Corrections are short term, focus on fundamental tailwinds: Banking stocks that may deliver more than 20%
Why should the decision which traders take, should not be copied by investors? Simple, traders are looking to generate income from short term movement in stocks, whereas investors focus has to be generating wealth from long term trend in growth of business. But the fact is that short term narratives which are essentially governed by technical factors, tend to affect a lot of investors also and that is what leads to decisions which should have been avoided. In the last three weeks, not even one sector has been spared by bears, they were seen across the street. So, while traders should bother about the fact that what has happened to bank stocks in the short term, investors should focus on whether the health of the banks both in terms of NPA’s and credit growth has been better or not. If that answer is yes, which at this point of time it is then what is happening to bank nifty should not bother an investor. Key Points
Economic TimesNitish Kumar, Rabri Devi among 11 elected unopposed to Bihar Legislative Council
Bihar Chief Minister Nitish Kumar has been declared elected unopposed to the state legislative council for a fourth consecutive term. Alongside Kumar, 10 candidates from various parties contesting the biennial polls for 11 council seats were also declared elected unopposed. Key Points
Economic TimesAmerica: Return of the Don
Read about the predictions and implications of Donald Trump's potential second term in the White House. Get insights into his chances, opponents, and political strategies. Key Points
Times Of IndiaSome regulatory tightenings are indications of future potential: 6 NBFC stocks with upside potential of up
One change for making higher provision for unsecured loans and we see all the NBFC stocks tumbling. The short term reaction of the street is a mix of two things. First the technical position in the markets, whether the stock or sector has seen a recent runup or not and secondly emotional one without understanding the working of a sector or a company. Sometimes these short term reactions are opportunities as the macro picture of the sector is far better and stronger as compared to what is being perceived in the short term due to one action or the newsflow. Key Points
Economic TimesLonger term growth for private banks can be faster than industry: Karthikraj Lakshmanan, UTI AMC
The markets may be volatile closer to general elections as we have seen in the past instances and have seen varied market reactions for different outcomes. However, eventually, the market fundamentals along with continuity of reform measures and fiscal prudence matters more for the equities. Hence, the approach needs to be far more focused on long term fundamentals than rejig the portfolio for general elections or any other event when it comes to long-term investing. Key Points
Economic Times
How will the midcaps and smallcaps fare this week? Shibani Sircar Kurian answers
“At least in the near term, largecaps are better placed than midcaps and smallcaps. While on a longer term basis, of course, there are many industries where being present in mid and smallcaps is possibly the only way to play the overall India growth story, but in the near term, valuations are stretched on a relative as well as absolute basis.” Key Points
Economic TimesIndia is in a longer term uptrend in both dollar and local currency terms: Laurence Balanco, CLSA
“If you look at the 20-day moving average, it has been a great card for that accelerated trend in the midcap index. By mid September, we started to test that 20-day moving average again. Two weeks ago, we broke below it and now we are seeing some choppy volatility around it.” Key Points
Economic TimesWhy is #TermLimits trending on social media
#TermLimits has been trending on social media for a while today. Let's read what it is about. | World News Key Points
Hindustan TimesA new term life insurance policy for diabetics: High premium but much-needed financial security, should yo
Bajaj Allianz Life Insurance has now come up with a term insurance plan specially designed for people who have diabetes. Named as as Bajaj Allianz Life Diabetic term Plan Sub 8 HbA1c, it is a pure term life insurance cover. The minimum policy term will be for five years. The minimum sum assured will be Rs 25 lakh. The minimum entry age will be 30 years and the entry age goes up to 60 years for this plan. Should you buy it? Key Points
Economic TimesAre smokers eligible for term insurance?
