The selling supersedes that by EM funds; Wisdom Tree, an India-dedicated ETF, reported 52% fall in total fund assets since July 2015.
Continuance of robust refining margins and sensitivity to EPS show that Hindustan Petroleum is poised to gain the most, followed by Indian Oil and Bharat Petroleum.
Buffeted by mounting bad loans that have reached a 14-year high and shrinking profitability, valuations of public sector banks have dropped to record lows.
HNIs have been net buyers of the 3.1 lakh contracts of the call options and net sellers of 16.5 lakh contracts of put options between February 10 and February 15.
Tata Motors' arm is on the recovery path in China and has posted robust growth in Western markets, too.
Besides, if the Company Law Board gives a verdict to supersede existing management, the pace of recovery and turnaround will be much faster.
Wabco India, the Indian subsidiary of US-headquartered auto-ancillary company, is outperforming the industry growth by a wide margin.
HDFC Bank, India’s second-largest private lender by assets and the second most expensive bank globally, has overtaken European majors.
Impact on margins of auto companies will be limited to 100-500 basis points since contract prices at which they currently procure steel are already higher than spot prices.
Depreciation in the index leads many traders to change their tactical stance from risk-off trades to risk-on trades, or towards more allocation to risky assets.
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