How India’s economy performed in Dec 2023: a Mint report card
In December, four of the 16 high-frequency indicators tracked by us were in red (i.e. below their five-year average trend), six in green, and six in the middle—an improvement from six months ago. Key Points
mintIndian financial system well protected, regulated, says Economic Affairs Secretary Ajay Seth
The Indian financial system is well-protected and regulated, according to Ajay Seth, the Economic Affairs Secretary. The statement came after the meeting of the Financial Stability and Development Council, headed by Finance Minister Nirmala Sitharaman. Early warning indicators are used to monitor and deal with potential stresses in the system. The meeting discussed a seamless experience for potential investors in the Government Securities (G-Sec) market, the burden of compliance for regulated entities, debt levels, and simplification of the KYC framework. The meeting was attended by various officials, including the RBI Governor and regulatory authority chief chairpersons. Key Points
Economic TimesSignificant progress in SDGs, but challenges remain: MoSPI
The report highlights significant gains made in maternal and child health, education, poverty and climate change since 2015-16. The National Indicator Framework tracked 284 indicators across 17 SDG goals. Key Points
Economic TimesDelhi, Mumbai India’s ‘most liveable cities’ & Bengaluru not far behind, shows Economist data
According to Economist Intelligence Unit’s Global Liveability Index, Delhi & Mumbai both scored 60.2, sharing 141st rank. Meanwhile, 10 of China’s 19 cities in the list were in top 100. Key Points
ThePrintIndia Inc's Q2 show is scary? Shaktikanta Das says he won't 'rush' to say economy is slowing
RBI Governor Shaktikanta Das affirmed India's economic activity remains robust, particularly in agriculture and services. Despite mixed data and concerns over slowing urban consumption, Das highlighted positive indicators like the rebound in manufacturing and services PMIs, supporting the RBI's 7.2% growth forecast for the fiscal year. Key Points
Economic Times
Technical Breakout Stocks: How to trade TCS, InterGlobe Aviation and OFSS on Wednesday
The Nifty50 closed flat with a positive bias at 22,335 while the S&P BSE Sensex closed with gains of more than 160 points. Sectorally, buying was seen in IT stocks while some selloff was seen in realty, public sector, utilities, power, and capital goods stocks. Key Points
Economic TimesBig Movers on D-Street: What should investors do with Vodafone Idea, EasemyTrip and Go Colors?
The stock is trading in a W pattern on a weekly chart and forming a base near its previous resistance zone, which is a bullish sign. An early sign of upmove is visible on the relative strength chart in comparison to Nifty50 and good support of short-term EMAs 10 and 20 is seen on every decline. Key Points
Economic TimesFor moderate risk takers: 5 midcap stocks with right levels of ROE and upside potential up to 37 %
While last week nifty did witness corrective movement. While the overall trend is still bullish and valuations are still at elevated levels. In such times, it would be better that while looking at stocks one should also focus on reducing the risk by taking a hard look at some numbers which are critical indicators. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “hold” or “buy” or strong buy . Key Points
Economic TimesBig Movers on D-Street: What should investors do with Patanjali Foods, PVR Inox and Nykaa?
Stocks that were in focus include names like Patanjali Foods, which fell 0.16%, PVR Inox, which rose 4.77%, and Nykaa, whose shares declined 8.28% on Monday. Key Points
Economic Times7 midcap stocks with right levels of ROE and upside potential of up to 47%
While nifty last week witnessed corrective movement, the overall trend is still bullish and so are the risk levels. In such times, it would be better that while looking at stocks one should also focus on reducing the risk by taking a hard look at some numbers which are critical indicators. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “hold” or “buy” or strong buy . Key Points
Economic Times