India becomes third-largest domestic airline market

“Once you have a domestic focus, keep a broad market focus. If FIIs want to come into largecaps, somebody has to sell. Local players like domestic mutual funds, the domestic alternative investment funds, insurance companies will keep rotating that. I do not see a cause for worry in terms of wealth creation in India.”

While we celebrate highs of the market, the problem is that markets do not follow earnings growth in a linear fashion.

Kotak AMC's Nilesh Shah believes that India is well-placed to benefit from the rise of manufacturing and capture a bigger share of manufacturing GDP. Shah notes that the Kotak Manufacturing In India fund has already delivered satisfactory results. With Chinese companies moving to India, Indian subsidiaries participating in export markets, and the domestic market growing, Indian firms have significant opportunities to increase their share of global markets.

India Business News: NEW DELHI: The Indian economy is expected to grow in a range of 6.

In the developed world, market panic is a function of reset in interest rates. Not so long ago, interest rates were near zero, with more than $17 trillion of debt securities having zero or negative coupon. Their markets are getting adjusted to the fact that interest rates can remain higher and for a longer period of time. In the European context, some of the uncertainty could be linked to the Russia-Ukraine situation as well. In the Indian context, we were trading at around our average historical valuations.

Mumbai (Maharashtra) [India], November 23 (ANI): The stock market experienced a day of fluctuation, concluding in the red on Thursday. The Sensex marked a 5.43-point downturn, closing at 66,017.81, while the Nifty followed suit with a 9.85-point decline, settling at 19,802.00. Among Nifty companies, 25 witnessed advances, while 25 faced declines. Top gainers among Nifty […]

“If you look at the kind of companies where the stocks are going up even more are the ones that are not even covered by many research houses. So the stocks that are the smaller ones, not in any coverage by the sell side are still seeing a lot of rally. So clearly, there is some irrationality.”

India's largest airline, IndiGo, said the carrier is entering its next phase of growth and will heavily invest to increase domestic capacity despite the market being crowded.

While some see the indices rising 25% in the next two years, others say the Nifty could touch 20,000 by the end of FY24.

In an interview, Kotak Institutional Equities’ CEO and co-head Pratik Gupta said the market will continue to consolidate around the current levels for the next few months and there is no major catalyst for a sharp rally or a sustained correction.