Smokers are eligible for term insurance but their premiums will be higher due to increased health risks. The increase can range from 40-50% or more depending on various factors. It may be worth considering an additional term plan for those with large loans and family responsibilities. Key Points
mint
SBI special FD with 7.1% interest rate: SBI reintroduces Amrit Kalash special deposit scheme
The State Bank of India has decided to reintroduce the 'AMRIT KALASH' retail term deposit. It is a 400-day tenor special plan offering higher interest rates. Key Points
Economic TimesWhat's best term for transpersons in Malayalam? Kerala panel fails to agree, ends search
A Kerala institute tasked with finding a new Malayalam term to address transgenders has temporarily ended its pursuit. A few terms were shortlisted and sent to a committee consisting of representatives from the transgender community, but they could not come to a decision. Key Points
India TodayValidating Aryan invasion or statement of rights? Rahul remark reignites 'Adivasi' vs 'Vanvasi' debate
RSS & affiliates reject term 'Adivasi', saying it goes against idea of united India, and prefer 'Vanvasi'. But others oppose latter term, saying it implies tribals are 'uncivilised'. Key Points
ThePrintLife insurance: Disclose true health status when buying a term plan
Among the death claims, more than 85% are non-early in nature, i.e., the claims that arise three years after buying the policies. Key Points
FinancialexpressWhat should be a good asset allocation, short, medium and long term? Maneesh Dangi answers
Get into more diversified assets; equities are too expensive, says Maneesh Dangi. “Within India versus US, you would look at India more favourably versus US right now. But again, in absolute terms you will have to be underweight equity, because equities both in India and US actually are pretty expensive.” Key Points
Economic Times
Third term of our govt will start from June : PM Modi radiates confidence for upcoming Lok Sabha polls
PM Modi highlighted the development in the railways and emphasised that major decisions shaping the next millennium would be made during the third term of his government. Earlier this month, he predicted that the BJP would secure 370 seats in the next Lok Sabha elections. The Prime Minister assured the country of India's significant economic progress and development in the coming years. Key Points
Economic TimesIraq bans the usage of word 'homosexuality', asks media to use 'sexual deviance' instead
Term ‘gender’ has also been banned. Iraq does not explicitly criminalise gay sex but loosely defined morality clauses in its penal code have been used to target LGBT community. Key Points
ThePrintThose serious about retirement aren’t attracted to NPS tax benefits: Santosh Agrawal, Policybazaar
NPS is a good product, but its just accumulation and then it invests in annuity. People know of the NPS because of tax benefit, but Rs.50,000 is not a meaningful amount, says Santosh Agrawal, CBO, Life Insurance, Policybazaar. Key Points
Economic TimesNifty Financial Services stocks: Current challenges by RBI may be an opportunity for long-term investors
It is not the first time that RBI has taken measures to curtail unsecured lending. In past also there has been instances when banks and NBCF’s got aggressive to push credit growth and RBI has to tame them, first through verbal advice in public forum than then through rules and regulations. But the fact is that in capital starved countries like India, demand for credit will always remain high. This means that despite all the short term issues, in the long term a good lender which has a risk management system in place will be able to grow its top and bottom line. Key Points
Economic TimesYou can bottom fish in IT, but unlikely to make much money: Andrew Holland
Despite global tensions and high oil prices, the market is holding up well. Positive results cab ve expected from companies like HUL, Nestle, and ITC. However, one must be cautious with the metals sector due to slowing global demand. However, there are question marks over IT sector's recovery and one should explore better growth opportunities. Key Points
Economic Times
There Is a Long-Term Danger Lurking in Financial Markets
The premium investors demand for holding longer-maturity assets remains very low. Markets could be in for a wallop if it returns to historical averages. Key Points
mintNew CEO on priorities and demand outlook for TCS post Q1 results
“We see a lot of opportunities in vendor consolidation, cost and optimisation as they focus on efficiencies. The large deals that we have lined up augurs well for the coming quarters. We need to see where the opportunities are and execute them well and deserve what we deliver in Q2 and Q3, says COO NG Subramanian” Key Points
