza Since Ceasefire - NDTV
- Over 200 Killed In Israel's Biggest Strike On Gaza Since Ceasefire NDTV
- Israel Gaza Airstrike Live Updates: Hundreds killed as Israel launches airstrikes on Gaza The Times of India
- At least 330 killed by Israeli air strikes on Gaza, Hamas-run ministry says BBC.com
- What Israel and Palestinian groups are saying about the deadly attacks Al Jazeera English
- Israel Has Decided To "Sacrifice" Hostages By Resuming War, Says Hamas NDTV
Pages
