There is a wide divergence in the fiscal deficit of the individual states.
PE of Nifty50 & Nifty IT at 0.68 is 1 standard deviation away from 7-yr mean of 0.79.
There are a couple of reasons why ‘low’ inflation is seeping into EMs.
The key variable is the volume growth it can deliver in the fourth quarter of FY19.
IGL and MGL volumes are expected to grow by 12.8 per cent and 9.6 per cent in FY19.
The stock has fallen 61 per cent in the past six months.
Enfield’s sales volume fell by 6 per cent to 194,473 units in the December 2018 quarter.
The domestic three-wheeler volume fell by 17.3 per cent to 91,000 units .
Apple, Fedex, American Airlines, Macy’s and Blackstone issue profit warnings.
Equity’s share in the country’s household assets increased to 4.6 per cent in FY18.
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