Economic TimesTime to be contrarian? These 6 bank stocks can give over 18% returns
While the bank nifty might be facing pressure in today’s trading session, it is because of the three private banks with high weightage in the indices witnessing selling pressure.For contrarian and short term traders there might be an opportunity given the fact that it has been witnessed that such moves are followed by short covering sooner or later. But again this probably is trade for high risk traders or investors who have the ability to take a stand against market narrative. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members. Key Points
Economic TimesETMarkets Fund Manager Talk: Despite a strong rally, this asset manager continues to see opportunities in
Equity as an asset class is only gaining more acceptability with domestic investors which is visible from the continuously increasing SIPs with mutual funds. Even at this, it still makes up to about a mere 4.8% of Indian household savings – which is substantially lower than its global peers. As the GenZ comes into the mainstream, we expect this number to only get better, leading to a much stronger and continued domestic flows. Key Points
Economic TimesSupreme Court to amend term ‘sex worker’ in handbook on gender stereotypes
The Supreme Court of India has decided to replace the term "sex worker" in its handbook on gender stereotypes with more inclusive language. The change comes after a group of anti-trafficking NGOs raised concerns that the term "sex worker" promotes gender stereotypes. | Latest News India Key Points
Hindustan Times
Jobs scandal code of conduct violation, not systemic failure: TCS CEO K Krithivasan
The $27.92 billion Tata Consultancy Services expects the demand environment to be muted. Customers are reassessing technology spends and postponing non-critical engagements, MD & CEO K Krithivasan told Romita Majumdar and Surabhi Agarwal in an interview. Key Points
Economic TimesSecond Covid wave hit street vendors hard but less than 1 in 5 defaulted on relief loans
Between July 2020 and February 2023, just 17.51 per cent of the total number of loans turned bad or non-performing. Key Points
The Indian ExpressManufacturing, private capex and exports are drivers of corporate earnings over medium term: Saion Mukherj
Saion Mukherjee says: “As we see traction in manufacturing, our expectation is that we will also see a very strong pickup in private capex. So manufacturing, private capex, exports, would be the drivers of corporate earnings over the medium term. Of course, this would have a ruboff effect on consumption as we go forward.” Key Points
Economic TimesScope for Nifty and generally markets in India to go up are tremendously high: Deepak Shenoy
Premiumisation is happening in a meaningful way. Income levels have gone up at least for a relatively small percentage of the population but that is really the India that can be targeted in a meaningful way by most of the players – be it cars or food delivery and all of that stuff. We will be surprised by how much Indians are willing to pay for entertainment, tourism and travel. Key Points
Economic TimesExpected downward shift in yield curve warrants higher allocation towards bonds: Motilal Oswal Private Wea
The current inclusion of India into the JPMorgan bond index is likely to put a cap on yields in the medium to short term and will also ease out once we start receiving inflows. Softening in government bond yields across tenures could lead to a downward shift in Indias yield curve, aided by expectations of a shallow rate cut of 50-75 bps starting from Q2 FY25. Key Points
Economic Times
Karnataka: New govt will have to wait as DK Shivakumar's firm stand throws spanner into Siddaramaiah's wor
Siddu will have an initial term of two years or so, and DK will take over next. But Shivakumar rejected it, and firmly told the leadership that he would not accept anything less than the CMs post. He will remain just as an MLA if the party were to name Siddaramaiah for another term, sources said. AICC general secretary RS Surjewala said talks were still underway at the party. Key Points
Economic TimesPakistan's poll body gears up to hold Presidential election by March 9
A six-party alliance has already announced Asif Ali Zardari as its consensus candidate. Zardari previously served as the president from September 2008 to 2013. | World News Key Points
Hindustan TimesAB Capital & Castrol India are Nagaraj Shetti’s top picks of the day. Here’s why
