Asia’s growth outlook remains positive despite external uncertainties, says ADB
The Asian Development outlook 2024 report suggests that policymakers in the region should monitor a number of risks. These include escalating conflicts and geopolitical tensions. Key Points
ThePrintFitch 'neutral' on China, flags realty risks
China's economic growth will moderate to 4.6% next year from 5.3% in 2023, the ratings agency said in a Wednesday report titled Greater China outlook 2024. While a greater usage of fiscal policy will limit downside risks, Fitch noted such supports may keep fiscal deficits wide at a time when the country's fiscal metrics have already eroded compared to peers with similar sovereign ratings. Key Points
Economic TimesWhy Sandip Sabharwal is bullish on Bajaj Auto
According to Sandip Sabharwal, the management of Bajaj Auto is credible as they accurately pointed out market conditions when they were bad and now talk of a strong growth outlook. This credibility improves the outlook for the stock and the company. In contrast, HDFC Bank may face further compression in margins due to merger issues, while Kotak Bank's overvaluation is coming back to comparable levels with other private sector banks. Once the process is completed, Kotak Bank may be worth considering. Key Points
Economic TimesJob market shrinks, but at slower pace
About 45% of Indian employers covered in the latest ManpowerGroup Employment outlook Survey said they would hire more people in the coming quarter. While 15% of the employers expect a decrease in hiring intent or have no plans to backfill, 37% plan to keep workforce levels steady and 3% were unsure about hiring intentions, according to the findings that were shared exclusively with ET. Key Points
Economic TimesIndia Inc's hiring sentiment likely to be highest among 41 nations in New Year
About 49% of 3,150 Indian employers across four regions and eight sectors covered in the latest ManpowerGroup Employment outlook Survey said they would hire more people in the Jan-March 2024 quarter, while 12% expected a decrease in hiring intent or had no plans to backfill. This puts the net employment outlook - used as a bellwether of labour market trends - at 37%, the difference between companies looking to hire and those expecting a fall in headcount or hiring numbers. Key Points
Economic Times
Realty stakeholders business outlook moves up optimistic zone on steady India economy
Stakeholders in the real estate industry are confident in the business outlook, backed by India's resilient economy and sustained growth. The Knight Frank-NAREDCO Real Estate Sentiment Index reflects increased optimism. Record residential sales and office space transactions highlight the country's economic robustness. Key Points
Economic TimesS&P raises outlook for India to ‘positive’
After a gap of about 10 years, S&P Global Ratings on Wednesday upped India’s outlook to positive from stable on robust growth prospects for next... Key Points
The Tribune IndiaSanjiv Bhasin on 3 pedigree stocks that are must-haves in your portfolio
“Pedigree stocks with business outlook and transparency and forward-looking guidance will always trade perfect to prices and supersede those prices. So, for Maruti, 12,000 is very much on the card. For Nestle 27,000 is a possibility. And thirdly, there is Indian Hotels .If you want to participate in the India story with a slightly longer-term view, these three stocks are a must in your portfolio. ” Key Points
Economic TimesAsia stocks on edge for earnings, China data
Markets have also seen a mood shift on the outlook for U.S. interest rates, with futures implying an 80% chance the Federal Reserve will hike by a quarter point to 5.0-5.25% in May. Key Points
FinancialexpressIndia's HCLTech trims full year revenue outlook
India's HCLTech (HCLT.NS) trimmed its full-year outlook for revenue growth on Thursday, signalling near-term weakness in spending as its clients remained cautious due to uncertain demand and a challenging macroeconomic environment. Key Points
Reuters
Domestic household savings needs to increase to finance pvt capital formation in economy: Finance Ministry
India needs to bolster domestic household savings to support private sector capital formation, as per the Finance Ministry's Monthly Economic Review. The report anticipates a better current account balance in the ongoing fiscal year due to a reduced merchandise trade deficit and increased net services receipts. However, concerns persist regarding the current account deficit in FY25. Key Points
Economic TimesIndia GDP to grow 6-6.3% in FY24, economic prospects brighten: Deloitte India
India is likely to grow 6-6.3 per cent in FY24, Deloitte India said in its economic outlook, forecasting growth surpassing 7 per cent over the next two years if global uncertainties recede. There remain significant uncertainties around the actions of the central banks of major economies and the oil price movements, the economic outlook said. Key Points
Economic TimesInflation to impact profitability and growth: S&P Business outlook Survey
The headline value of the index or the net balance declined to 21% in February compared to 28% in October, indicating a weaker degree of optimism. The global average was 32%, whereas the emerging markets averaged 33%, as per the report released on Monday. Key Points
Economic TimesRealty players upbeat in a rosy economy
