The answer lies in the investment style and sector weights that FPIs and DIIs tend to follow. It is as much about the inflows, as it is about where they are flowing into.
At one end, the market could hit a low of 7200; and on the other, it could climb to as much as 8200 in the near term, analysts say.
Maruti may advance Gujarat plant by 3-6 months, new generation Swift and Dzire to be home for the new plant
“In 2017, we will need the Gujarat plant and work is on in full swing there,” Bhargava had told shareholders at the AGM last week.
Indian M&HCV market considered as a barometer of economic activity has made a smart recovery on the back of pent-up replacement demand in FY15.
India is less vulnerable to increases in interest rates by the US Fed. The size of dollar debt in EM doubled in the past five years to $4.5 tn.
FII ownership of resource-based stocks as percentage of their total India holdings dropped to a new low of 2.9% in June 2015.
Investors are pricing in not only the low return on equity but also sluggish 12% earnings growth of FY16 and about 16% for FY17.
The group companies have lost nearly one-third of their market capitalisation (about Rs 4,300 crore) since the start of August.
A severe slowdown of the Chinese economy could push Tata Motors’ money-spinning subsidiary Jaguar Land Rover into a tight spot.
Shares of Hero MotoCorp, India’s largest motorcycle maker, have outperformed the BSE Auto index by 11 per cent in the past three months.
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