Nagaraj Shetti recommends AB Capital and Castrol India as top picks. AB Capital has a positive chart pattern and a target of Rs 196-197. Castrol India is in an uptrend with a target of Rs 220-222. Both stocks have stop losses in place. Key Points
Economic TimesFor better management of risks; 7 midcap stocks with right levels of RoE and upside potential of up to 34%
In a bullish market many things change and one of them is the relationship between opportunity and challenges. The opportunity to make high return in short term of times is faced with challenge of finding the right stock which not only deliver return in short term but is also worth holding in portfolio for long term. This challenge emerges from the fact that valuations are at a higher level and a small negative news can damage prices much more and time wise correction can lead to returns turning much lower. The following stocks have come from Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy Key Points
Economic TimesHat-trick of BJP wins will bolster NDA strength in Rajya Sabha
Assembly election results are expected to strengthen the ruling Bhartiya Janata Party (BJP) in the Rajya Sabha early next year. This is because 19 seats in Madhya Pradesh, Rajasthan, Telangana, and Maharashtra will become vacant in April. These states have experienced significant changes in political dynamics over the past few months. The National Democratic Alliance (NDA), which already holds a majority in the Upper House, is likely to increase its numbers. This will enable the NDA to successfully pass important legislation, including constitutional amendments. Key Points
Economic Times
Avoiding Mamaearth IPO; IT in value zone but near term future clouded: Hemang Jani
According to Hemang Jani, Independent Market Expert, the IT sector has entered a value zone, making it attractive for investors with a medium to long-term view. However, he cautions that the near term will continue to be affected by sluggishness in growth and tech spending sentiment. Jubilant Food's weak demand environment is expected to weigh on margins and earnings growth. Jani advises caution when considering the Honasa IPO, as the company is still loss-making. IndusInd Bank has been a strong performer and is seen as an attractive option in the banking sector. Key Points
Economic TimesSudip Bandyopadhyay on 4 stocks to get into for long term
“We have been advising investors to get into these stocks and these sectors. In Reliance Industries, there is significant upside potential for a long-term investor through value unlocking of multiple businesses. Also, some of the infrastructure and construction sector stocks – NCC, NBHC or a power stock like NTPC should continue to reward shareholders in the long term.” Key Points
Economic TimesJustice Sahi to head consumer disputes panel
Justice Sahi, former Chief Justice of the Madras and Patna HCs, has been appointed the chairperson of the National Consumer Disputes Redressal Commission (NCDRC). Justice Sahi will have a four-year term at the NCDRC, known as national consumer court. Key Points
The Tribune IndiaUS President Joe Biden says he will announce run for re-election ‘soon’
"We'll announce it relatively soon. But the trip here just reinforced my sense of optimism about what can be done," Biden told reporters at the tail-end of an emotional trip to Ireland. "I told you my plan is to run again." Key Points
FinancialexpressDeepak Mohanty is new PFRDA chief
New Delhi: The government has appointed Deepak Mohanty as chairman of Pension Fund Regulatory and Development Authority (PFRDA). He replaced Supratim Bandyopadhyay, whose term ended in January. Prior to this, Mohanty, a former executive director of the Reserve Bank of India (RBI), served as a member Key Points
The Tribune India
LIC launches single premium Dhan Vridhhi (plan no. 869) with guaranteed return; check benefits, details
LIC Dhan Vriddhi is a non-linked, non-participating, individual, savings, single premium life insurance plan which offers a combination of protection and savings. Under the LIC Dhan Vriddhi plan, the customers will have two options to choose where 'sum assured on death' can either be 1.25 times (option 1) or 10 times (option 2) the tabular premium for the chosen basic sum assured subject to certain eligibility condition. Key Points
Economic TimesAjay Tyagi on why valuation can be the biggest trigger in market
Ajay Tyagi of UTI AMC highlights the attractiveness of undervalued assets to long-term investors. Indian investors are shifting from fixed deposits to equity due to its high performance. However, caution is advised as the market is trading at higher valuations. Private sector banks and certain consumer sectors offer potential opportunities for growth. Key Points
Economic Times