Real estate stakeholders in Mumbai express optimism due to a resilient Indian economy and sustained domestic demand. Residential and commercial office sector deals have seen positive growth, indicating a favorable outlook for the real estate industry. Key Points
Economic TimesIn auto, prefer two-wheelers; Hero Moto top pick: Siddhartha Khemka
Sun Pharma reported better-than-expected earnings with EBITDA margins beating expectations. The stock reacted positively to the news. Voltas had weak performance, particularly in the project business, but the market reacted positively, possibly due to short covering. Blue Star, on the other hand, had strong results and a positive outlook. Battery companies like Exide and Amara Raja are showing good traction, but we have a neutral rating on them and prefer to invest directly in the OEMs. Our top picks are two-wheelers, with Hero Moto leading the pack. Key Points
Economic Times
Tech Mahindra shares plunge 6% on Q3 earnings. Here's what brokerages recommend
Shares of Tech Mahindra fell more than 6% following disappointing Q3 results. Kotak Institutional Equities and Nuvama retained their 'Reduce' ratings. Kotak highlighted the long turnaround journey for Tech Mahindra despite healthy revenue growth, citing macro challenges and weak telecom outlook. Nuvama called Q3 earnings a mixed bag with an uncertain outlook, noting lower EBIT margin and weak bookings. Key Points
Economic TimesUse dips to buy IREDA and do a SIP for next 6 months: Sanjiv Bhasin
“If you failed to get allocations in IREDA, I would suggest doing a SIP for the next six months. Buy some now, buy some on declines and keep buying every month. It depends on your duration as an investor. The short-term traders will have made a killing. But the longer-term play is still to be invested in power lenders because they have never had it so good.” Key Points
Economic TimesIndian IT stare at bleak holiday quarter on grim outlook
Over the past two weeks, the likes of Microsoft, Alphabet, Amazon and even Meta, Apple and Tesla have indicated a weakening demand environment that could last at least two quarters. Even Microsoft gave a cautious outlook despite strong performance. Key Points
Economic TimesRBI pegs FY25 growth at 7%, highlights cross-sector positives that will boost the economy
In its annual report, RBI also estimated retail inflation to average at 4.5% in FY25, higher than its target of 4%. It added that climate shocks add uncertainty to inflation outlook. Key Points
ThePrintCLSA upgrades TCS, two other IT majors, despite conservative outlook
Shares of TCS and HCLTech have been upgraded to “underperform” from “sell”. For TCS, the price target has been increased to Rs 4,043 from Rs 3,925, and for HCLTech, it has been raised marginally to Rs 1,553 from Rs 1,536. Key Points
Economic TimesOil prices climb as investor risk appetite grows
By Yuka Obayashi TOKYO (Reuters) - Oil prices climbed on Monday, reversing some of Friday's losses, as investors focused on a tight global supply outlook and a last-minute deal that avoided a U.S. Key Points
ThePrintHCL Tech Q1 Preview: Tough business environment may pull down PAT by 4% QoQ
The software majors consolidated net sales are expected to rise a mere 0.6% sequentially. Some analysts see the company cutting the upper end of its sales growth outlook for FY24. Key Points
Economic TimesIndia expects Moody's to upgrade sovereign rating as economic indicators propel growth view, FinMin offici
Indian officials have met with Moody's to press for an upgrade in the countrys sovereign ratings. The representatives discussed borrowing, disinvestment targets and state budgets with the rating agency. The Indian officials are hopeful that Moody's will raise India's Baa3 rating, the lowest investment grade, backed by the country's impressive growth outlook and other positive macroeconomic markers. Key Points
Economic TimesOil prices steady as market awaits interest rate cues
By Natalie Grover LONDON (Reuters) -Oil prices were little changed Thursday as investors kept their powder dry ahead of U.S. data expected to offer further clues on the outlook for interest rates. Key Points
ThePrintStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 42%
After touching a new high, nifty and sensex moved into correction mode. If one looks at the way markets have moved intraday in this phase of correction, it appears that a basket selling pushes the index down then there is one sector which pushes it back up. These are indications that in the coming two weeks, when there is a high probability of volumes being low in the markets, we may see slightly higher volatility as stock prices will react more to even slightly a bit of selling or buying. In such times it would be better to stay with stocks where analysts' outlook has improved over the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesGold edges lower with focus on US inflation data
By Brijesh Patel (Reuters) - Gold prices edged lower on Tuesday as investors awaited more U.S. economic data this week that could shed light on the Federal Reserve's interest rate outlook. Spot gold Key Points
ThePrintExplained: Why D-Street bulls are missing in action after Muhurat Trading rally
The S&P BSE Sensex plummeted 331.77 points to 64,927.68, and the Nifty 50 also saw a drop of 81.05 points to 19,444.50 around 1:05 pm. Key Points
India TodayNatWest downgrades profit outlook amid Farage 'debanking' row
NatWest (NWG.L) downgraded its profit outlook on Friday, pinched by tighter competition for savers' cash, as the lender deals with the reputational fallout from a damaging 'debanking' row with former Brexit Party leader Nigel Farage. Key Points
