Wednesday, September 16
MUMBAI: Equities are set to weaken on Thursday in reaction to Trump's tariff announcement. The GIFT Nifty futures were down 129 points, or 0.52%, at 24,725 at the time of going to print."Markets will react negatively," said Nilesh Shah, MD Kotak Mahindra AMC. "Despite the unpredictable policy making of US, the market was expecting a tariff deal to work out as long-term US-India strategic interests are aligned. Markets will hope for a "TACO" trade if better senses prevail." TACO stands for Trump Always Chickens Out. Shares of companies in export-oriented sectors could be impacted the most on Thursday.
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 22% and 36% as per analysts’ price targets. NTPC BROKERAGE: CLSA Price Target: Rs 459 CMP: Rs 338 Upside: 35.4% See continued re-rating, which started in 2021 NTPC is back to its trading discount to the Nifty of early 2018, but it's still above the long-term discount to the NiftyHas committed to a $31bn capex plan over FY26–28, 2.4 times the prior 3-year periodATHER ENERGY BROKERAGE: NUVAMA Price Target: Rs 458 CMP: Rs 345 Upside: 32.4% Initiate coverage with buy; top pick in the two-wheeler segment Electric Vehicles likely to drive the next decade of growth for the two wheeler industry. Company could be a significant beneficiary of the country’s EV growthVARUN BEVERAGES BROKER
India's fiscal deficit for April-June was Rs 2,80,000 crore ($31.96 billion) or 17.9% of the estimate for the financial year ending March 31, government data showed on Thursday.Total receipts stood at Rs 94.14 lakh crore i.e. 26.9% of this fiscal year's budget target.Revenue receipts stood at Rs 9.13 lakh crore, of which tax revenue was Rs 5.40 lakh crore and non-tax revenue was Rs 3.73 lakh crore. Tax and non-tax revenues were 19% and 64% of the budgeted estimate.Non-tax revenue jumped as the Reserve Bank of India approved a dividend of Rs 2.69 lakh crore to the central government, up from Rs 2.11 lakh crore transferred last year. This will help the central government reduce its fiscal deficit.Revenue expenditure stood at Rs 9.47 lakh crore by the end of June.While announcing the federal
Mumbai: The Indian rupee, which breached the crucial 87 to a dollar mark on Wednesday to slump to its lowest this fiscal, is likely headed for a historic trough after Washington imposed 25% import tariffs on New Delhi.Bank treasury dealers believe the rupee could test all-time lows of 87.95 after US President Donald Trump, at the end of trading hours in Mumbai, confirmed that India will be facing a 25% tariff on its exports in the light of no trade deal finalisation between the two countries. Following this announcement, the rupee was quoting 30 paise weaker in the offshore non-deliverable forward market (NDF), which gives direction to the local spot market. The rupee was quoted below 87.90 to a dollar, indicating weaker opening at the local spot market on Thursday, dealers said."There may
Mumbai: You don't need to go all in on equities to earn competitive returns. A multi-asset diversified portfolio of equity, debt and gold -50:25:25 - would have delivered the second-best returns in seven of the past 10 years, while keeping volatility in check, according to a Franklin Templeton study. Investors looking to bet on this outcome could consider multi-asset funds.Between 2016 and 2025, equity (Nifty 500 Total Returns Index or TRI) delivered an average return of 14.8%, gold returned 14.7%, and debt (Crisil Composite Bond Index) gave 7.38% every year. In comparison, a multi-asset portfolio with 50% in equity, along with 25% each in debt, and gold generated an average return of 13.6%, with significantly lower volatility."Over a long period of time, multi asset funds have the potenti