ReutersU.S. consumer sentiment slips slightly in August
The survey's reading of one-year inflation expectations rose to 3.5% this month from 3.4% in July. The five-year inflation outlook came in at 3.0% for the third straight month, still within the narrow 2.9%-3.1% range for 24 of the last 25 months. Key Points
Economic TimesOil flips to a loss as traders weigh US economy against supply
Oil swung to a loss as traders weighed worse-than-expected US economic data against an improving inflation outlook and supply constraints..West Texas Intermediate slumped below $72 a barrel, after rising as much as 1.3% in earlier trading Key Points
mint
Stock picks of the week : 3 stocks with consistent score improvement and upside potential of up to 27%
As earnings season progresses at a time when sentiments are turning in favor of bulls, stocks from different sectors have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesThere’s no missing the bus in market; metals a contra bet & 2 largecaps to buy on dips: Sandip Sabharwal
“In the largecap side, if there is a dip, we could buy into ICICI Bank, that is the preferred bet and then Maruti. That is one stock which has not performed at all although most of the other stocks have moved up, so that I think still has a decent value. A contrarian bet would be stocks like Tata Steel and Vedanta. Now, whether I am buying that on dips is the question.” Key Points
Economic TimesMoody’s affirms 'Ba3' rating on Tata Motors with positive outlook post demerger move
The demerger is subject to shareholders and regulatory approvals, and the automaker expects to complete it within the next 12-15 months. The positive outlook on Tata Motors reflects Moody's view that the upgrade momentum on its ratings should continue with or without the proposed demerger. The rating agency expects all of the companys businesses to continue to deliver on their strategic growth priorities, while maintaining a balanced financial policy that focuses on achieving net-zero automotive debt by March 2025. Key Points
Economic TimesPositive economic outlook prevails for India's mid-market businesses despite global slowdown
India's mid-market businesses are expected to experience positive prospects in the coming year, according to a report by Grant Thornton. The International Business Report (IBR) revealed that nearly 80% of Indian mid-market businesses maintain a positive economic outlook, up from 78% in H1 2023. The growth is driven by India's domestic market and government initiatives like 'Make in India'. Key Points
Economic TimesGold holds tight range as traders strap in for Fed verdict
By Brijesh Patel (Reuters) - Gold prices traded in a narrow range on Wednesday as investors refrained from making big bets ahead of the U.S. Federal Reserve's interest rate decision and policy outlook Key Points
ThePrint
OECD raises 2023 global GDP growth forecast to 2.6%
The Organisation for Economic Co-operation and Development said it now expects the global economy to grow by 2.6 percent this year compared to 2.2 percent in its previous forecast in November. But it remains under the 3.2-percent expansion seen in 2022, the Paris-based OECD said in its updated economic outlook titled A Fragile Recovery . Key Points
Economic TimesFitch affirms 'BBB-' rating for India with a stable outlook amid strong growth
Fitch emphasized that India's investment landscape is expected to be a key driver of economic growth, citing the continuation of the government's capital expenditure drive and a gradual acceleration of private investment. Despite the positive outlook, Fitch points out that beyond the fiscal year 2024, there is increased uncertainty regarding the fiscal path. Key Points
Economic TimesGeopolitical tensions, AI likely to weaken global economy in 2024: Chief economists
More than 50% of global chief economists anticipate a weakening world economy in 2024, according to the Chief Economists outlook released by the World Economic Forum (WEF). The report highlights tight financial conditions, geopolitical tensions, and rapid advances in generative artificial intelligence (AI) as key factors. Around 70% of economists believe the pace of geo-economic fragmentation will accelerate in 2024. Key Points
Economic TimesFoxconn sticks to strong end-of-year sales outlook
Taiwan's Foxconn (2317.TW), the world's largest contract electronics maker and a major Apple supplier, on Sunday stuck to its previous outlook of strong year-end holiday sales, and said customers were buying well in China and the United States. Key Points
ReutersChakri Lokapriya on 2 auto stocks that can outperform & 2 NBFCs to buy
Tata Motors and TVS Motors are well-positioned for both present sales and future growth in electric vehicles (EVs), says Chakri Lokapriya, CIO & MD of TCG AMC. While EVs are gaining popularity, they only make up around 5%-7% of sales lending much importance to traditional petrol and diesel models. In addition, Lokapriya say the current rally in India's stock market could continue due to improved business conditions, offering a positive outlook in NBFCs such as Cholamandalam Finance and M&M Financials. Key Points
Economic TimesDollar slips on profit taking but upbeat outlook remains
By Saqib Iqbal Ahmed NEW YORK (Reuters) - The dollar slipped broadly on Friday as traders booked profits after recent gains but the U.S. currency remained well-placed for further advances, supported Key Points
ThePrintStock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 41%
Once again everything is looking green, the way FY 25 has started, it appears that bulls were on short term break due to tight liquidity conditions which tends to appear in the last month of every financial year. While the local liquidity condition might improve, the issue of high valuation is still not over. It is still a time to be cautious in terms of not going overboard with taking exposure to a certain stock, selective about what one is buying. The reason, if the street becomes selective and gets into correction mode once again, it is stocks where there has been improvements in the business operating matrix will be able to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesFY25 outlook bright, need to watch out for CAD: Finmin
India's economic outlook for FY25 is positive with strong growth, stable inflation, and robust external account. The government's capital push boosts private investments. Focus needed on increasing domestic savings, monitoring global challenges, and attracting foreign investments for sustainable growth. Key Points
Economic TimesFitch affirms United States' ratings at 'AA ', outlook ‘stable’, despite projected slowdown in 2024
Fitch maintained strong US credit rating despite economic slowdown, projects improvement in government deficit but warns of rising interest burden. Separately, Fitch downgraded NYCB due to internal control issues and high real estate exposure. Key Points
mintOil steady as investors weigh US rate cut outlook with Middle East tensions
By Robert Harvey LONDON (Reuters) -Oil prices steadied on Wednesday, stabilising from losses in the previous session, as growing expectations that cuts to U.S. interest rates will take longer than Key Points
ThePrint
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 38%
While it might be too early to call or to some it might appear to be wish of which bears on the street would have, but the way the market breadth has panned out, there is probability of a selective correction taking place, which is essentially led by the profit booking. At this time if one is looking to increase exposure, it would be better that they should look for stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 24%
While the volatility has been in nifty every now and then, the difference this week was that the mid-cap segment also participated in the correction and breadth was negative. This is indicative of profit booking happening at the broader market level. At this point of time, one cannot rule out volatility with strong bearish bias and more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesBajaj Auto Q3 results today: What to eye in the fineprint; how to trade the stock?
Bajaj Auto Q3 Results: Bajaj Auto Ltd is set to release its Q3 earnings today, with investors optimistic about strong volume growth and operating leverage benefits. The company's shares have rallied over 31% in the last three months, driven by festive demand, easing costs, and a share buyback plan. Key monitorables include core earnings, with net profit expected to rise 33.3% YoY to Rs 1,987 crore, revenue to rise 29% YoY to Rs 12,039 crore, and operating profit to increase 32% to Rs 2,341 crore. Key Points
Economic TimesSensex Today | Sensex Today Live Updates: Indian markets to consolidate amid firm global cues
Sensex Today Live Updates: India's benchmark indices closed higher on Friday, after three days of losses. The Sensex closed 496.37 points, or 0.70% up, at 71,683.23, and the Nifty closed 160.15 points, or 0.75% to at 21,609.50. Key Points
MintHow much positivity in IT stocks is already priced in? Apurva Prasad answers
Apurva Prasad says s that the IT pack has experienced a positive movement in the last two months. However, he believes that a significant portion of the improved outlook is already priced into the market, with PE multiples increasing by 20-25%. Prasad emphasizes the importance of operational performance and highlights that many companies, including larger ones, have the potential for margin improvement. Key Points
Economic Times
Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 27%
While it might be too early to call or to some it might appear to be wish of which bears on the street would have, but the way the market has panned out at the start of 2024, there is probability of a selective correction taking place. So, it is stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesRevival in IT stocks likely to continue in new year
While Accenture's latest growth guidance is indicating a subdued near-term outlook for the sector, fund managers and analysts said the US central bank's dovish tilt has reduced the risk of earnings downgrades. The next big trigger for the sector would be signs of deal wins by IT firms, they said. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 40%
When should one be cautious, in a strong trending bullish market which has lasted for months or bearish markets? The answer is both, in case of a bullish market cautious in “what is one buying” and in bearish markets, “what is one selling”. The reason selling a good stock just because the market is in a bearish phase is as bad a decision as buying the wrong stock. But at this point of time we are in a strong bullish phase, it is time to be cautious while buying. So look at stocks where analysts' outlook has improved over the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic Times